Convert Tether to US Dollar
USDT to USD Price Calculator
Tether — 7 Day Price
Interactive Tether price chart with 7-day, 30-day, and 90-day historical data.
1 Tether (USDT) = 0.998449 USD at the live mid-market price. That means 10 USDT converts to roughly 9.98 USD, and 100 USDT to about 99.84 USD. Prices refresh every 5 minutes from CoinGecko, which aggregates data from over 1,000 exchanges and weights by trading volume. USDT is a stablecoin designed to track USD 1:1 — small deviations from parity are signals of redemption stress, not normal price action.
About Tether (USDT)
Tether (USDT) is the world's largest stablecoin by market cap, designed to maintain a 1:1 peg with the US Dollar. Issued on more than a dozen blockchains (most activity sits on Tron and Ethereum), USDT is the dominant quote asset on centralised exchanges and the primary dollar rail for offshore crypto trading.
Largest stablecoin by market cap, consistently over $150 billion outstanding
Collateralized primarily by US Treasury bills and cash equivalents per Tether's quarterly attestations
Tron hosts the majority of USDT transfers by count; Ethereum hosts the largest balances
Tether Limited generates billions in annual profit from Treasury yield on its reserves
MiCA regulations in the EU have restricted USDT availability on several European venues
What drives the USDT price?
USDT is not designed to move in price — deviations from $1 are the story. Small premiums (above $1) signal surging spot demand in Asia and the Middle East; small discounts (below $1) signal redemption stress or regulatory headlines. Tether's reserves, attestations, and bank-access news are the primary event risks.
Trading notes
USDT trades 24/7 across hundreds of exchanges. The most-liquid USDT pairs are BTC/USDT and ETH/USDT on Binance. Cross-chain transfer fees differ dramatically — Tron is cheapest, Ethereum most expensive, Solana fastest.
Frequently Asked Questions
Why is Tether pegged to the US Dollar?
Tether is a stablecoin — it's designed to trade 1:1 with USD. The peg is maintained through fully-reserved dollar backing (Treasury bills and cash deposits) plus market-maker arbitrage that redeems or creates tokens to close any pricing gap.
Does Tether always equal exactly $1?
Almost always, but brief depegs happen during banking crises (USDC hit $0.87 in March 2023 during the SVB collapse) or redemption stress. Deviations from $1 are the primary signal of stress in crypto — watch for them.
Is Tether safe to hold?
Safety depends on the reserve composition and custodian. Both Tether and Circle publish attestations. USDC is regulated under US money-transmitter laws; USDT operates offshore but has grown reserves composition transparency significantly since 2021. Neither is FDIC-insured.
What's the difference between Tether on different blockchains?
Tether exists on Ethereum, Tron, Solana, and many other chains — all backed by the same issuer. Transfer speed and fees differ dramatically: Tron is cheapest, Solana fastest, Ethereum has highest compatibility with DeFi.
How do I redeem Tether for actual USD?
Via the issuer's direct redemption channels (Circle Mint for USDC, Tether Treasury for USDT) — both require KYC and minimum balances, typically $100,000+. Most users swap to fiat via a centralized exchange (Coinbase, Binance) instead.
Related Conversions
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Prices refresh every 5 minutes · Aggregated from major exchanges