What is USDT coin? Which exchanges are USDT coins listed on?

USDT (Tether) is a stablecoin pegged to the US dollar, designed to provide a stable anchor for the cryptocurrency market. It has been widely listed on ten major exchanges including Binance, FTX, and Coinbase.

What is USDT coin?

USDT (Tether) is a stablecoin pegged to the US dollar. It is issued by the Tether company and aims to provide a stable anchor for the cryptocurrency market. 1 USDT is designed to be equivalent to 1 USD, making its value relatively stable.

Which exchanges are USDT coins listed on?

USDT coin has been widely listed on the following exchanges:

• Binance
• FTX
• Coinbase
• Kraken
• Huobi
• OKX
• Bybit
• Gate.io
• Poloniex
• KuCoin
• Bittrex

These exchanges allow users to buy, sell, trade and hold multiple cryptocurrencies, including USDT.

Additional Information:

• USDT was launched in 2014 and is the most widely used stablecoin in the world.
• It is often used as an intermediary currency in cryptocurrency transactions due to its value stability.
• USDT is backed by the company Tether, which claims to hold enough USD in its reserves to support every 1 USDT in circulation.

Tether USDt: Recent Price Trend Analysis

As of 16:00 on July 29, 2024, Tether USDt (USDT) is quoted at $0.9998965245585. Trading volume in the last 24 hours was $4,167,771,4663.83 and the price fell by 0.00693726%.

Price change factors

USDT price changes are mainly affected by the following factors:

• USD trend: USDT is pegged to the US dollar, so US dollar trends will affect its value.
• Stablecoin market competition: USDT faces competition from other stablecoins, such as USDC and BUSD.
• Exchange Activity: USDT is the primary medium for buying and selling cryptocurrencies, so exchange activity can cause its demand to increase or decrease.

Future Price Movement

USDT’s future price movement is uncertain, but the following factors may affect its value:

• Regulatory Environment: The regulatory environment for stablecoins continues to evolve, which may affect the demand for USDT.
• USD exchange rate: The trend of the US dollar will continue to affect the value of USDT.
• Cryptocurrency Market Sentiment: The sentiment of the cryptocurrency market affects the demand for it.

Recommendations

It is very important for investors and traders to pay close attention to USDT price movements and adjust their investment strategies accordingly.

Short Term Forecast

In the short term, USDT price is expected to fluctuate around current levels, influenced by the factors mentioned above.

Indicator

• Price: 0.9998965245585 USD
• 24 Hour Volume: 4,167,771,4663.83 USD
• Price Change: -0.006 93726%
• Circulation volume: 11,441,785,2141.83 USDT
• Circulation market capitalization: 11,440,601,2704.07 US dollars

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