Overview of Tether (USDT)
- Rank: #4 among cryptocurrencies
- Type: Stablecoin (USD-pegged)
- Blockchain: Multichain
- Launch Date: June 2014
- Total Supply: 1213.78 billion (100% circulating)
USD Tether (USDT) is a stablecoin designed to maintain a 1:1 value with the US dollar, widely used for trading and liquidity in crypto markets.
👉 Explore secure trading platforms for USDT
USDT Price Metrics (Real-Time)
| Metric | Value |
|---|---|
| Current Price | $0 (0% change) |
| 24H Low | $0 |
| 24H High | $0 |
| 24H Volume (USD) | $0 |
| Market Cap (USD) | $0 |
Key Features of USDT
- Stability: Pegged to the USD, minimizing volatility.
- Liquidity: High trading volume across major exchanges.
- Transparency: Regular audits (though controversial historically).
How Tether Works
Tether operates on multiple blockchains (e.g., Ethereum, Tron) and backs each USDT with reserves, including cash and equivalents.
💡 Note: USDT’s reserve composition has faced scrutiny; always verify the latest audit reports.
Trading Markets for USDT
| Market Pair | Price | 24H Change | 30D Change | Volume (24H) |
|---|---|---|---|---|
| Data currently unavailable |
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Risks of Investing in Cryptocurrencies
- Market Volatility: Prices can fluctuate rapidly.
- Regulatory Risks: Policies may impact asset value.
- Technical Risks: Exchange hacks or software failures.
Disclaimer:
- Cryptocurrency investments may lead to partial or total loss.
- Conduct independent research or consult a financial advisor before investing.
- Platform data (e.g., prices) is sourced from third parties and may be delayed.
FAQs About USDT
1. Is USDT always worth $1?
While USDT aims to maintain a 1:1 peg, market demand can cause minor deviations. Major depegs are rare but possible.
2. Where can I store USDT?
Use wallets supporting its native blockchain (e.g., ERC-20 for Ethereum-based USDT).
3. How is Tether different from other stablecoins?
Unlike algorithmic stablecoins, USDT relies on centralized reserves, offering stability through collateral.
4. Why does USDT have critics?
Concerns include lack of full transparency and past legal challenges regarding reserve backing.
5. Can I earn interest on USDT?
Yes, through lending platforms or DeFi protocols (assess risks first).
Final Notes:
- USDT remains a cornerstone of crypto trading despite controversies.
- Always verify real-time data before executing trades.