Tether (USDT)

Tether (USDT) continues to be a crucial stablecoin, trading steadily at approximately $0.999 as of August 18, 2026, with no significant percentage change over the last 24 hours. Its unwavering peg to the US dollar is a cornerstone of its utility, enabling seamless transactions and providing stability in the volatile crypto market. With a substantial market capitalization of $183.0 billion, Tether holds the third position among cryptocurrencies. This market cap is nearly 80% of Ethereum's market cap, highlighting Tether's significant role in the broader crypto economy, particularly in facilitating trading and payments across various blockchains. Tether's reserves, comprising US Treasuries, cash equivalents, and other assets, are regularly attested through quarterly reports.