$0.999115up 0.03%₹94.86
AI sentiment 26 · Mildly bearishMarket cap
$182B
Volume (24h)
$40.3B
24h change
up 0.03%
Price in INR
₹94.86
Tether (USDT) is a stablecoin designed to stay worth one US dollar. It is issued by the company Tether, which says each token is backed by reserves, and it circulates on many blockchains, including Ethereum and TRON.
Explain Tether like I'm a beginner →It is designed to be, and usually trades very close to $1. Small deviations happen, and the peg depends on trust in Tether's reserves and its ability to redeem tokens.
We analyze recent news stories with AI and average the sentiment scores of stories that mention the coin over the last 24 hours. It reflects the tone of the news, not a price prediction.
Gains from selling or swapping Tether are taxed at a flat 30% plus 4% cess, a 1% TDS may be deducted on sales, and losses can't be set off against other income. Use our India crypto tax calculator for an estimate.