Tether Price USDT

$1.00

0.00%

Buy Now

Price Information

1 Year Change

-0.13%

All Time High

$1.22 -17.72%

Volume 24h

130.6 B $ -39.78%

Market Cap

177.5 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 (Tether) is a popular stablecoin designed to maintain a consistent price of approximately $1.00, providing stability in the often volatile cryptocurrency market. As of now, USDT’s price remains stable at $1.00 with a minimal 24-hour change of -0.02%, reflecting its inherent goal of price stability backed by reserves.

Despite its stability, slight fluctuations can occur due to changes in market demand or liquidity. Factors such as trading volumes on various exchanges, user confidence in Tether’s backing reserves, and broader macroeconomic events influencing crypto markets can cause small dips or rises. Currently, USDT’s market capitalization sits at a substantial $177.44 billion, marking it as one of the largest stablecoins by market cap, which underlines its heavy usage in facilitating trading and remittances in the crypto ecosystem.

USDT Price Catalysts: Bull Case & Bear Case

Bull Case: The main driver supporting USDT’s value is its intended peg to the US dollar, backed by reserves and Tether’s growing adoption across exchanges and DeFi platforms. Increased cryptocurrency trading activity often boosts demand for stablecoins like USDT as traders seek to quickly move funds in and out of volatile assets. Regulatory clarity and transparency from Tether Limited regarding their reserves could further strengthen investor confidence and usage.

Bear Case: Risks to USDT’s price stability stem from concerns about the adequacy and transparency of Tether’s reserves. Any negative news about asset backing or legal scrutiny can trigger loss of confidence, causing slight deviations from the $1 peg. Additionally, increasing competition from other stablecoins such as USDC or BUSD may impact USDT’s dominance. Systemic risks in the crypto market, including liquidity crunches or macroeconomic shocks, could precipitate more significant price instability.

Frequently asked questions

Why is Tether going down right now?

Tether’s slight decline in price, such as the current -0.02% change, is typically due to minor market fluctuations, demand supply imbalances, or brief liquidity changes. Since USDT aims to maintain a $1 peg, such small deviations don’t usually indicate a long-term fall but rather short-term trading dynamics.

What keeps USDT’s price stable?

USDT’s price stability is maintained by its backing assets, which are reserves held by Tether Limited. This backing allows each USDT token to be redeemable for roughly one US dollar, helping to keep its price anchored close to $1.

Is USDT a good investment for retail investors?

USDT is primarily used as a stable medium of exchange rather than for investment appreciation. It suits retail investors looking to avoid crypto volatility or move funds efficiently rather than those seeking price growth.

How does USDT compare with other stablecoins?

USDT is the largest stablecoin by market cap and is widely accepted, but alternatives like USDC and BUSD offer different reserve transparency standards and regulatory oversight, which some investors may prefer.

Can USDT lose its peg to the US dollar?

While designed to maintain a 1:1 peg, USDT can deviate temporarily due to market conditions or confidence issues. However, significant or prolonged loss of peg is rare and usually triggered by major reserve or regulatory problems.

Where can I buy or trade USDT?

USDT is available on most major cryptocurrency exchanges, including Binance, Coinbase Pro, Kraken, and others, making it easily accessible for retail investors worldwide.

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:

2.9

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: