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home CoinsUSDT

Updated 06:20 AM UTC

USDT Tether

$0.9999

$0.0002

(0.02%)

Today

Mkt Cap$184.07B

Vol76.6B

About Tether

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex) The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.

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EU Issuers Argue Euro Stablecoin Falls Short for Global USD Liquidity

European stablecoin issuers are stepping up efforts to offer regulated US dollar tokens, arguing that the EU’s push to strengthen the euro does not eliminate the practical need for dollar liquidity in cross-border commerce and payments. On Wednesday, the German issuer AllUnity la...

CryptoBreaking

EU Issuers Argue Euro Stablecoin Falls Short for Global USD Liquidity

CryptoBreaking

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$4.2B crypto bank Anchorage Digital cuts 17% of workforce: Report

The reported cuts come as Anchorage expands its institutional footprint, including stablecoin issuance and a $100 million investment from Tether.

cointelegraph

Tether Brings USDT Back to Bitcoin After 10 Years via Utexo's RGB Rollout

Tether's USDT returns to Bitcoin this month via RGB and startup Utexo, ten years after its Omni debut, while Tron and Ethereum keep over 90% of supply.

coinotag

Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%

Bitcoin dominance is closing in on 60% while USDT's has slipped to 6.3%, pointing to a market growing more comfortable with risk.

coindesk

China Warns Foreign Spies as Crypto Rules Tighten; Singapore Leads

Government agencies across Asia are sending sharply different signals on crypto—ranging from China’s renewed warnings about security risks to regulators in Hong Kong tightening audit oversight, while parts of the region push for more regulated market infrastructure. Meanwhile, cr...

CryptoBreaking

Stablecoin card spending hits record $789M in September – Report

USDC is winning the stablecoin card war but USDT still rules overall.

ambcrypto

Binance Pay Enables Crypto Spending at PayPay Merchants…

How Will Binance Pay Users Spend Crypto In Japan? Binance Pay is expanding its real-world payment capabilities in Japan, allowing eligible overseas users to spend more than 100 cryptocurrencies at the majority of merchants supported by PayPay starting Wednesday. The integration c...

Finance Feeds

Binance Pay to enable USDT payments at PayPay merchants in Japan via HIVEX

🆕 Binance Pay unlocks $USDT payments at millions of PayPay merchants in Japan. 🪙 Overseas tourists can use USDT for local purchases, while merchants receive yen settlements. 🌏 Japan saw 42.7 million international visitors in 2025, ranking first in Asia. 🚄 PayPay’s nationwide ...

COINTURK NEWS

Binance Pay Enables USDT Payments at PayPay Merchants in Japan

Binance Pay is set to expand its crypto spending options in Japan by enabling eligible overseas visitors to pay with Tether USDt (USDT) at most merchants that accept PayPay. The rollout begins on Wednesday, with settlement handled in yen rather than crypto. The integration is del...

CryptoBreaking

Binance Pay lets visitors spend USDT at PayPay merchants in Japan

Binance Pay will let eligible overseas users spend USDT at most PayPay-supported merchants in Japan through HIVEX, with stores receiving yen.

Cointelegraph.com News

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