Current USDT Price & Market Overview
- Current Price: ¥7.16
- 24h Change: -¥0.001279 (0.02%)
- Market Cap: ¥998.429 billion
- 24h Trading Volume: ¥339.805 billion
👉 Track USDT price in real-time
What Is Tether (USDT)?
Tether is a leading issuer of stablecoins, with USDT (Tether) being its flagship cryptocurrency. Designed as a stablecoin, USDT maintains a 1:1 peg to the US dollar, backed by reserves comprising cash, cash equivalents, and other financial instruments.
How Does USDT Work?
- Stability Mechanism: Each USDT token is collateralized by assets held in Tether’s reserves, ensuring minimal price volatility compared to cryptocurrencies like Bitcoin or Ethereum.
- Multi-Blockchain Support: USDT operates across multiple blockchains, including Ethereum, Tron, and Solana, enabling fast, low-cost transactions.
Use Cases:
- Trading pairs on crypto exchanges.
- Hedging against market volatility.
- Cross-border payments and remittances.
Key USDT Market Statistics
| Metric | Value |
|----------------------|---------------------|
| Circulating Supply | 139.329 billion USDT |
| Total Supply | 141.572 billion USDT |
| 52-Week High | ¥7.40 |
| 52-Week Low | ¥7.03 |
| All-Time High | ¥7.59 |
Why Invest in Tether (USDT)?
- Low-Risk Storage: Acts as a digital dollar alternative with stable value.
- Liquidity: Widely accepted across exchanges and DeFi platforms.
- Transparency: Regular attestation reports verify reserve holdings.
👉 Buy USDT securely on trusted platforms
FAQs About Tether (USDT)
Q: Is USDT safer than bank deposits?
A: While USDT offers transparency through reserve audits, critics highlight risks like regulatory scrutiny. Diversification is advised.
Q: Can USDT lose its peg to the dollar?
A: Historically, USDT has maintained its peg despite brief deviations during market stress.
Q: Where can I buy USDT?
A: USDT is available on major exchanges like Binance, OKX, and Coinbase.
Q: What backs USDT’s value?
A: Tether claims reserves include cash, Treasury bills, and commercial paper.
Latest Market News
- Stablecoins Dominate Payments: USDT processes more daily transactions than Visa in some regions.
- Regulatory Developments: EU’s MiCA framework may impact stablecoin issuers like Tether.
- Tether’s Strategic Moves: Recent investments in gold and Bitcoin aim to diversify reserve assets.
USDT Price Calculator
Convert USDT to CNY or other currencies using real-time rates. Example:
- 10 USDT = ¥71.60 (at ¥7.16/USDT).
Final Thoughts
Tether’s USDT remains a cornerstone of the crypto economy, bridging traditional finance and blockchain. For real-time updates and trading, visit:
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