Tether is on the rise this week.

USDT, which is ranked 3, is currently changing hands for around $1.00, which has shown an increase of 0.13% in the past 24 hours. It is now in the green over the past 7 days, with a rise of 0.10% in its price. However, over the same period of 7 days, USDT still underperforms USDC, it's closest competitor from the Stablecoin category, as USDC rose by 0.13% over the same period.

Tether has had its trading volume $49.26 B over the past 24 hours. 18.71% of the overall volume has been contributed by the USDT/USD pair on Kraken.

USDT's current market cap is $68.25 B. The digital asset now accounts for approximately 6.05% of the total crypto market cap. This, however, is $135.46 B short of ETH, which is ranked 2 by market capitalisation.

USDT's 1 year high value of $1.01 was achieved on Nov 9, 2022. 1 year low, however, was marked at $0.9932 on Jul 18, 2022.

The current circulating supply is 68.18 B USDT.