Tether Price USDT

$1.00

0.00%

Buy Now

Price Information

1 Year Change

-0.10%

All Time High

$1.22 -17.75%

Volume 24h

85.8 B $ 6.93%

Market Cap

148.9 B $ 0.00%

Buy Now

Price Alert

Create a price alert and never miss the best entry time again

Set Price Alert

About Tether

USDT Price Pulse: What’s Moving It?

USDT, commonly known as Tether, remains firmly pegged to the US dollar, currently priced at $1.00 with a marginal 24-hour change of -0.02%. This negligible fluctuation underscores its primary function as a stablecoin designed to maintain a 1:1 value ratio with the USD. With a substantial market capitalization of approximately $148.9 billion, USDT continues to be one of the most widely used stablecoins in the cryptocurrency market. Its price stability is critical for traders and investors who require a reliable asset to hedge against the volatility often seen in other cryptocurrencies.

The slight dip in the 24-hour change may be influenced by routine market adjustments or minor shifts in demand and supply dynamics. Unlike other cryptocurrencies, USDT is less susceptible to wide price swings, as its value is backed by reserves and mechanisms intended to keep it stable. However, factors like market liquidity, regulatory news, and the overall health of the crypto ecosystem can exert subtle pressure on its price movements.

USDT Price Catalysts: Bull Case & Bear Case

Bull Case: The primary strength of USDT lies in its stability and widespread adoption. As one of the earliest and most trusted stablecoins, it benefits from high liquidity and extensive integration across exchanges and DeFi platforms. Increased adoption in cross-border transactions and institutional portfolios could further cement its market position, driving consistent demand that supports its $1 peg. Additionally, the continued expansion of the crypto market encourages more users to seek stable assets like USDT during periods of volatility, fostering steady price support.

Bear Case: On the flip side, regulatory scrutiny presents a significant risk to Tether. Concerns over its reserve transparency and potential legal challenges can undermine investor confidence, causing temporary instability. Moreover, the emergence of competing stablecoins with stronger backing or better compliance could erode USDT's dominant market share. In extreme cases, questions about its reserve adequacy might cause short-lived deviations from the $1 peg, generating uncertainty among traders and investors.

Frequently asked questions

Why is Tether going down right now?

The slight decline in Tether's price, currently at -0.02% over 24 hours, typically reflects minor market fluctuations rather than significant value change. Small dips can result from routine demand and supply shifts or brief market sentiment adjustments, but Tether generally maintains its dollar peg closely.

What is USDT and why does it stay close to $1?

USDT is a stablecoin pegged to the US dollar, designed to maintain a 1:1 value ratio. It does so by backing every Tether token with reserves and using mechanisms to stabilize its price, making it a reliable asset for crypto traders.

How does Tether’s market cap affect its stability?

A large market cap, currently around $148.9 billion, indicates widespread use and liquidity. This size helps maintain price stability as many exchanges and platforms depend on USDT for transactions and liquidity.

Can USDT lose its peg to the dollar?

While rare, USDT can experience slight deviations from the dollar peg due to market stresses or reserve concerns. However, mechanisms and reserve backing aim to quickly restore parity.

What risks should investors consider with Tether?

Key risks include regulatory challenges, transparency of reserve backing, and competition from other stablecoins. These factors can impact investor confidence and market stability.

How is Tether used in cryptocurrency trading?

USDT is widely used as a stable medium of exchange, allowing traders to hedge against volatility, move funds quickly between exchanges, and transact without moving into fiat currency.

Popular Tether Exchanges

View All

Binance is the world’s leading blockchain ecosystem, with a product suite that includes the largest digital asset exchange. Their mission is to be the infrastructure provider for crypto in tomorrow’s world.

Rating:

3.4

Reviews:

Bitpanda is a European neobroker on a mission to democratize the complex world of investing. With low fees, 24/7 trading and real-time settlement, Bitpanda empowers users to shape their financial futures - on their own terms.

Rating:

3.0

Reviews:

WhiteBIT is a centralized crypto exchange offering spot, margin trading & staking, with a strong focus on security & compliance. It was founded in 2018 and is registered in Lithuania, although it operates globally.

KuCoin is one of the world's top ten largest cryptocurrency exchanges, allowing you to buy, sell, and trade 700+ crypto assets.

Coinbase is a digital asset broker headquartered in San Francisco, offering exchanges of Bitcoin, Ethereum, and other crypto assets in 32 countries, and bitcoin transactions and storage in 190 countries worldwide.

Rating:

3.5

Reviews:

Gemini is a regulated cryptocurrency exchange, wallet, and custodian that makes it simple and secure to buy bitcoin, ether, and other cryptocurrencies. The company is expanding internationally into Europe and Asia.

Rating:

4.0

Reviews:

CoinJar is a platform for buying, selling, and managing Bitcoin and other cryptocurrencies. It caters to both everyday users and professional traders, offering user-friendly tools and ultra-competitive fees on the CoinJar Exchange. Among their products you can find a crypto wallet, exchange, and credit card.

Paybis enables you to buy bitcoin with Skrill, credit and debit cards instantly. They offer 24/7 customer service, serving millions of customers in 48 U.S. states and 180+ countries worldwide.

Bit2Me is a prominent Spanish crypto broker, established in 2014. With 230+ cryptocurrencies available, it provides a safe, user-friendly, and comprehensive trading experience, underpinned by its industry-leading customer service.

Rating:

4.4

Reviews:

CEX.IO is a global cryptocurrency exchange offering easy access to buy, sell, and trade crypto with fiat options, staking, lending, and a user-friendly app for beginners and pros alike.

Rating:

2.9

Reviews: