Tether USDT

USDT has moved +0.01% in the last day, +0.10% over the week, and -0.03% over the past month. The all-time high of $1.32 was set 2875 days ago, leaving USDT at 75.7% of that peak. Reclaiming the record would require a 32% advance from here. The weekly and monthly trends are pulling in opposite directions, a hallmark of a market in transition.

Volatility & risk

Realised volatility for USDT is currently relatively contained, with a 7-day annualised reading near 1%. That makes it calmer than most large caps (less volatile than 96% of peers), which can suit lower-risk allocations. Day-to-day ranges are wide by traditional-asset standards but restrained for crypto.

Liquidity & trading depth

Over the last 24 hours roughly $50.77B changed hands, equal to about 27.2% of the circulating market value turning over in a day. That is healthy turnover — orders can generally be filled with limited slippage and the market is actively traded. Liquidity health scores 100/100 on our composite, which blends 24-hour volume against market capitalisation.

Correlation with Bitcoin & markets

Over the past week, USDT's hourly returns show a correlation of -0.04 with Bitcoin. That is an inverse relationship over the window — USDT has tended to zig when Bitcoin zags, a rare and potentially useful hedge. Correlation regimes shift, so this figure is a snapshot rather than a constant.

Our outlook blends three independent lenses. The technical model reads momentum as neutral and frames a near-term band of $0.8996 to $1.12. The statistical model, driven by realised volatility, centres near $0.9995 with a one-horizon spread of $0.9924 to $1.01. The relative model, anchored to how comparable top-100 assets have performed (median -16.25% over the past week), points to $0.8384 to $1.02. Blending the three yields the horizon-by-horizon ensemble in the table below. Model confidence is High, reflecting data completeness and liquidity. These are probabilistic scenarios generated from market data — not guarantees, and not financial advice.

Tether has a circulating supply of 186,959,396,801 USDT. There is no fixed hard cap; total supply currently stands near 192,426,338,425 tokens. Without a ceiling, long-run scarcity depends on the protocol's issuance and any burn mechanics. Fully diluted valuation and circulating market cap can diverge sharply when a large share of tokens is still locked, so both are worth comparing before drawing conclusions about value.

Tether (USDT) is the 3rd-ranked cryptocurrency tracked on TBN Express, with live pricing, derived risk metrics and a multi-model outlook refreshed throughout the day. The profile below combines project information with our own quantitative read of how USDT is trading right now.

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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