USDT is Tether's token based on the stable value currency, the United States dollar (USD). $1 USDT = $1, users can use USDT at any time for a 1: 1 exchange with USD. Tether strictly adheres to the 1: 1 Reserve Guarantee, which guarantees $1 in bank accounts for every USDT token issued. Users can check for funds on the Tether platform to ensure transparency. Users can wire dollars to bank accounts provided by Tether via SWIFT or exchange them for USDT; When redeeming dollars, do the reverse. Users can also swap Bitcoin for USDT on the platform.
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How much is a USDT?
Tata todayis trading at 7.26 ¢, with a 24-hour trading volume of -. The tad rose 0.40 per cent in the last 24 hours. We'll be updating USDT / CNY prices live. The currency is currently ranked third in market capitalisation with a real-time market capitalisation of 506.779 billion. Its current supply is USDT 69,524,492,563.
Why you need to buy USDT stablecoins
Stablecoin mimics the value of the US dollar, or fiat currency, amid the ups and downs of the cryptocurrency market, but doubles as a cryptocurrency, making it easy to trade and invest on the blockchain.
Tether (USDT) is the forerunner of stable coins, the most used and currently ranked third in market capitalization and the most liquid.
When trading in cryptocurrency markets, the process of switching can involve a transaction fee, as well as relative currency spreads and derivative charges. By switching holdings to USDT in a bear market, you can maintain flexibility in a bear market, while also taking advantage of the stable nature of the currency to avoid the risk of price volatility.
What is USDT for?
USDT can be broadly divided into the following uses:
Gold coins suitable for various purposes such as investment, de-centralization games, safe and reliable
Mainstream exchanges support USDT and are highly liquid and easy to trade anywhere, anytime.
Stable price nature, suitable for direct trading with others, also suitable in bear market as a safe-haven assets.
Is the USDT coin risky?
The USDT's biggest concern right now is reserves, dollar assets that back the currency. The problem arose in June 2021 when commercial paper and certificates of deposit totaled $30.8 billion, or 49% of total assets at the time, according to issuer Tether.
Commercial paper is issued by companies with good financial standing and high credit ratings, but there are still some discounting procedures and risks. As a result, more reliability is being questioned in the market for assets classified as risky, especially under the risk of a bear market. As a result, Tether is gradually reducing its holdings of commercial paper.
Total commercial paper holdings in the 2022 Q1 report issued by issuer Tether were $20.1 billion, down about 17% from $24.2 billion in the fourth quarter of 2021.
On the other hand, the group's investments in money market funds and U.S. Treasury bills increased, from $34.5 billion to $39.2 billion, an increase of more than 13 percent. In addition, the average rating for commercial paper and certificates of deposit rose from A-2 to A-1. Guaranteed loans also fell by $100 million, making USDT's reserves more robust and less risky than regular cryptocurrencies and algorithmically stable currencies
How to operate USDT in a bear market
While various cryptocurrency turmoil events have depressed trading, stable currencies in the market are still in fact worth more than $100 billion, and the cryptocurrency market still has considerable momentum.
Investors can also earn some money for themselves by operating low-risk, stable yield investments such as stable currency lending and regular money management plans on exchanges. They can also protect themselves against rising inflation and not have their assets shrink as bear markets wait to recover.