Tether (USDT) Price Chart

What is Tether USDT?

Tether (USDT) is a stablecoin cryptocurrency launched in 2014. It aims to maintain a value pegged to the U.S. dollar, using fiat currency reserves to stabilize the price. The private company behind USDT claims to hold equivalent dollar amounts to back up all USDT in circulation at a 1:1 ratio. Due to this purported backing, stablecoins like Tether typically have little volatility. Tether dominates the stablecoin market in terms of adoption and daily trading volumes across exchanges.

How do we calculate the USDT price?

The calculation of USDT's price on YouHodler involves a comprehensive aggregation process from various cryptocurrency exchanges. This method aims to deliver the most precise and current price of Tether. By integrating price data from major exchanges like Binance, Kraken, Huobi, and OKEx, among others, the USDT price presents a true reflection of its value across the global market.

USDT to USD price

The USDT to USD price is typically pegged at a 1:1 ratio with the US dollar, reflecting Tether's design as a stablecoin. Minor price variations can occur occasionally, making it important to monitor for any major deviations from this peg. While the value of USDT itself doesn't experience growth like other volatile cryptocurrencies, YouHodler's platform and wallet offer versatile options to use your USDT. On YouHodler, you can buy or sell USDT, use it as collateral for loans, or even earn % p.a., effectively leveraging the stability of USDT in various financial strategies.

Tether (USDT) price chart

Take a look at the USDT Price Chart by scrolling up on this page, where you'll find real-time pricing information for Tether. While USDT may not be the most sexy coin with dramatic price swings, its stability is what sets it apart and provides its utility.  This chart provides an insightful view into the subtle fluctuations of USDT,  its performance, and its steadiness in the market.

Check crypto prices on YouHodler’s wallet app

While USDT's stable nature might not require as frequent price checks as other more volatile cryptocurrencies in your portfolio, having the YouHodler app on your iOS or Android smartphone is still incredibly useful. This app not only allows you to monitor USDT prices at any time and anywhere but also offers the convenience of keeping tabs on the price action of all your portfolio coins.

The future of Tether

Tether has weathered its fair share of FUD over the years, yet it remains the leading stablecoin as it approaches its 10-year anniversary. While regulatory scrutiny seems to perpetually loom over Tether's shoulders, the project has so far maintained its peg and dominance.

YouHodler aims to provide timely news and Tether price updates to help users stay informed on the latest developments. However, it's always wise to do your own research before deciding if Tether is the best stablecoin for you.

Ultimately, Tether's future remains uncertain in some aspects. But with cryptocurrency adoption accelerating globally, demand for stablecoins is higher than ever. Tether remains well-positioned to capitalize on this growing need for price-stable cryptos. 

While only time will tell if Tether can maintain its dominance long-term, the project seems poised to continue serving the broader crypto economy in the years ahead.

Tether (USDT) Yields account

YouHodler's USDT Yields Account leaves traditional options in the dust. Even the highest-yield USD Yields accounts offer relatively paltry rates in comparison. So, if you're holding Tether for its price stability and transactional utility, why not put it to work, earning impressive returns at the same time? Tether holders now have an attractive option to grow their money without sacrificing stability.