Tether USD (Wormhole from Ethereum) USDTET · #575

$0.9997 +0.01% · 24h

Tether USD (Wormhole from Ethereum)

USDTET RANK #575

Live USDTET price, market data and on-chain stats. Updated 1d ago.

Price

$0.9997

24h

+0.01%

-0.12%

Prediction →

Market cap

$800.6K

24h volume

Circulating

800.8K USDTET

All-time high

$1.03

-3.1% from ATH

All-time low

—

01 · Price & performance

How Tether USD (Wormhole from Ethereum) is moving

Price chart

Source: Binance public klines (USDT pairs); long history from CoinPaprika. Hover for price + timestamp.

+0.01%

24H

+0.01%

-0.12%

30D

—

All

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02 · Markets

Where Tether USD (Wormhole from Ethereum) trades

Top exchanges and pairs by 24h volume. Filter by CEX vs DEX or spot vs derivatives.

Markets · 1 venues

#	Exchange	Pair	Price	24h Volume	Vol %	Updated
1	Raydium (CLMM) Spot	USDTET / USDT	$0.9999	$0	100.00%	1h ago

Data: CoinPaprika · refreshed every 5 min · Volume share calculated against the venues listed above.

How Tether USD (Wormhole from Ethereum) holds its peg

This article is for informational purposes only and does not constitute financial or investment advice. Stablecoin risk includes depeg events, custodian failure, and regulatory action. Always do your own research before making any investment decisions.

Sofia Petrov Stablecoins & Payments Reporter

Reviewed by Marcus Webb

Published May 24, 2026 · Last editorial review May 24, 2026

Mechanism

Tether USD (Wormhole from Ethereum) (USDTET) is a stablecoin trading at $0.9997 as of 2026-05-24, per CoinPaprika market data. Its design intent is to maintain a peg near $1.00; deviations greater than a few basis points are typically arbitraged within hours by market makers and integrated venues. The mechanism class (fiat-backed, crypto-collateralized, algorithmic, or hybrid) is documented on the issuer's site.

Reserve transparency

For any stablecoin, the primary risk question is whether reserves match the circulating supply and who attests to that match. The issuer of Tether USD (Wormhole from Ethereum) publishes attestations on its corporate site; we recommend reviewing the latest report before using the asset for size. Named auditors and Big Four attestations carry materially more weight than self-published proofs.

Regulatory posture

U.S. regulatory frameworks for stablecoins continue to evolve, with the GENIUS Act (passed July 2025) and the CLARITY Act (under Senate consideration) being the two pieces of legislation most likely to determine which stablecoin issuers operate at scale. Jurisdiction-by-jurisdiction posture matters: an issuer registered with NYDFS or under MiCA in Europe operates under different rules than an offshore issuer.

Depeg history

Every stablecoin has had at least one depeg event of meaningful magnitude. The events to look for are: duration (how long off-peg), magnitude (how far off), and recovery (how it was restored). For Tether USD (Wormhole from Ethereum), consult the on-chain price history at venues that quote in USDTET pairs and check whether the depeg coincided with broader market stress or a specific issuer event.

Frequently asked questions

Is Tether USD (Wormhole from Ethereum) backed 1:1?

Backing is what the issuer's attestations report. Reserve composition (cash vs. Treasury bills vs. crypto collateral) and the attestor's identity determine how much weight to assign that claim.

What happens if Tether USD (Wormhole from Ethereum) loses its peg?

Depegs are typically arbitraged within hours during normal market conditions. Sustained depegs (>24 hours, >50 basis points) usually correlate with specific issuer or counterparty events.

Where is Tether USD (Wormhole from Ethereum) regulated?

Check the issuer's jurisdiction of registration. Common regimes: NYDFS (New York), MiCA (EU), Singapore MAS, UK FCA. Offshore registration is not equivalent to onshore regulatory oversight.

How we cover stablecoins

Our stablecoin coverage focuses on mechanism, reserves, regulatory posture, and depeg history rather than price prediction. Stablecoins are not price-prediction assets. See methodology and editorial standards.

04b · Risk profile

Risk & considerations

Data-driven signals from current volatility, liquidity, and supply state.

Live risk signals

▲ Thin turnover: only 0.00% of market cap traded in 24h — slippage risk at size.
▲ ATH proximity: within 10% of all-time high — extension risk; pullbacks from this zone are often sharp.
▲ Long-tail rank: ranked #575 — wider spreads, higher execution risk, elevated delisting risk.
▲ No hard supply cap: issuance is uncapped or schedule-driven — understand emission rules before long-term sizing.
▲ General crypto risk: markets are volatile and capable of moves outside any model's expected range. Not financial advice.

07 · Deep dive

About Tether USD (Wormhole from Ethereum) (USDTET)

Background, tokenomics, use cases, risks, and how we cover this asset.

What is Tether USD (Wormhole from Ethereum)?

Tether USD (Wormhole from Ethereum) (USDTET) is an altcoin currently ranked 575th by market capitalization across all crypto assets we track. It trades alongside other digital assets across centralized and decentralized venues globally.

Market position

At the current price of $0.9997, Tether USD (Wormhole from Ethereum) carries a market capitalization of $800.63K. Daily trading volume across exchanges sits at roughly $0.01. That works out to a 24-hour turnover of about 0.00% of the float — lower than the broad crypto market average, suggesting limited short-term speculative flow.

Price action across timeframes

Over the past week, Tether USD (Wormhole from Ethereum) has moved -0.12%.

Cycle position

Tether USD (Wormhole from Ethereum) is currently trading near all-time high (all-time high of $1.03, -3.1% from peak). .

Supply & dilution

The circulating supply stands at 800,830 USDTET. There is no explicit cap on maximum supply — issuance follows a programmatic schedule defined in the protocol.

Volatility profile

Recent price action puts Tether USD (Wormhole from Ethereum) in the Low-volatility bucket. The asset has been relatively stable, with moves typical of large-cap, mature assets.

How to evaluate Tether USD (Wormhole from Ethereum)

A balanced read on USDTET typically considers three lenses:

Network & on-chain activity — does usage justify the valuation? Live activity (above) should ideally trend up over time.
Cycle position — current price relative to ATH (above) sets the risk/reward asymmetry. Closer to ATL is mathematically lower downside; closer to ATH is higher downside.
Comparable assets — how is USDTET performing against the broader crypto market (BTC, total market cap) and against peers in the same sector? The benchmarks chart on this page shows this directly.

This page combines live market data, on-chain stats where available, exchange-by-exchange volume, and our forecast model so you can answer those three questions in one place. Nothing on this page is investment advice — it's a structured starting point for your own due diligence.

Project description

Tether USD (Wormhole from Ethereum) (USDTET) is a stablecoin that maintains a 1:1 peg to the US dollar, facilitating seamless transfers and transactions across different blockchain networks via the Wormhole cross-chain protocol. Source: CoinPaprika.com

1 USDTET in fiat

EUR €0.919765

GBP £0.779801

JPY ¥153.96

INR ₹83.18

CAD C$1.36

AUD A$1.52

BRL R$5.07

NGN ₦1,545

PHP ₱56.49

ZAR R18.70

Approximate FX · USD reference

Key statistics

Rank: #575
Market cap: $800.6K
24h volume: $0
Vol / mcap: 0.00%
Circulating: 800.8K USDTET
All-time high: $1.03
All-time low: —

Updated 1d ago · CoinPaprika

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FAQ

Tether USD (Wormhole from Ethereum) essentials

What is Tether USD (Wormhole from Ethereum)? ▾

Tether USD (Wormhole from Ethereum) (USDTET) is a cryptocurrency currently ranked #575 globally by market capitalization ($800.6K). It has no fixed maximum supply (inflationary issuance). We update price, volume, and on-chain data for USDTET multiple times per day.

How much is Tether USD (Wormhole from Ethereum) worth today? ▾

USDTET is trading at $0.9997 as of May 25, 2026, with a 24-hour change of +0.01% and a 24-hour trading volume of $0. The price refreshes throughout the day; this page reads from our live data feed.

How far is Tether USD (Wormhole from Ethereum) from its all-time high? ▾

USDTET is currently -3.1% from its all-time high of $1.03. The all-time low recorded for USDTET was —.

Is Tether USD (Wormhole from Ethereum) a good investment? ▾

We do not give investment advice. What we publish is reported coverage of named analyst targets, on-chain data, and editorial analysis. Our forecast for USDTET is above on this page — it documents what specific named institutional analysts have published, with sources. Position-sizing depends on your individual risk tolerance, time horizon, and overall portfolio — talk to a fiduciary advisor before allocating capital.

Where can I buy Tether USD (Wormhole from Ethereum)? ▾

USDTET trades on most major centralized exchanges including Binance, Coinbase, Kraken, Bitstamp, OKX, Bybit, and Bitfinex. Decentralized exchange options depend on the asset's native chain. We don't earn referral fees on these venue mentions — they're listed by liquidity ranking. Consult the live markets table on this page for current venue volume data.

How do you forecast Tether USD (Wormhole from Ethereum) price? ▾

Our forecasting approach combines three inputs: (1) named institutional analyst targets we source and date by issuer, (2) a quantitative model that blends realized volatility and log returns across multiple horizons, and (3) editorial overlay from the desk reporter on this asset. We disagree with our own model when we have reason to — and we say so explicitly. Full methodology →

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How we cover USDTET

Daily price + on-chain refresh from Coinpaprika and Coin Metrics. Named-analyst targets cited only from tier-1 institutional research desks (Standard Chartered, Bitwise, JPMorgan, Bernstein, Galaxy Digital, Goldman Sachs). All sources linked.

Full methodology →

Editorial byline

Sofia Petrov

Stablecoins & Payments Reporter

Full profile →

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