Tether USDT
Rank #3 by market cap
Last 7 days
CM Profile: Tether
Cryptominium Profile. What we have established, measured and written about USDT, and what we have not.
- Measured
- Selling $100,000 on 2 exchange order books lost 0.00% on each, on 9 October 2026.
- Its price, recorded by us every day since 9 August 2026.
- Written, with sources
Read from our own records when this page was made. It describes what we know, and is not a view on whether to hold USDT. How each part is worked out
What changed
Week to 9 OctoberNothing we measure moved much this week: exchange depth on Kraken, trading volume, reported supply and price are all within their usual range.
From our own measurements only, each against the month before. We do not say why a price moves. How this is worked out · Every coin this week
What it actually costs to sell USDT
Selling $100,000 of USDT into each exchange’s resting bids, measured against the mid price:
| Exchange | Lost | Got back | Measured |
|---|---|---|---|
| Coinbase USDT/USD | under 0.01% | $99,999 | 2026-10-08 |
| Kraken USDT/USD | under 0.01% | $99,999 | 2026-10-09 median of 6 |
Exchange figures need an account there (and KYC, a permitted country, the tokens already deposited), are before trading fees, and are never averaged with the on-chain figure. Binance is not included: it refuses requests from the region our servers are in. How this is measured →
Watch this number instead of remembering it. A free account keeps USDT on a list, records where it stood the day you added it, and emails you if selling it on these exchanges gets materially harder — one message, not a series. The measurement itself stays public; the account is for being told when it moves without you looking.
What Tether is
Tether (USDT) is a stablecoin designed to hold a value of one US dollar. Launched in 2014, it is issued by Tether Limited, and it is consistently the most heavily traded asset in crypto — for many traders it functions as the dollar of the crypto market, particularly outside the United States.
The peg is maintained by backing, not by algorithms. Tether says each token is covered by reserves that today are largely short-dated US Treasury bills, and it publishes regular attestations of those holdings.
The distinction that matters: attestations are not full audits, and Tether's reserve composition has drawn sustained scrutiny — including a 2021 settlement with the New York Attorney General over past disclosures. Holding USDT means trusting a private company to hold real assets and honour redemptions, which is a different kind of risk from holding a decentralised asset. Tether can also freeze tokens, and has done so at the request of law enforcement.
What Tether can do
Selling $100,000 on Coinbase lost under 0.01% against the mid price, before trading fees. Check your own amount →
Our own measurement · measured 8 October 2026
You can keep USDT in your own wallet, but Tether can freeze tokens and blacklist the address that holds them. What a wallet actually is →
Source: Tether: terms of service · checked 2 October 2026
USDT is designed to be worth one dollar, and Tether says every token is backed in full by its reserves. It holds for as long as those reserves do.
Source: Tether: transparency · checked 2 October 2026
Tether swaps USDT for dollars only for customers it has verified, from $100,000 at a time and for a fee. Everyone else sells it on an exchange.
Source: Tether: fees · checked 2 October 2026
What a coin can do is not a reason to buy it or to sell it. Each answer names its source and the day we read it; where we could not source one, the row is left out. How these are written · Every coin we have written up
Where USDT lives
On Solana, a mint authority can create more of the token and a freeze authority can freeze it in a holder's account; both are read from the token itself, every day. On Ethereum, Base and BNB Chain, GoPlus's analysis of each contract is read weekly: whether it has a function to block addresses or pause transfers, and whether an owner holds it. That is GoPlus's reading, not ours. Where a token exists on several chains, one copy's settings say nothing about the original coin.
Always verify a contract address against the project's own site before sending anything. Addresses are shown as published by CoinGecko, not as an endorsement — and identical-looking tokens on other chains are the most common way people lose money here.
Price change
Compare Tether with
Tether data synced 5m ago from CoinGecko. Figures shown in USD. This page is market information, not financial advice — and nothing here is a recommendation to buy or sell USDT.