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Tether USDt price

Tether USDt priceUSDT

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Price of Tether USDt today

The live price of Tether USDt is $1 per (USDT / USD) today with a current market cap of $141.97B USD. The 24-hour trading volume is $102.40B USD. USDT to USD price is updated in real time. Tether USDt is 0.03% in the last 24 hours. It has a circulating supply of 141,953,250,000 .

What is the highest price of USDT?

USDT has an all-time high (ATH) of $1.22, recorded on 2015-02-25.

What is the lowest price of USDT?

USDT has an all-time low (ATL) of $0.5683, recorded on 2015-03-02.
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Tether USDt price prediction

What will the price of USDT be in 2026?

Based on USDT's historical price performance prediction model, the price of USDT is projected to reach $1.17 in 2026.

What will the price of USDT be in 2031?

In 2031, the USDT price is expected to change by -3.00%. By the end of 2031, the USDT price is projected to reach $1.38, with a cumulative ROI of +38.27%.

Tether USDt price history (USD)

The price of Tether USDt is -0.04% over the last year. The highest price of USDT in USD in the last year was $1 and the lowest price of USDT in USD in the last year was $0.9969.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+0.03%$0.9994$1
7d+0.01%$0.9995$1
30d+0.05%$0.9976$1
90d+0.01%$0.9971$1
1y-0.04%$0.9969$1
All-time+0.02%$0.5683(2015-03-02, 9 years ago )$1.22(2015-02-25, 9 years ago )

Tether USDt market information

Tether USDt's market cap history

Market cap
$141,974,653,167.79
Fully diluted market cap
$143,592,215,266.66
Market rankings
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Tether USDt market

  • #
  • Pair
  • Type
  • Price
  • 24h volume
  • Action
  • 1
  • USDT/EUR
  • Spot
  • 0.9622
  • $5.85M
  • Trade
  • 2
  • USDT/BRL
  • Spot
  • 5.766
  • $585.86K
  • Trade
  • Tether USDt holdings

    Tether USDt holdings distribution matrix

  • Balance (USDT)
  • Addresses
  • % Addresses (Total)
  • Amount (USDT|USD)
  • % Coin (Total)
  • 0-10 USDT
  • 3.08M
  • 45.29%
  • 4.66M USDT
    $4.66M
  • 0.01%
  • 10-100 USDT
  • 2.26M
  • 33.23%
  • 91.39M USDT
    $91.38M
  • 0.12%
  • 100-1000 USDT
  • 1.1M
  • 16.25%
  • 335.81M USDT
    $335.76M
  • 0.43%
  • 1000-10000 USDT
  • 257.78K
  • 3.79%
  • 669.79M USDT
    $669.68M
  • 0.87%
  • 10000-100000 USDT
  • 71.4K
  • 1.05%
  • 2.3B USDT
    $2.3B
  • 2.97%
  • 100000-1000000 USDT
  • 22.31K
  • 0.33%
  • 6.51B USDT
    $6.5B
  • 8.42%
  • 1000000-10000000 USDT
  • 3.89K
  • 0.06%
  • 9.66B USDT
    $9.66B
  • 12.51%
  • 10000000-100000000 USDT
  • 399
  • 0.01%
  • 8.89B USDT
    $8.89B
  • 11.52%
  • 100000000-1000000000 USDT
  • 36
  • 0.00%
  • 14.14B USDT
    $14.13B
  • 18.30%
  • >1000000000 USDT
  • 9
  • 0.00%
  • 34.63B USDT
    $34.63B
  • 44.85%
  • Tether USDt holdings by concentration

    Whales
    Investors
    Retail

    Tether USDt addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
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    Tether USDt ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Tether USDt (USDT)

    What Is Tether?

    Tether (USDT) is a type of cryptocurrency known as a stablecoin. It is designed to maintain a steady value against the U.S. dollar, aiming to combine the benefits of blockchain technology with the relative stability of fiat currencies. This design intends to reduce the volatility typically associated with cryptocurrencies like Bitcoin and Ethereum.

    The concept behind Tether is simple: for every unit of Tether in circulation, there should be one U.S. dollar held in reserve by Tether Ltd., the company behind USDT. This 1:1 peg to the U.S. dollar means that theoretically, any holder of Tether should be able to redeem their USDT for an equivalent amount of U.S. dollars.

    In June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day.

    Resources

    Original Whitepaper: https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf

    Official website: https://tether.to/

    How Does Tether Work?

    Initially launched on the Bitcoin blockchain, Tether has since evolved significantly. It now exists as digital tokens on an impressive list of 12 major blockchains, including but not limited to Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine.

    The Blockchain Ledger and Tether's Centralization

    Like its cryptocurrency counterparts, all Tether transactions are transparently recorded on a blockchain. This decentralized ledger meticulously tracks all transaction history and is publicly accessible. However, it's crucial to note that Tether differentiates itself by being a centralized stablecoin. Its supply and operations are exclusively managed by Tether Ltd.

    By providing a reliable and transparent stablecoin option, Tether continues to play an important role in the broader cryptocurrency ecosystem.

    What Determines Tether's Price?

    Understanding what determines the current Tether price is crucial for anyone involved in the cryptocurrency market. Tether (USDT), often referred to as a stablecoin, aims to maintain a 1:1 peg with the U.S. dollar. This 1:1 peg is theoretically backed by reserves held by Tether Ltd., the company responsible for USDT.

    Factors Influencing Tether Price Stability

    However, the stability of Tether's 1:1 peg can be influenced by a multitude of factors including market sentiment, liquidity imbalances, and the overall health of the cryptocurrency ecosystem. For instance, in June 2023, the Tether USD price experienced a slight depeg due to Curve’s 3Pool liquidity imbalance. The USDT price dropped to as low as $0.996 before recovering, affecting Tether's price history.

    The Importance of Trust and Confidence

    Tether price data often serves as an indicator of the level of trust market participants have in the stablecoin. When Tether maintains its 1:1 peg, it signifies a balanced state of inflows and outflows. This also indicates confidence in the company's ability to maintain its reserves, impacting Tether price predictions. However, any change in the Tether coin price, even a slight one, can trigger market reactions.

    Market Reactions to Tether Price Changes

    For example, a depegging event can lead to increased Tether trading volumes as investors seek to capitalize on arbitrage opportunities or move their assets to other stablecoins or fiat currencies. On-chain metrics such as trading volume and token circulation can provide valuable insights into how the market is responding to changes in Tether's price.

    Regulatory Scrutiny and Tether Price Analysis

    Moreover, the Tether to USD price can also be influenced by regulatory scrutiny and the company's transparency regarding its reserves. Any discrepancies or uncertainties can lead to Tether price fluctuations. Despite occasional depegs, Tether has managed to maintain its dominant position in the stablecoin market. This suggests that its underlying blockchain technology and the broader cryptocurrency ecosystem continue to support its value proposition.

    The Need for Constant Monitoring

    Therefore, keeping an eye on real-time Tether price, regulatory updates, and market sentiment can offer valuable insights into the stablecoin's stability and reliability. By understanding the factors that influence Tether's price, you can make more informed decisions in your cryptocurrency investments.

    What Makes Tether Valuable?

    Fiat Currency Alternative

    USDT has emerged as a prominent alternative to fiat currency in the digital world, especially in countries with unstable currencies or strong capital controls. Because USDT is pegged to the U.S. dollar, it has become a go-to for individuals looking to preserve value, execute international transactions, or bypass traditional banking systems.

    Price Discovery and Stability

    Due to its peg to the dollar, USDT serves as a benchmark for price discovery in cryptocurrency markets. Its stability offers a contrast to the often volatile nature of cryptocurrencies. This has given confidence to traders and investors, especially those who might be skeptical about the fluctuating nature of cryptocurrencies.

    Increased Liquidity

    USDT provides exchanges and traders with additional liquidity. Its easy convertibility means traders can switch between USDT and other cryptocurrencies quickly, aiding in efficient price discovery and trade execution.

    Gateway to Other Cryptocurrencies

    For many, USDT serves as the primary point of entry into the crypto world. Many cryptocurrency exchanges don’t allow direct fiat to crypto trading due to regulatory concerns. USDT offers a solution, enabling traders to first purchase USDT with fiat and then use USDT to trade other cryptocurrencies.

    Influence on Decentralized Finance (DeFi)

    Tether's role in the decentralized finance sector cannot be underestimated. With its stability, USDT has become a preferred collateral option in various DeFi platforms. It has enabled lending, borrowing, and yield farming activities, acting as a bedrock for various DeFi protocols.

    Potential for Mainstream Adoption

    As businesses become more accepting of cryptocurrencies, USDT, with its inherent stability, has the potential to become widely accepted for daily transactions, bridging the gap between traditional finance and the crypto world.

    Controversies and Concerns Surrounding Tether

    While Tether (USDT) serves as a keystone in the cryptocurrency landscape, it has also been a magnet for controversy and skepticism. One of the most persistent issues revolves around transparency—specifically, whether Tether Ltd. holds sufficient U.S. dollar reserves to back e ach USDT token in circulation. This concern has even caught the attention of regulatory authorities.

    Legal Proceedings and Transparency

    In 2020, a landmark settlement was reached between Tether Ltd., its affiliate Bitfinex, and the New York Attorney General’s Office. The lawsuit had alleged that the companies concealed an US$850 million loss of customer funds. To settle these allegations, both Tether Ltd. and Bitfinex agreed to pay an US$18.5 million penalty and commit to greater transparency by providing quarterly reports on Tether's reserves.

    Conclusion

    Tether has indisputably revolutionized the cryptocurrency market by creating a stable digital alternative to the U.S. dollar. It offers a multitude of advantages, including enhanced market liquidity and a safe haven during periods of extreme crypto volatility. However, prospective and current users must exercise due diligence. The questions surrounding its reserve transparency and legal challenges warrant careful consideration.

    Related Articles about Tether

    What is Tether (USDT)?

    Bitget x Tether: The Gateway To Real-World Assets

    The Tether Depeg in Summer 2023: What Happened to USDT?

    Tether USDt Social Data

    In the last 24 hours, the social media sentiment score for Tether USDt was 3.1, and the social media sentiment towards Tether USDt price trend was Bullish. The overall Tether USDt social media score was 16,147,292, which ranks 5 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Tether USDt being mentioned with a frequency ratio of 2.5%, ranking 11 among all cryptocurrencies.

    In the last 24 hours, there were a total of 64,849 unique users discussing Tether USDt, with a total of Tether USDt mentions of 26,442. However, compared to the previous 24-hour period, the number of unique users decrease by 1%, and the total number of mentions has decrease by 19%.

    On Twitter, there were a total of 597 tweets mentioning Tether USDt in the last 24 hours. Among them, 15% are bullish on Tether USDt, 11% are bearish on Tether USDt, and 73% are neutral on Tether USDt.

    On Reddit, there were 419 posts mentioning Tether USDt in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 8% .

    All social overview

    Average sentiment (24h)
    3.1
    Social media score (24h)
    16.15M(#5)
    Social contributors (24h)
    64.85K
    -1%
    Social media mentions (24h)
    26.44K(#11)
    -19%
    Social media dominance (24h)
    2.5%
    X
    X posts (24h)
    597
    -47%
    X sentiment (24h)
    Bullish
    15%
    Neutral
    73%
    Bearish
    11%
    Reddit
    Reddit score (24h)
    513
    Reddit posts (24h)
    419
    -8%
    Reddit comments (24h)
    0
    0%

    How to buy Tether USDt(USDT)

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    Tether USDt news

    Tether CEO: Lost Bitcoin Will Be Hacked and Reintroduced
    Tether CEO: Lost Bitcoin Will Be Hacked and Reintroduced

    Some in the community believe the topic deserves more serious discussion.

    Altcoinbuzz2025-02-12 18:44
    Avalon Labs Considers First Bitcoin-Backed Debt Public Fund, Targeting Retail Investors
    Avalon Labs Considers First Bitcoin-Backed Debt Public Fund, Targeting Retail Investors

    This effort is part of Avalon Labs' strategy to expand its Bitcoin lending business in the US and provide broader access to crypto for retail investors.

    CryptoNews2025-02-12 18:33
    Ethereum weekly revenue ranking slips to 17th place, as Tether holds strong
    Ethereum weekly revenue ranking slips to 17th place, as Tether holds strong

    Share link:In this post: Ethereum fell to 17th place in terms of weekly revenue rankings, according to DeFiLlama’s data. The data also showed that the BullX Telegram bot, in 10th place, had generated more revenue in the past 7 days than the entire Ethereum base chain. Stablecoins issuer Tether remained at the top of the revenue list, raking in $18.13M in the last 24 hours and about $128.5M in the past week.

    Cryptopolitan2025-02-12 17:44
    More Tether USDt updates

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    FAQ

    What is a stablecoin?

    A stablecoin is a cryptocurrency designed to have a stable value. Unlike highly volatile cryptocurrencies such as Bitcoin, its value is pegged to reserves or assets like the US dollar or gold. The aim is to offer the stability of fiat currencies and the advantages of cryptocurrencies, like secure and seamless cross-border transactions.

    What is Tether (USDT) and how is its price determined?

    Tether (USDT) is a type of cryptocurrency known as a stablecoin. Its price is designed to be pegged to the value of a fiat currency, most commonly the US dollar. This means that 1 USDT is generally equivalent to 1 USD. The price stability is achieved by Tether Limited claiming to hold reserves in a 1:1 ratio to the USDT tokens in circulation.

    How can Tether maintain its peg to the US dollar?

    Tether Limited, the company behind USDT, claims to hold a reserve of US dollars (or equivalent assets) in a bank account for every USDT issued. By ensuring that they have the necessary reserves and through buyback mechanisms, they aim to maintain the 1:1 peg.

    Why is USDT's price sometimes slightly above or below US$1?

    While USDT aims to maintain a 1:1 peg with the US dollar, minor fluctuations can occur due to supply and demand dynamics in the market, arbitrage opportunities, and market sentiment. For example, in June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day. During times of high volatility in the crypto market, traders may flood into or out of USDT, which can cause short-term deviations from the US$1 peg.

    How does Tether differ from other stablecoins?

    While Tether (USDT) is one of the most popular and widely recognized stablecoins, there are other stablecoins in the market like USDC, DAI, and PAX. The main difference is the issuing entity and the transparency mechanisms. For example, USDC is issued by Circle and Coinbase and provides more frequent attestations of their reserves. DAI, on the other hand, is a decentralized stablecoin backed by cryptocurrency collaterals rather than fiat.

    Can I redeem USDT directly for USD?

    In theory, Tether tokens can be redeemed for USD through the Tether platform, but in practice, most users trade USDT on cryptocurrency exchanges. It's important to note that redemption policies and processes can change, so always check the official Tether platform or your exchange for the latest information.

    What is the current price of Tether USDt?

    The live price of Tether USDt is $1 per (USDT/USD) with a current market cap of $141,974,653,167.79 USD. Tether USDt's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Tether USDt's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Tether USDt?

    Over the last 24 hours, the trading volume of Tether USDt is $102.40B.

    What is the all-time high of Tether USDt?

    The all-time high of Tether USDt is $1.22. This all-time high is highest price for Tether USDt since it was launched.

    Can I buy Tether USDt on Bitget?

    Yes, Tether USDt is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Tether guide.

    Can I get a steady income from investing in Tether USDt?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Tether USDt with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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    Cryptocurrency investments, including buying Tether USDt online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Tether USDt, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Tether USDt purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    Exclusive Interview with Jambo Co-founder James Zhang: The "J Economy" in Emerging Markets, the On-chain "APP Store" for One Billion Users
    Author: John, ForesightNews "The Democratic Republic of the Congo," many people may first hear about this country in the "Weird Little Countries" series by Bilibili UP master Xiao John Khan. As a third-generation Chinese rooted in Africa, James Zhang grew up in the Democratic Republic of the Congo, a country intertwined with poverty and turmoil. Therefore, he understands better than anyone the survival rules in underdeveloped regions of the world—under a youth unemployment rate that often reaches double digits and daily incomes of just a few dollars, any narrative, including Web3, must shed its idealistic facade and become a sharp blade that can cut through bread. In simple terms, African users do not care about ZK-Rollup or modular narratives; they only ask three questions: Can it be cheaper? Is the phone durable? How much can I earn? So under the label of "Africa + smartphones," what Jambo aims to do is not simply map to a "Web3 version of Transsion," but rather, when other crypto phones anchor the elite market at hundreds or thousands of dollars, choose to tear open the fissures of the third world with the $99 JamboPhone: from Africa to Southeast Asia, then to Latin America, and ultimately covering global users, leading everyone to enter Web3 with lower costs and lower barriers. This also reminds me of an important point about Transsion's initial success in Africa, which was its ability to better serve the localized needs of Black users, including the clear identification of selfies—this is another practice of following the mass line and surrounding the city from the countryside. James Zhang repeatedly emphasized in an exclusive interview that when he first encountered crypto technology, he immediately understood that blockchain is not just a financial speculation tool, but a means of "empowerment": it can help at least hundreds of millions of ordinary users bypass traditional financial restrictions and truly enter the global digital economy system. In his view, "what Jambo is doing is precisely bringing a new user group into the Crypto space, rather than competing among existing users." To some extent, JamboPhone is striving to form a capillary network in the decentralized era, thereby reaching hundreds of millions of new users. Finally, James Zhang added, "JamboPhone is not just a phone—it's a movement. We are not competing for existing crypto users, but bringing the next billion people into Web3." This is indeed true; since the concept of Web3 was born, it has carried the gene of inclusiveness. From this perspective, Crypto should not be a playground for speculators, but a springboard for users in underdeveloped regions to leap over financial hegemony and economic system barriers. Especially in regions like Latin America, Southeast Asia, and Africa, where the traditional financial market and economic system are inverted, they are precisely nurturing the coordinates of the main battlefield for the Web3 industry in the next decade. The journey has just begun. Foresight News: I see that your personal background is quite diverse—your ancestral home is in Zhejiang, China, your family has been rooted in Africa for three generations, and you grew up in the Democratic Republic of the Congo. How has this cross-cultural upbringing shaped your worldview? Was there a moment in your childhood that made you realize the value of "connecting different worlds"? James Zhang: Yes, growing up in the Democratic Republic of the Congo as a person of Chinese descent has indeed given me a very different understanding of "Connection," especially in daily life and work in Africa, where I have witnessed many communities still constrained by traditional banking systems, with many unable to use digital tools to solve financial problems. This has also strengthened my belief that technology, especially decentralized systems, can build bridges and create new possibilities where there were previously none. The power of "connecting different worlds" can change countless lives. Foresight News: Has the relatively turbulent and underdeveloped living environment in Africa influenced and shaped your understanding of financial inclusiveness? What opportunities led you to the crypto industry and to fully dedicate yourself to founding Jambo? James Zhang: Absolutely. Seeing many communities relying on cash economies, constrained by inflation and economic instability, made me more aware of the urgency of building an inclusive financial system. Especially when I first encountered crypto technology, I realized that blockchain is not just a financial speculation tool, but a means of "empowerment": Cryptocurrencies can provide financial services to the unbanked, enable near-zero-cost cross-border transactions, and create income opportunities through decentralized networks. It is precisely for this reason that I decided to fully commit to this mission, which also became the impetus for Jambo's birth. So when we discovered that the prevalence of mobile devices was the main bottleneck for Web3 adoption, we decided to focus on developing a powerful smartphone priced at just $99 to support cutting-edge crypto application scenarios and break this bottleneck. Foresight News: When recruiting core members for Jambo, do you also place special emphasis on multicultural traits? What type of talent is currently in high demand? James Zhang: Undoubtedly, Jambo's core philosophy is to achieve global inclusiveness, so we particularly value the cultural diversity and cross-cultural understanding of our team members. For instance, team members who understand different economic backgrounds and lifestyles can help us better design products and solutions that meet global market needs. Currently, we are particularly in need of engineers skilled in blockchain infrastructure, emerging market operations experts, and product designers who can simplify the interaction experience for Web3 newcomers. We also hope to combine different perspectives and professional skills through a diverse team to accelerate the global spread of inclusive finance, truly allowing more people to enjoy the conveniences brought by decentralized technology. Foresight News: JamboPhone allows many emerging market users to access smartphones and benefit from the crypto economy for the first time. How does it translate complex Web3 concepts (like private keys and cross-chain) into intuitive operations in its design? James Zhang: From the very beginning, JamboPhone was designed with ease of use at its core. We integrated multi-chain wallets, a simplified DApp store, and an intuitive onboarding process to eliminate the barriers to using Web3. This allows users to enjoy all functionalities running seamlessly in the background without needing to understand the complexities of crypto technology. Our ultimate goal is to make the Web3 experience as natural as traditional mobile applications. Foresight News: JamboPhone is positioned as an entry point for financial inclusiveness in emerging markets. How does it address the specific challenges faced by users in regions like Africa when accessing financial services? James Zhang: JamboPhone aims to eliminate financial barriers in emerging markets by providing an affordable smartphone that natively supports cryptocurrencies and integrates Web3 services. As we know, many users in Africa, Southeast Asia, and Latin America cannot access traditional banking services. JamboPhone offers secure asset storage, remittance, and decentralized finance (DeFi) participation through its built-in multi-chain wallet. It not only enables low-cost cross-border transactions but also creates profit opportunities for users through interaction and gaming. We believe that by combining affordability, accessibility, and financial empowerment, JamboPhone helps at least hundreds of millions of users bypass traditional financial restrictions and enter the global digital economy. In a sense, these users are the ones who most need the "empowerment" of cryptocurrencies. What Jambo is doing is precisely bringing a new user group into the Crypto space, rather than competing among existing users. For example, our collaboration with Tether/USDT and Solana provides users with savings opportunities denominated in USD, while leveraging Solana's low transaction fees allows users to conduct cross-border transactions at almost zero cost. This is changing the lives of people in regions with severe inflation and difficult capital circulation. Foresight News: Regarding the current state of Jambo's business development, are there any data dimensions (like JamboPhone user coverage, hardware network scale, ecosystem partners, etc.) that you can share? James Zhang: As of now, JamboPhone has sold over 800,000 devices in more than 128 countries/regions, created over 9.5 million wallets, and built an on-chain mobile network with unprecedented decentralized potential. This rapid adoption rate, to some extent, also confirms the strong market demand for a Web3-native mobile experience. Foresight News: With a starting price of just $99, significantly lower than other crypto phones, JamboPhone is clearly more friendly to the mass market. How does it find a balance between cost and performance (through supply chain scaling or ecosystem subsidies)? James Zhang: The core of this question is that what we want to do is not just sell a phone, but provide users with a brand new, affordable Web3 experience. To achieve this, Jambo has established close strategic partnerships with top global electronics manufacturers, leveraging economies of scale to reduce costs while optimizing the supply chain through large-scale component procurement agreements, ensuring that we can keep prices truly affordable while maintaining high performance. We also adopted a vertically integrated approach, eliminating many redundant intermediaries and controlling the efficiency of production, distribution, logistics, and other aspects, which ultimately allows us to bring this highly cost-effective phone to market, achieving our ultimate goal—enabling more people to access Web3 technology rather than turning it into a luxury item limited to a select few. Foresight News: To some extent, the EarnDrop model relies on ecosystem partners to subsidize rewards. How do you plan to avoid user loss due to reduced rewards in the long term? Is there a long-term sustainable revenue mechanism in place? James Zhang: In fact, the EarnDrop model is fundamentally different from traditional passive airdrops. We do not want users to just take the rewards and leave; rather, we want them to earn tokens through deep participation in Web3 activities. Therefore, this token distribution method combines staking incentives and loyalty rewards, encouraging users to hold long-term rather than just obtaining rewards once. Additionally, on JamboPhone, token distribution is tied to each unique physical device, which helps prevent Sybil attacks and ensures that tokens flow to real users rather than bots. For example, in our collaboration with Matr1x, we airdropped FIRE tokens to holders in the Jambo community, and 30 days after the event ended, the token holding rate remained above 70%. This indicates that the participating users genuinely intend to hold long-term rather than just engaging for short-term rewards. We believe that a long-term sustainable revenue mechanism must rely on users' genuine participation and continuous contributions to the ecosystem, rather than solely depending on external rewards and subsidies. Foresight News: How does Jambo benefit from the pre-installed applications on each device, and what impact does this have on user retention and ecosystem growth? James Zhang: Pre-installing Web3 applications is a significant advantage for Jambo. It greatly enhances user conversion rates while effectively reducing customer acquisition costs (CAC). Unlike traditional smartphones that rely on centralized app stores, JamboPhone users can directly access a complete Web3 ecosystem right after powering on the device. This "built-in accessibility" not only reduces user churn but also enhances their daily interactions, such as staking, DeFi, gaming, and earning activities, all of which significantly boost user retention. For Web3 developers, Jambo also provides a zero CAC distribution channel, meaning they can attract new users at a very low cost, rapidly expand the ecosystem, and build a high-quality user base. For instance, Sleepagotchi has a retention rate among Jambo users that is 50% higher than through other channels, which demonstrates the effectiveness of pre-installed applications, appealing to users and laying the foundation for long-term ecosystem growth. Foresight News: Jambo involves both hardware and software experiences, effectively occupying a major entry point for users into Web3. How does this unique positioning enhance user engagement and long-term retention? James Zhang: The combination of hardware and software is indeed a unique advantage. By controlling the mobile hardware layer, Jambo achieves deep integration of Web3 applications with the mobile experience, allowing users to interact directly with Web3 anytime and anywhere. Unlike standalone DApps that face challenges in user discovery and retention, JamboPhone provides seamless access to wallets, DeFi, and decentralized applications from the moment it is powered on. This continuous interaction greatly enhances user retention and ecosystem participation. More importantly, as a hardware product, Jambo monetizes through various touchpoints such as transactions, application discovery, and DePIN infrastructure. By controlling these access and interaction points, we can provide users with a smoother and more coherent Web3 experience, ultimately building a highly sticky and high-value ecosystem. Foresight News: We also see that Jambo's main investors include top VCs like Paradigm, Pantera Capital, Delphi Ventures, Coinbase Ventures, and Tiger Global. Besides providing financial support, what strategic support do they offer to Jambo, and how does Jambo plan to leverage the investor network to accelerate global expansion? James Zhang: The support from investors like Paradigm, Pantera, and Coinbase Ventures goes far beyond financial assistance. They bring valuable industry insights, ecosystem resources, and global strategic guidance to Jambo. These top VCs not only believe in our vision but also provide crucial support in market expansion, product optimization, and accelerating global layout. At the same time, through their networks and resources, we can quickly enter emerging markets and expand partnerships, especially in key regions like Africa, Southeast Asia, and Latin America. More importantly, they help us establish trust within the industry, further strengthening Jambo's position in the global Web3 ecosystem. In the future, we will continue to rely on the support of these investors, utilizing their global networks and industry resources to accelerate Jambo's expansion worldwide, providing more users with high-quality Web3 experiences. Foresight News: Compared to mainstream smartphones that require downloading crypto wallets and Web3 applications, what irreplaceable advantages does a blockchain phone with built-in Web3 applications have? Where do you see its competitiveness, and what role does Jambo want to play in this? James Zhang: The irreplaceable advantages of JamboPhone compared to mainstream phones primarily lie in its ability to break free from the constraints of Apple's and Google's closed ecosystems—traditional smartphones rely on app stores where developers have to pay commissions as high as 30%, and Web3 functionalities face various restrictions, such as access permissions to DApps. In contrast, JamboPhone features a built-in native crypto application store, allowing users to directly access DApps, DeFi platforms, and NFT markets without any permissions. It is also equipped with multi-chain wallets, native token rewards, and on-chain identity verification features, enabling users to enjoy lower costs while truly owning their digital assets and fully experiencing the global crypto economy. In short, JamboPhone breaks the limitations of traditional smartphones, bringing Web3 into the daily lives of mainstream users. By eliminating dependence on centralized app stores, JamboPhone opens the door to a decentralized internet, helping users participate in the global crypto economy more conveniently and at lower costs. Foresight News: I heard that Jambo is actively collaborating with leading exchanges. What exclusive products or partnership developments can users expect in the near future (such as customized phones or integrated Web3 services)? James Zhang: Jambo will collaborate with top exchanges to launch a customized version of JamboPhone, pre-installed with trading applications and offering exclusive benefits, such as instant account opening, fee discounts, and enhanced security features. These integrations will support direct asset exchanges, staking, and DeFi access on the device, while providing fiat on-ramp channels for emerging markets. In the past year, applications from OKX and Coinbase have already been pre-installed on JamboPhone, helping us become important partners in their expansion into emerging markets. Additionally, JamboPhone will incorporate an airdrop mechanism integrated with exchanges. We have already implemented this feature in our own token. By merging mobile technology with exchange services, Jambo is creating a safer and more convenient Web3 entry point for global users, helping more users seamlessly access the decentralized finance ecosystem. Foresight News: We see that Jambo plans to connect global JamboPhone users via satellite. Does this mean that in the future, users will be able to use Web3 services without relying on traditional networks? How will this technology complement existing mobile networks? James Zhang: That's right. Our goal is to establish a truly decentralized mobile network. Through satellite connections, JamboPhone users can easily access Web3 services regardless of whether they are in remote areas or places without access to traditional telecom infrastructure. I believe this will be a disruptive breakthrough for financial inclusiveness, bringing unprecedented financial opportunities to more users globally, especially complementing existing mobile networks to ensure stable Web3 access in areas where traditional networks cannot reach, providing broader services for global users. Foresight News: How will the J token fully integrate into the Jambo ecosystem and user incentive system by 2025? How do you plan to avoid the token becoming a speculative tool? James Zhang: The J token will become the core fuel of our ecosystem, used for staking, governance, payments, and user incentives. We are building a token economy that rewards real users rather than speculators, ensuring the long-term value of the J token. By providing users with actual incentive mechanisms, such as long-term holding rewards and participation mechanisms, we are committed to creating a sustainable, user-driven economic system. We hope that the J token will not only promote the popularization of Web3 but also realize true value among the groups that need it most, bringing more opportunities and changes.
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    Cardano News: Grayscale Files for First-Ever Spot Cardano ETF
    Grayscale is filing for the first-ever spot Cardano ETF in the U.S. This step was made official through a 19b-4 form submission to the SEC, marking Grayscale’s ambitious push to expand institutional access beyond Bitcoin and Ethereum. This filing also happens to be the 60th crypto ETF application of the year, reflecting the fast-paced evolution of crypto in traditional finance. By filing for a spot Cardano ETF, Grayscale aims to bring ADA directly into the U.S. spot ETF market for the first time ever. The 19b-4 form is a crucial step, acting as a formal request to the SEC for a rule change that would allow ADA to be listed on an exchange. However, even if this hurdle is cleared, an effective S-1 registration statement will still be required before trading can officially begin. The market wasted no time reacting to the news. ADA surged nearly 14% within 24 hours of the announcement, reaching $0.80 as of February 11. While this is a strong rally, ADA remains 76% below its all-time high of $3.10 from September 2021. Still, the price movement signals strong investor optimism around the potential for altcoin ETFs to gain mainstream traction. ADA/USDT 1-day chart - Bitget Grayscale's filing isn't an isolated event—it's part of a much larger trend. Bloomberg ETF analyst Eric Balchunas highlighted that this is approximately the 60th crypto ETF filing this year alone, underlining the aggressive pace at which asset managers are racing to get regulatory approvals. This surge in applications comes amid shifting regulatory dynamics, especially with the SEC's evolving stance on crypto ETFs. According to Bloomberg analysts James Seyffart and Eric Balchunas, the odds look promising for other altcoin ETFs as well. They estimate a 90% chance of approval for a Litecoin ETF and 70% for Solana , both of which have pending 19b-4 filings. Final decisions are expected on October 2 for Litecoin and October 25 for Solana. Additionally, the odds of XRP and Dogecoin ETFs being approved stand at 65% and 70%, respectively.
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    Binance Goes Big on Stablecoins, Dumps Billions in Bitcoin & ETH
    Binance has significantly reduced its Bitcoin (BTC) and Ethereum (ETH) holdings, converting a large portion of these assets into the stablecoin USDC. According to data shared by AB Kuai Dong, between January and February 2025, Binance’s BTC reserves fell from 46,896 to 2,747 (-94.1%). At the same time, its ETH holdings dropped from 216,313 to 175 (-99.9%). At Bitcoin’s present price of $98K, the converted 44,149 BTC amounts to $4.32 billion. Likewise, the liquidated ETH tokens amount to approximately $584 million at $2,700 per coin. The move appears to be a strategic asset conversion rather than a liquidity crisis. According to Colin Wu, Binance’s holdings shift mirrors previous instances in June 2023 and February 2024, when the exchange reportedly made similar moves. Notably, the majority of Binance’s converted assets have been moved into USDC, with its holdings increasing by 57.5%. Meanwhile, Binance’s native token, BNB, saw only a 16.6% reduction. Related: Binance Impounds 94% of $12.5M Funds Stolen from Abducted Execs Other assets, including Solana (SOL) and Tether (USDT), also saw significant reductions of 99% and 99.9%, respectively. FDUSD holdings were cut by 53.4%. While Binance has not issued an official statement on the reason for the asset shift, industry experts speculate that it could be part of a profit-accrual strategy or a precautionary measure in response to regulatory uncertainties. Looking back, similar large-scale asset conversions occurred in June 2023, when Binance paid regulatory fines, and later in February 2024, though the reasons weren’t clear. Some analysts believe these moves are just part of Binance’s overall financial strategy, making sure they have cash on hand while dealing with operational risks. Worth noting, Dong clarified that the funds were Binance’s past revenue, not customer funds. Related: Binance-WazirX Feud Escalates: Users Demand Clarity Over Frozen Funds In a related development, the U.S. Securities and Exchange Commission (SEC) and Binance have jointly filed a motion to pause their ongoing lawsuit for 60 days. This request suggests the SEC’s newly formed crypto task force could be a factor in ironing out the case about security law violations. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
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