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    Tether USDt

    Tether USDt priceUSDT

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    1 USDT = 1 USD
    Last updated 2024-07-23 05:02:34(UTC-0)
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    Tether USDt price live data summary

    The live price of Tether USDt is $1 per (USDT / USD) today with a current market cap of $114.26B USD. The 24-hour trading volume is $52.24B USD. USDT to USD price is updated in real time. Tether USDt is +0.00% in the last 24 hours. It has a circulating supply of 114,240,220,000 .

    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

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    What will the price of USDT be in 2025?

    Based on USDT's historical price performance prediction model, the price of USDT is projected to reach $1.61 in 2025.

    What will the price of USDT be in 2030?

    In 2030, the USDT price is expected to change by -5.00%. By the end of 2030, the USDT price is projected to reach $2.76, with a cumulative ROI of +175.97%.
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    Tether USDt price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +0.00%-0.03%+0.06%+0.02%+0.02%+0.02%
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    Tether USDt price history in USD

    TimeLowHigh
    24h$0.9998$1
    7d$0.9996$1
    30d$0.9972$1
    90d$0.9972$1
    1y$0.9972$1
    All-time$0.5683(2015-03-02, 9 years ago )$1.22(2015-02-25, 9 years ago )
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    Tether USDt market information

    Market cap
    $114,262,214,199.42
    +0.00%
    Fully diluted market cap
    $117,094,705,725.39
    +0.00%
    Volume (24h)
    $52,235,090,693.34
    -3.31%
    Market rankings
    Circulation rate
    +97.00%
    24h volume / market cap
    0.4571
    Circulating supply
    114,240,220,000 USDT
    Total supply / Max supply
    117.07B USDT
    -- USDT
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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?

    How to buy Tether USDt(USDT)

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    Tether USDt news

    See more
    Yesterday, Tether issued 224 million USDT and redeemed 85 million USDT

    Yesterday, Tether issued 224 million USDT and redeemed 85 million USDT

    Bitget2024-07-23 04:42
    Yesterday, Tether issued $224 million in USDT and redeemed $85 million in USDT

    Yesterday, Tether issued $224 million in USDT and redeemed $85 million in USDT

    Cointime2024-07-23 04:08
    New spot margin trading pair — XLM/USDT!

    New spot margin trading pair — XLM/USDT!

    We are thrilled to announce that Bitget has launched isolated spot margin trading for XLM/USDT. >>Start trading in Spot Margin<< New listing perk: To celebrate the listing of new coins, Bitget will distribute spot leverage cut-rate coupons or trading bonuses to users' accounts at random. These coup

    Bitget Announcement2024-07-23 03:56
    Hong Kong Regulators Adopt CertiK’s Stablecoin Regulation Proposals

    Hong Kong Regulators Adopt CertiK’s Stablecoin Regulation Proposals

    DailyCoin2024-07-23 03:28
    Bitget Spot Bot adds ZKL/USDT

    Bitget Spot Bot adds ZKL/USDT

    We are pleased to announce that Bitget spot bot has now added: ZKL/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own ri

    Bitget Announcement2024-07-23 03:11

    FAQ

    What is the current price of Tether USDt?
    We update our Tether USDt to USD price in real time. Get the live Price of Tether USDt on Bitget.
    What is the 24 hour trading volume of Tether USDt?
    Over the last 24 hours, the trading volume of Tether USDt is $52.24B.
    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?
    We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.
    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.
    Buy Tether USDt for 1 USD
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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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