Tether Price USDT

$1.00

0.03%

Buy Now

Price Information

1 Year Change

-0.07%

All Time High

$1.22 -17.73%

Volume 24h

108.6 B $ 31.86%

Market Cap

148.9 B $ 0.03%

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, is a leading stablecoin pegged to the US dollar, maintaining a price close to $1.00. Over the past 24 hours, USDT has experienced a minimal price change of 0.03%, reflecting its primary design as a stable digital asset. The current market capitalization stands at approximately $148.89 billion, making it one of the most significant players in the stablecoin and broader cryptocurrency markets. The stability of USDT’s price is largely influenced by its utility as a medium of exchange and store of value within the crypto ecosystem. Factors affecting USDT’s price movement typically involve supply and demand dynamics in crypto trading, changes in regulatory sentiment around stablecoins, and confidence in Tether’s reserve backing.

USDT Price Catalysts: Bull Case & Bear Case

The bull case for USDT is centered around its dominant role in facilitating seamless crypto trades and providing liquidity. As the crypto market grows, demand for stablecoins like USDT to hedge against volatility and enable quick transactions increases, potentially supporting steady growth in market cap or sustained price stability. Additionally, advancements in transparency and reserve audits could enhance investor confidence, reinforcing USDT’s market position. Conversely, the bear case involves regulatory scrutiny and concerns over the adequacy of USDT’s reserves, which have periodically sparked skepticism. Heightened regulations targeting stablecoins or loss of trust in Tether’s backing could trigger sell-offs or reduced adoption. Moreover, competition from other stablecoins and central bank digital currencies (CBDCs) poses a threat to USDT’s market share, which could impact its long-term stability and usage.

Frequently asked questions

Why is Tether going up right now?

Tether’s slight price increase of 0.03% reflects minor demand fluctuations in the crypto market, often driven by traders seeking stability or liquidity during volatile periods in other cryptocurrencies.

What makes USDT different from other cryptocurrencies?

Unlike cryptocurrencies that experience high volatility, USDT is a stablecoin pegged to the US dollar, designed to maintain a consistent price of approximately $1, offering a stable medium of exchange within the crypto ecosystem.

Is USDT a safe investment?

USDT is generally considered a low-risk digital asset due to its stable price, but risks related to regulatory scrutiny and reserve transparency remain. It is best used as a tool for stability and liquidity rather than high-yield investment.

How does Tether maintain its $1 price peg?

Tether maintains its peg by holding reserves in fiat currencies and assets equivalent to the amount of USDT in circulation, allowing users to redeem USDT for US dollars at a 1:1 ratio.

What factors could cause USDT to lose its peg?

USDT could lose its peg if there is a significant loss of confidence in Tether’s reserves, regulatory actions restricting stablecoin use, or market events causing sudden mass redemptions beyond their reserve capacity.

How does USDT’s market cap affect its stability?

A large market cap, like USDT’s $148.89 billion, indicates widespread adoption and liquidity, which supports its ability to maintain stability and meet redemptions efficiently within the market.

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:

Figure Markets is a new crypto trading platform where users fully control their own funds, with low trading fees and up to 8% interest on stablecoins.

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: