Tether (USDT) is a stablecoin that aims to bridge the gap between cryptocurrencies and traditional fiat currencies by pegging its value to the US Dollar. As of Oct 20, 2026, it trades at $0.998949 with a market cap of $182.98B, ranking #3 among tracked cryptocurrencies.
It allows for digital transactions while minimizing volatility commonly associated with cryptocurrencies. Source: CoinPaprika.com
What is the USDT token used for?
The USDT token is associated with maintaining a stable, low-volatility store of value, omni token, ethereum (eth) token (erc-20), tron (trx) token, eos token, optimism ecosystem, arbitrum ecosystem, polygon (matic) token, celo token, ton token, avalanche (avax) token, zksync ecosystem, cronos (cro) token, and linea ecosystem, based on the tags CoinPaprika applies to Tether.
Tether history and key milestones
Tether started on Feb 25, 2015, CoinPaprika's price data for it begins on Feb 25, 2015, and it reached an all-time high of $1.2155 on Feb 25, 2015.