Tether (USDT) is trading at $0.9997 down 0.01% over the past 24 hours. Its Galaxy Score is 51.0, LunarCrush's combined measure of market and social performance. Over the last 24 hours it has seen 7.9M engagements and 1.6K posts with 19% positive social sentiment.
AI summary: Tether (USDT) is the largest dollar-pegged stablecoin by market cap and a cornerstone of crypto's settlement infrastructure across multiple blockchains. USDT is pinned at $1.00 because the KPMG audit confirming reserves exceed liabilities reinforced redemption confidence, while cross-chain liquidity buffers on Ethereum, Solana, Arbitrum, and TRON absorbed the $3B mint/$2B burn shock without arbitrage pressure; the volume surge to ~$110B reflects repositioning and exchange activity around the supply events rather than peg stress.