Tether, also known as USDT, is a stablecoin that is pegged to the value of the US dollar. Its current price is $1.00 USD, with a 24-hour trading volume of $35.16 billion. The live Tether price is updated in real-time on the Coinbase Market website. Despite the volatile crypto market, Tether has remained relatively stable, only experiencing a 0.00% change in the last 24 hours.
Currently, Tether holds the third spot on CoinMarketCap’s ranking, with a market capitalization of $66.87 billion. The circulating supply of Tether coins is 66.85 billion, with a maximum supply not yet available.
If you’re looking to buy Tether at the current rate, some of the top cryptocurrency exchanges to consider are Binance, Bybit, OKX, CoinTiger, and DigiFinex. These platforms offer a wide range of trading pairs and competitive prices.
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Tether (USDT) overview
USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company, Tether. The token’s peg to the USD is achieved by maintaining in reserves a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills that are equal in USD value to the number of USDT in circulation.
Originally launched in July 2014 as Real coin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the Omni platform, it was later renamed “US Tether” and then, finally, to “USDT.” In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.
The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.
Stablecoins are increasingly used as an inflation hedge; compared to keeping fiat currency in a savings account averaging 0.06%, users can lend their stablecoins and earn yields ranging from 3% to as high as 20%. However, remember that regulatory risks, platform risks, and more exist.
Tether (USDT) is known as a “stablecoin” – a cryptocurrency designed to provide a stable price point at all times. Tether Limited created the USDT cryptocurrency to function as the internet’s Digital Dollar, with each token worth $1.00 USD and backed by $1.00 USD in physical reserves. Tether is used by millions of blockchain users each day to trade, hedge, and transact on various blockchain networks – without the need for a trusted third-party intermediary. However, despite being a popular choice in cryptocurrency markets, Tether has a controversial history due to the company’s alleged role in manipulating the price of Bitcoin and not managing its reserves properly.
This guide is designed to teach you everything you need to know about the project and prepare you to jump into the most user-friendly trading experience available on the market.
Each Tether (USDT) issued is backed by one US dollar’s worth of assets. All Tether was initially issued on the Bitcoin blockchain via the Omni Layer protocol but can now be issued on any chain that Tether currently supports. Once a tether (a single unit of USDT) has been issued, it can be used the same as any other currency or token on the chain on which it has been issued. Tether currently supports the Bitcoin, Ethereum, EOS, Tron, Algorand, and OMG Network blockchains.
Tether’s (USDT) past price analysis
Tether, also known as USDT, is a stablecoin that is pegged to the value of the US dollar. The first exchange rate of USDT was detected by our platform at $1.21 in February 2015. Since then, Tether has experienced many ups and downs in its price history. The lowest price was $0.5884888 in March 2015, and the highest price reached was $1.21 in February 2015.
When analyzing the price history of Tether, it’s important to look for recurring patterns and indicators that suggest the price is likely to rise. There are countless ways to analyze crypto performance, but two of the most commonly used are technical analysis and fundamental analysis.
Technical analysis involves looking at historical price data, such as the Tether chart, to identify patterns and trends. For example, some cryptos have seen dramatic price drops and periods of high volatility followed by a sustained rise to new highs. While there’s no guarantee that this pattern will continue, it’s worth considering.
Fundamental analysis, on the other hand, involves examining economic, financial, political, and social factors that influence prices. This includes analyzing interest rates, gross domestic product, manufacturing data, and unemployment rates to make informed predictions about stock prices. News events, such as changes in interest rates or weather events, also play a role in influencing prices.
Most investors find it best to apply both technical and fundamental analysis techniques when evaluating a purchase or sale of Tether. As Tether is a stablecoin and its value is pegged to the US dollar, the price will likely remain relatively stable, but it’s still important to keep an eye on market conditions and news events that may affect its value.
|Day’s Range||1.0001 – 1.0003|
|52-Week Range||0.9485 – 1.0027|
|Volume (24 hrs)||35.16B|
|Volume (24 hrs) All Currencies||35.16B|
Data provided by CoinMarketCap
Tether (USDT) Price Prediction 2023
- Price $0.999
- Market Cap
The primary role of USDT is to provide liquidity and act as a hedge against market volatility. This is because, in theory, the value of Tether does not appreciate or depreciate. Instead, the value of USDT is entirely dependent on Tether’s reserves. As long as Tether is backed 1:1, it will be worth 1 US dollar.
The stability of USDT is one of its main selling points. Because it’s a stablecoin, it should maintain a value of $1, give or take a fraction of a cent. The purpose of USDT is to act as a stable store of value rather than a speculative investment. This is why a USDT price prediction tends to be a fairly undramatic affair compared with other cryptocurrencies, even if the brief de-pegging of 12 May might have caused concern.
However, it’s worth noting that Tether has been embroiled in controversy in the past, with some accusing the company of not properly managing its reserves and manipulating the price of Bitcoin. Additionally, there have been questions about the transparency of Tether’s operations, leading to concerns about the company’s solvency.
Despite these controversies, Tether remains one of the most widely used stablecoins in the crypto market. It’s important for traders to keep an eye on the reserve and transparency of Tether, but overall it has been a reliable store of value and a hedge against market volatility.
The Tether price is forecasted to reach $1.2794274 by the beginning of July 2023. The expected maximum price is $1.5992843, minimum price $1.0875133. The Tether price prediction for the end of the month is $1.2794274.– Trading beasts
Recently, the market capitalization of Tether has seen a significant increase, but this growth may be threatened by the emergence of central bank digital currencies (CBDCs) being developed by governments worldwide.
China, in particular, is ahead of the pack in piloting its digital yuan (eCNY). The country tested the digital currency at the Winter Olympics in Beijing, where athletes and visitors could make purchases with cash, a Visa card, or the digital yuan. This move by China could potentially eat into Tether’s market share, as it offers a government-backed alternative to the stablecoin.
The US has also confirmed that it intends to develop a digital dollar in the coming years, but it does not appear to be in a rush. The introduction of an official alternative to Tether could potentially impact the long-term valuation of the stablecoin in the market.
As governments around the world continue to explore the launch of their own CBDCs, it’s important for traders to keep an eye on the potential impact on Tether and other stablecoins. While Tether has proven to be a reliable store of value and a hedge against market volatility, the introduction of government-backed alternatives could potentially change the dynamics of the market. It’s important to stay informed and make informed decisions when investing in Tether or other stablecoins.
I see posts saying this rally has no basis because stablecoins market cap is flat or going down.
Well, I checked #USDT and its market cap increased by $500 mil in the past week. 👇
— Duo Nine | discord.gg/ycc (@DU09BTC) January 22, 2023
Tether’s (USDT) price prediction 2025 – 2030
Ideally, Tether should be worth $1 – that is what it is intended to do. A USDT price prediction from DigitalCoinPrice suggests it will be $1.01 in 2025, while Gov Capital has an average Tether price prediction of $2.558 for 19 August 2025. – currency.com
The value of Tether is affected by various factors, including supply, economic conditions, government regulations, and news events.
One factor that affects the value of Tether is its fixed supply. Like all cryptocurrencies, Tether has a fixed supply, which means that the government cannot cause inflation by printing more of it. This scarcity can drive the price up.
The USDT exchange rate can also be affected by changes in the wider economy. For example, many cryptos made impressive gains in 2020 while economies worldwide suffered due to the COVID-19 pandemic. This could be due to people turning to crypto as a hedge against weakened national economies.
Government regulations also play a significant role in the price of Tether and other cryptocurrencies. Tax policies, regulations regarding investments, mining restrictions, and government plans for official digital currencies can all move the crypto market higher or lower.
In recent years, newsmakers have increasingly influenced crypto prices. When a billionaire entrepreneur tweets support for a particular coin or token, the price increases. Additionally, more and more celebrities are promoting cryptos and NFTs to millions of followers on social media. The effects of these endorsements on crypto prices cannot be overstated.
It’s important for traders to keep an eye on these various factors when considering investing in Tether or other cryptocurrencies.
Tether will reach a valuation of $1 and then plateau for the rest of 2030; this is what the experts at the Digital Coin Price team predict.
In conclusion, Tether (USDT) is a stablecoin that is pegged to the value of the US dollar. The value of USDT is dependent on Tether’s reserves, which are backed 1:1 to the US dollar. As a stablecoin, it is designed to provide a stable store of value, and its price predictions tend to be relatively undramatic compared to other cryptocurrencies.
Yes, according to Trading beast’s forecasts, the Tether price is going to increase. Now the Tether price is $1.0000000, but by the end of 2023, the average Tether price is expected to be $1.2794357. Tether remains one of the most popular stablecoins on the market while providing liquidity for transactions worth millions of dollars in value each day. Despite any controversy, Tether serves as a haven for users in a highly volatile market. It continues to be used by millions of users who want decentralized finance between regions, countries, and even continents.
However, the emergence of central bank digital currencies (CBDCs) being developed by governments worldwide, particularly China’s digital yuan, could potentially eat into Tether’s market share and affect its long-term valuation. Additionally, government regulations, economic conditions, and news events can all impact the price of Tether.
It’s important for crypto traders to keep an eye on these various factors when considering investing in Tether. While Tether has proven to be a reliable store of value and a hedge against market volatility, the introduction of government-backed alternatives and changes in market conditions could potentially change the market dynamics. It’s important to stay informed and make informed decisions when investing in Tether or other stablecoins.