Tether (USDT), is a stablecoin developed by Tether Limited that has become a significant player in the cryptocurrency field. It provides a stable transactional medium and introduces the concept of stablecoin, which is crucial in a highly volatile market. The project was launched in 2012 and gained prominence in 2015 via Bitfinex. Today, Tether offers several stablecoins, each pegged to different assets.
Maintaining Value and Stability
USDT, often referred to as the digital dollar, aims to maintain a value equivalent to $1.00 USD, asserting that a dollar backs each token in Tether Limited's reserves. The Transparency page of Tether provides insights into the USDT tokens in circulation versus its total reserves, asserting a 1-to-1 pegging with the corresponding fiat currency.
Risk Factors and Considerations
When investing in Tether, it's important to be aware of the potential risks involved. These may include the lack of independent audits, potential delays in redemption and withdrawal, regulatory scrutiny, and market volatility. There is also a possibility that USDT could become de-pegged from its underlying asset, the US dollar, which could impact its value and stability.
The fastest, most convenient way to purchase Tether is to purchase it on ICONOMI. We check Tether live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Tether by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Tether is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Tether, we recommend you read the next section, as copying might be a better approach.
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Tether in their structure.
Here you can read and comment on all posts made by Strategists about Tether USDT. See all Tether price predictions in real time and make the best use of their crypto knowledge.
Very good day for our Schillebeeckx Strategy as $RUNE, $LINK , $INJ and $SEI are finally breaking higher. Up +9% so far, outperforming $BTC and many other diversified Stragies.
We are well diversified into alts and ready to capture the upside volatility in in this altbull.
What is our exit strategy when things get overheated? We will gradually scale back into $BTC $ETH and $USDT. When we take profits, we keep them. We won't jump back in and out of the market on pullbacks or corrections.
As we had some crazy altcoinmoves and $BTC is hesitating just below 100k, we took some of our funds to $USDT. Pullbacks will inevitably come and we want to have cash to spend on the relatively best performing assets.
We're watching $XRP that looks very strong right now and is correcting and we are watching the memetrend as well, as it is very strong. It doesn't matter when the correction comes, we will be have to have something on the sidelines. Corrections are fast and furious. Often 30% for $BTC and more for alts.
Crypto Snapshot: Latest News and Trends
By SYGNAL
📈 Market News:
💸 Money Flow:
🌐 Adoption and Usage:
📜 Regulatory News:
3. On-Chain Data
Looking at the on-chain data, we can see that the market liquidity is on the rise as stablecoins like $USDT continue to grow and flow into exchanges👀
Since the U.S. Presidential election, $3.2 billion in $USDT has entered exchanges—marking the highest net flow since November 2021🤔
This surge in liquidity could pave the way for higher crypto prices in the coming weeks🚀
Crypto Market Pulse 👀
Our bet is that we will go for the $95k liquidations first, push above $100k $BTC, trap more longs and then drop back down towards $80k. If we get this push up and we will see that the on-chain indicators are getting overheated, we will move 20-30% into $USDT to hedge our position for a potential correction.
Why ETH is not following BTC after ETF launch?
@TDj_Slo up until last week, the ETFs saw very little demand compared to $BTC. We expect this to change over the coming weeks as it starts to outperform $BTC.