Tether initial price

Tether (USDT) is a stablecoin pegged to the U.S. dollar. It was initially launched in June 2015 with a price of 1 USDT = 1 U.S. dollar. Its price stability is maintained by Tether Limited by holding equivalent U.S. dollar reserves.

Initial Tether Price

Tether (USDT) is a stablecoin pegged to the U.S. dollar, originally launched in 2015 Launched in June. Its purpose is to provide a digital asset that can serve as a stable store of value in the cryptocurrency market.

The initial price of Tether is pegged to the US dollar, which is 1 USDT = 1 US dollar. The peg is designed to ensure that Tether maintains a stable value, making it ideal for transferring and storing value in volatile cryptocurrency markets.

The price of Tether has remained relatively stable since its initial launch, typically ranging between $0.99 and $1.01. However, during certain periods of market volatility, Tether’s price may briefly decouple from the U.S. dollar, causing price volatility.

The Tether price peg is maintained by a company called Tether Limited. The company’s mandate is to hold U.S. dollar reserves equal to the value of Tether in circulation. In this way, Tether Limited is able to ensure that the value of Tether is pegged to the U.S. dollar and provides stability to Tether holders.

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