Tether

Name: Tether
Brand: Cryptocurrency
SKU: USDT
Price: 0.7717 GBP
Availability: InStock

USDT

GBP

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

•

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

•

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

•

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

•

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Stablecoins

‘Stablecoin‘ (e.g. , USDT) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks

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Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.

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Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.

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Collateral risk: There’s a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).

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FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate

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Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there’s a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.

About Tether

Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.

Resources

Tether USDt, or USDT, is a digital token that was launched in 2014. It is designed to facilitate the use of traditional fiat currencies in a digital way, intending to provide an alternative to the conventional financial system with a digital approach to money. Tether (USDT) is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether's issuer claims that USDT is backed by bank reserves and loans that match or exceed the value of USDT in circulation. This digital dollar is powered by blockchain technology and exists on several blockchains, including Algorand, Avalanche, Ethereum, EOS, and more. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT to Coinbase on any other blockchain.

Tether USDt operates as a digital token built on various blockchains. Each Tether token is backed 100% by Tether's reserves, and the company strives to maintain transparency by publishing a record of its current reserve assets. The value of USDT is intended to be maintained by Tether to remain pegged to the U.S. dollar, with the company allocating the same amount of USD to its reserves whenever it issues new USDT tokens.

Tether USDt offers a variety of potential use cases. Its relative historical stability, compared to the high volatility of other cryptocurrencies, might make it attractive for beginners wanting to enter the cryptocurrency world. Additionally, USDT provides a way to transact a U.S. dollar equivalent across regions, countries, and even continents via blockchain, eliminating the need for traditional intermediaries like banks or financial service providers.

Tether USDt was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars. Originally known as Realcoin, it was the first blockchain-enabled platform to facilitate the digital use of traditional currencies. Over the years, Tether has made strides, allowing customers to transact with traditional currencies across the blockchain. Despite some controversies, Tether has continued its operations. As of November 2023, there were over 88.8 billion USDT tokens in circulation. Tether has expanded into the Latin American market in 2022 with the launch of MXNT, a new stablecoin backed by the Mexican peso.

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Market

United Kingdom Market stats

Market cap

£93.0B

Volume (24h)

£60.1B

Circulating supply

120.5B USDT

Typical hold time

1 day

Popularity

All time high

£0.94

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

Price change (1d)

+0.06%

Price change (1w)

+0.03%

Price change (2w)

+0.07%

Price change (1m)

Price change (1y)

-0.04%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Tether on social media

26,488 unique individuals are talking about Tether and it is ranked #12 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Tether has an average sentiment score of 3.6 out of 5. Finally, Tether is becoming more newsworthy, with 0 news articles published about Tether. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Tether. There were 72.83% of tweets with bullish sentiment compared to 0.92% of tweets with a bearish sentiment about Tether. 26.25% of tweets were neutral about Tether. These sentiments are based on 43700 tweets.

On Reddit, Tether was mentioned in 14 Reddit posts and there were 25 comments about Tether. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

Overview

Contributors

26,488 people

Posts

32,344 posts

Dominance

0.21%

Volume rank

#12

Average Sentiment

3.6 out of 5

Twitter

Tweet Count

43,700 people

Sentiment

72.83%

Bullish

26.25%

Neutral

0.92%

Bearish

Posts

Comments

Post Score

Comment Score

Tether Calculator

How much is 1 USDT?

Conversion Table

USDT/USD (United States Dollar)

$1.00

USDT/CAD (Canadian Dollar)

CA$1.39

USDT/GBP (British Pound)

£0.77

USDT/JPY (Japanese Yen)

¥152.98

USDT/INR (Indian Rupee)

₹84.19

USDT/BRL (Real)

R$5.78

USDT/EUR (Euro)

€0.92

USDT/NGN (Nigerian Naira)

NGN 1,661.74

USDT/KRW (South Korean Won)

₩1,387.74

USDT/SGD (Singapore Dollar)

S$1.32

Tether is on the rise this week.

The price of Tether has decreased by 0.00% in the last hour and increased by 0.06% in the past 24 hours. Tether’s price has also risen by 0.03% in the past week. The current price is £0.77 per USDT with a 24-hour trading volume of £60.10B. Currently, Tether is valued at 17.72% below its all time high of £0.94. This all-time high was the highest price paid for Tether since its launch.

The current circulating supply of Tether is 120,496,629,333.274 USDT which means that Tether has as total market cap of 120,496,629,333.274.

FAQ

What is the current price of Tether?

We update our Tether to GBP currency in real-time. Get the live price of Tether on Coinbase.

What is the market cap of Tether?

The current market cap of Tether is £93.04B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Tether?

The all-time high of Tether is £0.94. This all-time high is highest price paid for Tether since it was launched.

What is the 24 hour trading volume of Tether?

Over the last 24 hours, the trading volume of Tether is £60.10B.

What other assets are similar to Tether?

Assets that have a similar market cap to Tether include Bitcoin, Ethereum, BNB, and many others. To see a full list, see our comparable market cap assets.

How many Tether are there?

The current circulating supply of Tether is 120 billion.

What is the typical holding time of Tether?

The median time that Coinbase customers hold Tether before selling it or sending it to another account or address is 1 days.

What is the relative popularity of Tether?

Tether ranks 27 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Tether?

Currently, 93% of Coinbase users are buying Tether. In other words, 93% of Coinbase customers have increased their net position in Tether over the past 24 hours through trading.

Can I buy Tether on Coinbase?

Yes, Tether is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Tether guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.