Tether Value Plummets 50% in 24 Hours Amid Market Volatility

The Tether (USDT) to UAE Dirham (AED) exchange rate on Bybit has plummeted by 50% over the past 24 hours. As of August 11, 2026, at 04:04 GMT+8, USDT is trading at approximately د.إ0.2722662687301636 AED per unit. This drastic decline in value comes after a significant increase in market volatility.

The circulating supply of Tether remains steady at 183B USDT, while its market capitalization stands at د.إ672.47B AED. The 24-hour trading volume has also seen a substantial decrease to د.إ128.65B AED. It is essential for investors to be cautious in this volatile market.