Our delusional perspective on Iconomi platform and why we may be considering moving out some of our strategies in the next several months:
- Fees are not competitive enough compared to DEX and CEX, while too many assets cannot be taken in self custody nor deposited (only for $BTC $ETH $USDT $USDC)
- Management did not implement features requested by community as shorting, physical credit cards, comparison of any asset on the platform (strategies can be compared but not against specific coins, nor specific coins with other specific coins) and so other features that were super demanded and whose controversy has been cleared lately, like staking for instance. Competitors like Kraken or Coinbase for instance allow staking.
- Management has no clear vision: originally the company was born with the view of Decentralized Asset Arrays, it abandoned this view and now cannot figure out its roadmap, meanwhile asset tokenisation is taking over in classical finance.
- Iconomi does not define itself as a broker but does not disclose the details of your rebalances (eg. Exchange and prices where swapping occurs). Controversial to say the least.
- Platform does not provide real time graphs (lag of 10 min at least), not great for deciding around support and resistance levels.
- Users cannot even comment posts, so creating a one way communication and destroying the good created in terms of community creation done so far and possible interaction and question making to strategies managers.
- Iconomi mistakes (adoption of Luna USD and payback of shares through it) was never properly compensated nor acknowledged, not to users nor to shareholders. Now, after more than 5 yr from inception, Iconomi does not buy back its own shares, meanwhile operations as Triaconta acquisition was a failure, especially considering the original plan of (tokenised) company inception in Luxembourg.
- Altcoins are showing as the way of subtracting wealth from $BTC ecosystem, similarly to what happened with the ICO and successive Initial Private Offering when allocated money to 1 share (few ETH) now worth nothing as there is not even a buy back market from the company itself, while ETH worth almost a order of magnitude more.
We will monitor the evolution and keep you updated with our critical perspectives regarding what may be the evolutions of our services on the platform and our perspective on the platform itself.
Bests
Tether Live Price in GBP
See the live Tether price UK. Buy Tether in the UK or add it to your Crypto Strategy.
USDT GBP price chart / performance
USDT GBP price chart / performance
Tether to GBP Data
The USDT to GBP conversion rate today is £0.7468. This is a decrease of -0.12% in the last 24 hours. The recent price direction shows a bearish trend because USDT is down by -1.81% against GBP in the last 30 days.
Strategies with USDT
Returns
Returns
My Investment
My Investment
Tether (USDT) History and Overview
Tether (USDT) History and Overview
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.
How To Buy Tether or Add it to your Strategy
How To Buy Tether or Add it to your Strategy
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.
Add Tether to your portfolio by copying a Strategy
Add Tether to your portfolio by copying a Strategy
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.
USDT/GBP Conversion Tables
USDT/GBP Conversion Tables
USDT to GBP conversion rates
| 0.5 USDT | £0.3734 |
| 1 USDT | £0.7468 |
| 5 USDT | £3.73 |
| 10 USDT | £7.47 |
| 50 USDT | £37.34 |
| 100 USDT | £74.68 |
| 500 USDT | £373.40 |
| 1000 USDT | £746.81 |
GBP to USDT conversion rates
| £0.50 | 0.669517 USDT |
| £1.00 | 1.339034 USDT |
| £5.00 | 6.695169 USDT |
| £10.00 | 13.390337 USDT |
| £50.00 | 66.951685 USDT |
| £100.00 | 133.903371 USDT |
| £500.00 | 669.516853 USDT |
| £1,000.00 | 1,339.033707 USDT |
Other ETH to Fiat Conversions
Other ETH to Fiat Conversions
Posts
Here you can read and comment on all posts made by Strategists about Tether USDT. See all Tether GBP price predictions in real time and make the best use of their crypto knowledge.
Does anyone have any views on the ECB regulation regarding
30th December 2024 Ruling MiCA on $USDT
Crypto Snapshot: Latest News & Trends
By SYGNAL
📈 Market News:
- Bitcoin’s Wild Ride: Bitcoin ($BTC) hit an all-time high above $108,000 but quickly fell below $93,000. It rebounded to $100,000 following a $20 trillion price prediction, reflecting market volatility. Analysts expect continued fluctuations due to macroeconomic factors. (CNBC) (Forbes)
- Ethereum and Major Altcoins Rebound: Ethereum ($ETH), Ripple's XRP ($XRP), and Dogecoin ($DOGE) recovered alongside Bitcoin, helping the crypto market regain $300 billion in value. (Forbes)
💸 Money Flow:
- Tether's Treasury Holdings: Tether ($USDT)'s U.S. Treasuries stockpile drove record profits of $10 billion in 2024, showcasing the influence of stablecoin-backed assets. (Forbes)
🗣️ Crypto Influencers:
- Cathie Wood’s Bold Prediction: Ark Invest’s Cathie Wood reaffirmed her forecast of Bitcoin ($BTC) reaching $1 million by 2030, citing its potential to become a $20 trillion asset. (Forbes)
📜 Other Interesting Information:
Crypto Snapshot: Latest News and Trends
By SYGNAL
📈 Market News:
- Bitcoin ($BTC) surpassed $99,000 for the first time, driven by a surge in futures market activity during Asian trading. Analysts attribute this rally to post-election optimism about a more "crypto-friendly" administration. Ethereum ($ETH), Tether ($USDT), and Dogecoin ($DOGE) also gained traction as interest in the sector grows. (Forbes)
- The entire cryptocurrency market has surged 90% in 2024, marking a significant upward trend. (Forbes)
💸 Money Flow:
- ARK's Bitcoin ETF saw $267.3 million in inflows, while BlackRock's iShares Bitcoin Trust ETF options traded $1.9 billion on its first day, reflecting robust institutional interest in Bitcoin ($BTC). (CNBC)
🌐 Adoption and Usage:
- Acurx Pharmaceuticals announced plans to add up to $1 million in Bitcoin ($BTC) to its reserves, following in the footsteps of companies like MicroStrategy. (CNBC)
- BlackRock’s iShares Bitcoin Trust ETF options began trading on Nasdaq, with a remarkable 73,000 contracts traded within the first hour. (CNBC)
📜 Regulatory News:
- Pennsylvania passed a Bitcoin Rights Bill and proposed a strategic reserve, though the move faces skepticism due to Bitcoin’s volatility. (Forbes)
📢 Update
BM Digital Assets Classification Standard (BM DACS)
As part of our regular review process, some assets have been added recently to @ICONOMI ,we have classified them according to our sector classification methodology.
The classification is reviewed periodically to keep pace with changes occurring in the crypto market and appropriate industry regulation.
After any update to any project, its classification will be modified based on the project’s white papers.
Radical changes:
◾We have modified our internal classification of the media and entertainment sector to include: content creation, gaming, music, sports, video, memes, social media platforms, search engines, prediction markets, gambling, non-fungible tokens, metaverse, augmented reality and virtual reality.
◾We have added a specific sector to keep pace with the changes taking place in the market: Asset-Backed Tokens
Asset-backed tokens are digital claims on a physical asset and backed by that asset.
Gold, crude oil, real estate, stocks, agricultural crops like coffee and cotton, or any other real or physical asset can be converted into a token and become an asset-backed token, or any digital claim to fiat currencies.
We will look at the outcome of the digitization of physical assets as part of this sector in the future, we look at the outcome of the process in this sector and not the ecosystem that supports the digitization of physical assets.
Currently: The assets listed on @ICONOMI that meet these criteria are $USDT, $USDC, $PAXG.
These tokens rely on trust from a third party, so be careful when holding one of these tokens.
You can take a look at our Digital Assets Classification Standard here.
Feel free to explore the changes and reach out if you have any questions or need further clarification.
We hope this helps you understand the crypto market in a simple way.
Thank you for your trust and continued support.
Best regards,
🔵The Strategist
Ready to start your journey with us?
Trusted by over 100,000 users from around the world.
Other Top Cryptocurrencies
Explore the current best performing strategies in ICONOMI and plan your crypto journey!
Explore StrategiesTether GBP Price FAQ
Europe NGMI