USDT
USDT

Tether price

₺38.6374
-₺0.00502
(-0.02%)
Price change for the last 24 hours
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Tether market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
All-time low
Lowest price a coin has reached in its trading history.
Market cap
₺5,766.51B
Circulating supply
149,184,155,109 USDT
100.00% of
149,184,155,109 USDT
Market cap ranking
--
Audits
CertiK
Last audit: Apr 1, 2019
24h high
₺38.6482
24h low
₺38.6332
All-time high
₺39.1272
-1.26% (-₺0.48979)
Last updated: Mar 13, 2023
All-time low
₺36.7513
+5.13% (+₺1.8861)
Last updated: May 12, 2022

Tether Feed

The following content is sourced from .
CoinDesk
CoinDesk
Tether CEO Paolo Ardoino is sounding the alarm on Europe’s financial system, warning that a wave of bank failures could hit the continent in the near future due to the intersection of risky lending and new cryptocurrency rules. Ardoino, during an interview with the Less Noise More Signal podcast, took aim at the European Union’s regulatory framework for stablecoins, which he said pushes companies like Tether to keep the bulk of their reserves—up to 60%—in uninsured bank deposits. In his scenario, that could mean holding 6 billion euros of a 10 billion euros-pegged stablecoin in small banks with minimal protection. “The bank insurance in Europe is only 100,000 euros,” he said. “If you have 1 billion euros, that’s like spitting on a fire.” European banks, like every other bank, operate on a fractional reserve, Ardoino added. “They can lend out 90% of it to people that want to buy a house, start a business, and all of that.” In his hypothetical 6 billion euros scenario, this would mean 5.4 billion euros would be lent out by the bank. He likened the setup to the lead-up to Silicon Valley Bank's collapse in 2023, when a flood of redemptions exposed the mismatch between deposits and actual liquidity. Ardoino warned that European banks operate under similar fractional reserve models that could unravel under pressure. A 20% redemption event, he estimated, could leave banks short billions. "As a stablecoin issuer, you go bankrupt — not because of you, but because of the bank. So the bank goes bankrupt and you go bankrupt, and the government would say, ‘Told you so, stablecoins are very dangerous,” Ardoino said. Regulations in Europe, he added, are made to try to help banks in the bloc and bring them liquidity, but this created “huge systemic risk.” The largest banks in Europe, like UBS, would “not bank stablecoins,” pushing stablecoin issuers to use smaller banks, furthering the risk. The comments come as Tether plans to launch a U.S.-based stablecoin product, and as the stablecoin issuer keeps investing in various projects outside of the ecosystem, having recently raised its stake in Latin American producer Adecoagro.
1.54K
0
Satoshi Protocol
Satoshi Protocol
satUSD gives you access to stable liquidity without selling your crypto. It is over-collateralized, backed by BTC, ETH, BNB, and LSTs. You can mint it with your assets or swap USDT or USDC at a 1:1 ratio. Built for DeFi. Simple to use. Secure by design. Here is how it works 🧵
7.6K
11
日拱一卒王小楼
日拱一卒王小楼
Defidotapp Project Analysis Report The focus of this issue is to find positive and negative information on Twitter. 1. Basic Project Information 1.1 Project Overview (@defidotapp) is a decentralized finance (DeFi) super app aimed at providing a user experience similar to centralized exchanges (CEX) while retaining the advantages of decentralization. The project was created by a group of former Robinhood team members, aiming to become the "Robinhood of DeFi," making cryptocurrency trading more user-friendly for the general public through a simplified interface and process. 1.2 Funding Situation Seed round financing of $2 million, with a valuation of $100 million Financing led by Mechanism Capital Other investors include Selini Capital, North Rock Digital, and about 50 angel investors Compared to most projects, only 5% (instead of the common 20-30%) of tokens were sold to strategic investors 1.3 Project Features Gas-free transactions: Users can conduct transactions without gas fees, lowering the threshold for using DeFi One-click cross-chain trading: No need for bridging, allowing direct trading with any token on any chain Self-custody: Users have full control over their assets without needing to trust third parties No KYC: Maintains user privacy without identity verification MEV protection: Protects users from Maximum Extractable Value (MEV) attacks Low-fee high-speed trading: Transaction fees are only 0.01%, with speeds comparable to centralized exchanges 2. KOL Opinion Analysis 2.1 Positive Opinions Product Quality and User Experience "@defidotapp does an excellent job in one-click trading, and the trading interface is very smooth" - @0xyoshitaka "This is truly one of the most beautiful consumer-grade applications I've used, they are a former Robinhood team, and know how to build excellent consumer apps" - @Crypto_YOLO Trading Volume and Growth Potential "In just 60 days, it has completed over $5 billion in trading volume, with daily trading volume stable at over $250 million" - @0xyoshitaka "The team is constantly releasing new features, daily trading volume is continuously growing, and has started generating $7 million in annualized revenue" - @CryptoGideon_ Perpetual Contract Features "Perps integrated with Hyperliquid, allowing users to trade without bridging or fuel fees, very innovative" - @0xUxDesign "One-click funding of Hyperliquid accounts from any chain, solving the biggest pain point of DeFi perpetual contracts" - @CryptoGideon_ Innovative User Incentive Mechanism "The Degen Arena XP system is very interesting, even if liquidated, you can earn XP, making trading more fun" - @0xyoshitaka "The Faction system adds social and gamification elements, with top factions receiving up to 40% additional rewards" - @FOMO_v 2.2 Negative Opinions Despite mostly positive comments on Twitter about defidotapp, there are some potential concerns: Competitive Market Environment "In the 'crypto homepage' competition, Infinex, Magic Eden, MetaMask, etc., are all making similar products, and the competition is very fierce" - @ape_trader Airdrop-Oriented User Growth "Users are mainly focused on how to get airdrops rather than actually using the product, which may affect long-term user retention" - @DeFi_Analyst Technical Reliability Concerns "Innovative features like gas-free transactions have potential security risks that need time to verify" - @Security_Expert Unclear Governance and Token Economics "There is little information on the specific rights and governance mechanisms of the $HOME token, investors should remain cautious" - @CryptoVC_Insights 3. Product Feature Analysis 3.1 Core Functions DEX Aggregator Aggregates liquidity from multiple DEXs, providing the best prices and low slippage Ranked among the top 10 DEX aggregator trading volumes Supports multi-chain trading (Ethereum, Base, Arbitrum, BSC, etc.) Perpetual Contracts Integrated with Hyperliquid, offering up to 25x leverage No need for bridging, one-click funding of perpetual contract accounts from any wallet Smooth CEX-style interface with DeFi self-custody features Degen Arena Gamification System Users can earn experience points (XP) for ranking competition Faction system allows users to team up for additional rewards Trading, deposits, and being liquidated all earn XP 3.2 Innovative Highlights One-click Cross-chain Trading Experience No need for manual bridging of funds, greatly simplifying cross-chain operations Base USDT-USDC trading requires only $0.1 in gas fees Gas-free Signature Transactions Users do not need to pay gas, lowering the entry barrier Automatically optimizes trading paths and execution methods Dual Incentive Mechanism HOME token airdrop HYPE token airdrop when using Hyperliquid perpetual contracts 4. Future Development and Opportunities 4.1 Growth Potential Based on current trends, it is expected to become one of the top DeFi super apps Token Generation Event (TGE) expected to be completed in Q2 2025 Simplifying user experience helps attract the next wave of crypto users 4.2 Expected Development Following perpetual contracts, more DeFi products (yield products, lending, etc.) may be introduced Enhancing wallet integration to further simplify user experience Potential development of more on-chain analysis tools and user smart suggestion features 5. Summary 5.1 Advantages Excellent user experience design, professional product capabilities brought by the former Robinhood team Innovative gas-free, cross-chain trading solutions addressing core DeFi pain points Strong investor background and relatively fair token distribution Gamified user incentive design enhances user stickiness High product-market fit, achieving considerable trading volume in the short term 5.2 Potential Risks Competitive market environment, with multiple projects working on similar super apps Token economic model and long-term profitability need further validation Over-reliance on airdrops to attract users may affect long-term retention Sustainability and security of the gas-free model need long-term verification 5.3 Investment Advice For users interested in participating in the ecosystem: Understand and use the product: Experience the features, especially the newly launched perpetual contracts Participate in Degen Arena: If interested, join top-ranking factions for additional rewards Stay informed but cautious: While the project has great potential, remain cautious with investments and avoid overcommitting Follow official announcements: Keep a close eye on official announcements regarding the HOME token TGE Represents the innovative direction of the DeFi field, with the potential to become a representative of the next generation of DeFi applications by simplifying operations and optimizing experiences. However, like all early-stage projects, users and investors should remain cautious and participate rationally.
Show original
4.75K
14
Whale Sniper
Whale Sniper
Binance - USDT Market #JUP - Unusual activity 629K USDT in 2 minutes (13%) P: 0.4454 ❇️ (0.36%) 24H Vol: 5.32M USDT
4.84K
2
BeamPrivacy
BeamPrivacy
🔒Your definitive guide to private DeFi on #Beam. Our key offerings: 🔹Private-by-default wallet metadata & transactions 🔹Private-by-default stablecoin 🔹Private-by-default DEX (feat. wrapped assets from Ethereum like wBTC, USDT, and more)
5.27K
51

USDT calculator

TRYTRY
USDTUSDT

Tether price performance in TRY

The current price of Tether is ₺38.6374. Over the last 24 hours, Tether has decreased by -0.01%. It currently has a circulating supply of 149,184,155,109 USDT and a maximum supply of 149,184,155,109 USDT, giving it a fully diluted market cap of ₺5,766.51B. At present, the Tether coin holds the 0 position in market cap rankings. The Tether/TRY price is updated in real-time.
Today
-₺0.00502
-0.02%
7 days
+₺0.0030901
+0.00%
30 days
+₺0.045579
+0.11%
3 months
+₺0.014678
+0.03%

About Tether (USDT)

4.1/5
Certik
4.2
02/07/2025
CyberScope
4.4
02/08/2025
TokenInsight
3.7
11/07/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/ tax/ investment professional for questions about your specific circumstances.
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    By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates ("OKX TR") are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets.

Tether (USDT) is the world's first and most widely used stablecoin and the third-largest cryptocurrency by market cap. USDT is an Ethereum-based, asset-backed, stablecoin pegged to the US dollar. Hence, Tether's value is meant to remain consistently close to 1 USD.

Initially called Realcoin, Tether was launched in 2014 by Reeve Collins, Craig Sellars, and Brock Pierce. USDT tokens are issued by Tether Limited, a company controlled by Bitfinex, and can theoretically be redeemed at any time for an equivalent amount.

How does Tether work

Tether was initially built on top of the Bitcoin blockchain, but its network has now been expanded to run on over ten different blockchain protocols, including Ethereum (ETH), Tron (TRX), and Solana (SOL). Tether was also launched on the Omni layer, a platform for creating and trading assets on the Bitcoin network.

USDT can be minted or destroyed by its issuing company Tether Limited, and more importantly, be quickly and cheaply transferred to individuals over any supporting blockchain network. Whenever new USDT tokens are issued, Tether is meant to allocate the corresponding USD amount to its reserves, in order to ensure that USDT remains fully backed by cash and cash equivalents.

What is Tether used for?

USDT has become popular for trading across major exchanges due to its ease of use and wide acceptance. In most cases, users can also conveniently move their holdings between their Web3 wallets and exchanges.

Tether can also be used to gain some level of exposure to the US dollar. Tether Limited publishes a daily report on the value of its reserves and has quarterly assurance opinions issued by external accountants.

USDT developments

In an updated statement, Tether revealed that USDT tokens are no longer backed entirely by US dollar deposits. Instead, Tether is allegedly backed by reserves, including traditional currency, cash equivalents, short-term deposits, commercial papers, US treasury bills, corporate bonds, secured loans, precious metals, corporate funds, and more.

In January 2021, Tether Limited minted a record 2 billion USDT tokens in a single week. This came during tremendous growth in the crypto markets. The growing interest in USDT was due to several reasons, including an increasing lack of trust in the traditional financial system and rising institutional interest in cryptocurrencies.

In November 2021, USDT launched on the Avalanche platform. Avalanche, launched in 2020, is one of the blockchain industry's fastest and cheapest-to-use smart contracts platforms. The Avalanche-native USDT was first supported by Bitfinex and was said to offer cheaper and quicker USDT transactions.

In April 2022, USDT support was added for the blockchain network Kusama making Kusama the tenth network to support the asset-backed stablecoin. This represented a milestone for Kusama and an especially significant one for USDT. Kusama is a decentralized network of specialized, parallel blockchains closely related to the much more extensive Polkadot network and is often referred to as Polkadot's Canary network.

In May 2022, USDT was launched on the Polygon network. Polygon is an Ethereum scaling solution, also known as a sidechain or Layer-2 network, known for charging significantly lower transaction fees and being faster than its main network, Ethereum. At the time, Polygon had processed over $1.6 billion in transactions, had over $5 billion in locked value, and had more than 19,000 decentralized apps (DApps) running on it. Polygon is the 11th blockchain network that USDT was launched on.

Tether's expansion continued during 2023 with key partnerships such as that with Argentinian crypto payments provider KriptonMarket. The partnership supports USDT transactions at the Central Market of Buenos Aires, allowing customers to pay for goods using USDT. The collaboration also allows vendors to pay a portion of their employees' salaries in the stablecoin.

On August 12, 2024, USDT reached a new record market cap of $115 billion, on its way to capturing a 70% share of the total stablecoin market. The milestone followed noteworthy growth for the leading stablecoin, with USDT increasing its market cap by more than 40% between September 2023 and August 2024.

In the same month, Tether announced the expansion of USDT to the Aptos blockchain in a move that aimed to improve accessibility to digital currencies globally. The integration of USDT with Aptos brought lower gas fees and high performance to users of the chain, opening the door to wider adoption.

USDT price and tokenomics

Tether Limited controls the minting and burning of USDT tokens. IN theory, when there is demand for USDT, Tether mints new tokens and when USDT is sold, the corresponding number of tokens is burned.

There are about 116.99 billion USDT in circulation as of mid-2024, and USDT has a current total supply of 118 billion. Some USDT tokens are held in reserve by Tether Limited, explaining the gap between the number of tokens in circulation and the number in existence.

USDT has no supply cap, so any number of USDT tokens could potentially be created by Tether Limited, if there is sufficient collateral to back them. Minting new tokens doesn’t erode the value of existing tokens. Likewise, burning USDT tokens doesn’t increase token value.

About the founders

Tether was founded in 2014 by a group of early crypto adopters and Bitcoin enthusiasts passionate about digitizing fiat currencies. Its origins lie in the Mastercoin protocol, based on the Bitcoin blockchain.

Brock Pierce was one of the original members of the Mastercoin Foundation who helped develop and promote Mastercoin. Pierce, Craig Sellars, and Reeve Collins co-founded Tether in 2014, with Mastercoin protocol as its technological foundation.

Tether's precursor, "Realcoin," was announced in July 2014, and the first tokens were issued in October 2014. The project was renamed Tether in November of that year, alongside an announcement of entering the private beta phase, with three currencies: USTether (for USD), EuroTether (for EUR), and YenTether (for JPY).

Brock Pierce is a widely known entrepreneur and co-founder of multiple high-profile entertainment and crypto projects, including Blockchain Capital and Block.one, the company that created the EOS blockchain. He also served as Director of a non-profit organization called Bitcoin Foundation, created to improve and promote Bitcoin.

Reeve Collins is also a serial entrepreneur who had already co-founded successful companies like Traffic Marketplace, RedLever, and Pala Interactive. On the other hand, Craig Sellars has been an active member of the Omni Foundation and associated with multiple organizations, including Bitfinex, Synereo, MaidSafe Foundation, and Factom.

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Socials

Posts
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 3.5K new posts about Tether, driven by 2.5K contributors, and total online engagement reached 1.2M social interactions. The sentiment score for Tether currently stands at 89%. Compared to all cryptocurrencies, post volume for Tether currently ranks at 1526. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Tether.
Powered by LunarCrush
Posts
3,496
Contributors
2,483
Interactions
1,219,227
Sentiment
89%
Volume rank
#1526

X

Posts
1,970
Interactions
943,135
Sentiment
91%

Tether FAQ

What is a stablecoin?

Stablecoins are cryptocurrencies designed to have a fixed price by having their value pegged to some cryptocurrency, commodity, fiat currency, or financial instrument or by utilizing an arbitrage system.

What is USDT?

USDT is a stablecoin pegged to the value of the US dollar. It was launched in 2014 to facilitate the transfer of fiat currencies on the blockchain. USDT is also the largest stablecoin after USD Coin (USDC). Tether is issued by Tether Limited, a company based in Hong Kong, and operates on blockchain networks, including Bitcoin, Ethereum, and Tron. Each USDT token represents one US dollar held in reserve by Tether Limited.

Why would I want to buy USDT?

USDT provides a stable and secure way to store and transfer value on the blockchain. As a stablecoin, its value is pegged to the US Dollar, which makes it less volatile than other cryptocurrencies. This stability makes it a popular choice for traders who want to minimize their exposure to cryptocurrency market fluctuations.

Another good reason to buy Tether is its wide acceptance among cryptocurrency exchanges, which makes it a convenient way to move funds between different trading platforms. However, like most digital assets, cryptocurrency is deemed high-risk and prone to sharp price changes and volatility. Therefore, always DYOR before making any financial decisions.

Where can I buy USDT tokens?

Easily buy USDT tokens on the OKX TR cryptocurrency platform. Available trading pairs in the OKX TR spot trading terminal include USDT/USDC, BTC/USDT, ETH/USDT, and OKB/USDT.

You can also buy USDT with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), and USD Coin (USDC), are also available.

Alternatively, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for USDT with zero fees and no price slippage by using OKX TR Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into USDT, visit the OKX TR Crypto Converter Calculator. OKX TR's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Another option to buy USDT tokens is through the OKX TR P2P Trading marketplace. P2P trading allows users to buy and sell cryptocurrencies directly from other users without needing a middleman.

Can I use USDT to buy other cryptocurrencies?

With OKX TR, you can easily use USDT to buy other crypto assets, including Bitcoin (BTC), Algorand (ALGO), XRP (XRP), and Bitcoin Cash (BCH), using OKX TR Convert. OKX TR Convert allows users to convert top crypto and stablecoins like USDT with zero fees and no slippage.

How much is 1 Tether worth today?
Currently, one Tether is worth ₺38.6374. For answers and insight into Tether's price action, you're in the right place. Explore the latest Tether charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Tether, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Tether have been created as well.
Will the price of Tether go up today?
Check out our Tether price prediction page to forecast future prices and determine your price targets.

Monitor crypto prices on an exchange

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Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.

USDT calculator

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