Trying to avoid the volatile market? It’s time that you buy tether if you want time to transfer and trade value denominated in fiat without having to bear the everchanging conversions. USDT is a crypto asset that reflects the value of the USD. You can buy USDT for $1. Tether stands at position 3 in terms of market capitalization. It is one of the most stable coins. It is capable of offering the stability of fiat currencies along with the efficiency of cryptocurrency.
Basics of TetherThe current price(16 July 2021) of this currency stands at $1. It stands third in position in terms of total market cap. The total market cap of Tether is $62,024,069,715. The circulating supply of this cryptocurrency is 62.02 billion. The crypto asset reached its all-time highest price at $1.21 as of 27th May 2017. While the all-time low value of USDT was $0.0000108 on 14th June 2021.
Why buy TetherUSDT serves as a powerful tool since it can be redeemed for a US dollar. It acts as a great tool to avoid extreme volatility in the cryptocurrency market. For an instance, if you move the value to USDT you reduce the risk of exposure to sudden price drops in your cryptocurrencies by a great amount. If you buy tether you also remove the transaction fees and the delays associated with traditional assets. The stability of Tether and its efficiency as a cryptocurrency is indeed a great combination for investments.
Tether price trends
|Tether (Year closing price)||$1||$0.99||$1||$1|