Tether
USDTNot enough history yet.
Markets
0 markets · 0 chains| # | Market | Pair | Spread | 24h volume | Share | UK status |
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Source: our own reads, 6 Oct 2026. Spreads from exchange order books.
About USDT
What is it?
A digital pound on public blockchains. Each USDT is meant to be worth exactly £1 and can move between wallets in seconds.
What backs it?
Check the issuer's latest attestation for what backs each USDT, and how often it is published.
How do I get pounds back?
Redeem with the issuer for GBP, or sell on an exchange. Exchange prices can drift slightly from £1.
What could go wrong?
It loses its £1 peg. Prices can fall below £1 if markets doubt the backing. USDT's widest move in 90 days was —%.
The issuer fails. Not covered by the FSCS. Your claim depends on how the reserves are held.
You lose access. Lost keys or a failed app can mean lost coins. No password reset onchain.
Tax. Disposals can trigger capital gains tax, even on a pound-pegged coin.
About
What USDT is, in three answers
What is it?
A digital pound on public blockchains. Each USDT is meant to be worth exactly £1 and can move between wallets in seconds.
What backs it?
Check the issuer's latest attestation for what backs each USDT, and how often it is published.
How do I get pounds back?
Redeem with the issuer for GBP, or sell on an exchange. Exchange prices can drift slightly from £1.
What could go wrong
It loses its £1 peg
Prices can fall below £1 if markets doubt the backing. USDT's widest move in 90 days was —%.
The issuer fails
Not covered by the FSCS. Your claim depends on how the reserves are held.
You lose access
Lost keys or a failed app can mean lost coins. No password reset onchain.
Tax
Disposals can trigger capital gains tax, even on a pound-pegged coin.