Tether (USDT) Price, Market Cap & Analysis
Tether (USDT) live price $0.999398, -0.02% 24h, market cap $186.44B (rank #3). Real-time data + analysis.
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What USDT is
Tether (USDT) is a stablecoin designed to track the U.S. dollar, making it a widely used digital asset for trading and liquidity rather than a speculative price-growth token.[9][10]
Price action and market position
USDT is trading at $0.999398, down 0.02% over the last 24 hours, which points to a very tight peg with only minimal drift versus $1.00.[3] Its $186.44B market cap ranks it #3, and the $38.00B 24-hour volume shows exceptionally heavy turnover for a stablecoin, consistent with its role as a core settlement asset in crypto markets.[3] Compared with its $1.32 all-time high on 2018-07-24, the current price is far below that peak, although for USDT the more relevant reference is its dollar peg rather than upside relative to a past high.[7]
What to watch
One key risk is a sustained loss of peg, since even small deviations can matter for traders who rely on USDT as a cash substitute.[10] One catalyst to watch is continued high market activity, because strong trading volumes can reinforce USDT’s utility as a liquidity bridge across exchanges and networks.[1][10]
Live data via the AISA CoinGecko API. Last updated 2026-06-15T00:44:57.