Tether Price for today is $1.00053590824519. Its current circulating supply is USDT 64,469,737,785 with a market cap of $61,971,245,330.
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Currently, Tether (USDT) is trading at $1.0005 with USDT price 0.02764665% up today. The market cap of Tether is USD 61,971,245,330 with 61,938,052,217 usdt circulating currently. The 24-hour price movement chart indicates that $56,664,149,149 worth of USDT were trading. The price peaked to $1.0100 in the last 24 hours while the lowest price was $0.9969.
Tether price prediction suggest that the Tether price is up for a long-term 2.545045% in the USDT price value with a 5-year investment. This means that in the year 2023, the Tether price is forecasted to stand at $1.026 . You can keep track of Tether’s progress by adding it to your wallet portfolio.
CoinSwitch offers an intuitive platform that can be used even by the first timers in the cryptocurrency trade to get a full grasp of the market. The real-time Tether coin price charts offer insight into the Tether price trends chronologically. They also indicate performance of the USDT price on a 24 hour basis which is critical information in trade to get the best USDT value for the traded cryptocurrency.
The metrics also allow for a reasonable Tether price prediction on an hourly basis for daily trade. Although the purpose of the coin is to mirror the dollar closely, the Tether value varies a little bit around the dollar. Unlike other crypto currencies USDT coin price doesn’t face ups and downs but rather remains constant and is highly useful as a digital payment method.
It offers users almost instant transactions unlike fiat currency that involve charges in between and longer waiting times while tether wallet-to-wallet transactions occur within minutes with zero fees. Although not an investment by itself, its price stability makes for lesser risks when trading for other cryptocoins that have fluctuating prices.
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The Tether coin is a cryptocurrency that is meant to mirror the value of the U.S dollar. It was conceived as a stable cryptocurrency that can be exchanged like a digital dollar in payments that facilitate faster transactions. The main advantage of currencies like the USDT coin is their relative stability over other cryptocurrencies in the market since it is tied to the USD. That gives them the name “stable coins”, and the Tether is the most popular one and is even accepted as a replacement to the dollar on many popular exchanges.
Tether can be used to convert cash into digital currencies at the same price as national currencies such as the USD, the Euro and the Yen. Fiat currency can be used to buy USDT and CoinSwitch is an ideal platform to get exchange rates to buy Tether for other cryptos as well.
CoinSwitch being the largest cryptocurrency exchange information aggregator collects data from the leading exchanges around the world to give users the ability to exchange USDT for other cryptocurrencies. Offering over 45000 exchange pairs, you can sell USDT for coins offered by the leading exchanges or buy Tether coin for cryptos such as Bitcoin, Ethereum, dogecoin, dash and more. To trade Tether, you will need a dedicated USDT wallet that needs to be downloaded from their website.
To those asking what is USDT, it is basically a digital currency that is not entirely similar to other cryptocurrencies or to the fiat currencies, it offers the best of both worlds. The value of the Tether cryptocurrency is pegged or “tethered” to the value of a fiat currency. The USD is the most popular currency that uses tether as the USDT crypto and the other currency to use it is the Euro.
If you are new to crypto trading, it's always advisable to learn about, what is Tether, it's benefits and indicative return on investment.