Bittime - The current value of Tether (USDT) is IDR 16,468.50. It is a stablecoin that was launched in 2014 and is pegged to the US dollar. Tether functions as a fiat on-ramp and off-ramp and provides stability in the volatile crypto market.
What Is Tether (USDT)?
Tether (USDT) was launched in 2014 with the goal of creating a crypto asset that is both stable and usable like a digital dollar, or stablecoin. Tether has an anchor, or tether, that connects Tether to the price of the US dollar. Tether is issued on the Bitcoin (both Liquid and Omni Protocol), Ethereum, EOS, and Tron blockchains. At first, but now available as an ERC20 token on Ethereum.
Tether Limited, whose CEO shares crypto platform Bitfinex, issues tether tokens. Tether previously claimed that reserves fully support Tether. However, in 2019, Tether's lawyers said that only 74% of Tether's reserves, or a small portion of reserves, support Tether, such as Tether Limited.
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What Is Tether Used For?
Tether is used as a hedge against the uncertainty of the crypto market due to its stability. Since each USDT token is pegged to one dollar, Tether can serve as a fiat on-ramp and off-ramp for crypto trading, most Bitcoin trading is done with it. Therefore, keeping money in Tether protects it from regular cryptocurrency market volatility.
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Latest USDT Price Prediction for Today
Tether (USDT) is worth IDR 16,468.50 today, which is 0.1% down from an hour ago and 0.5% up since yesterday. The value of USDT today is 1.2% higher compared to its value 7 days ago. In the last 24 hours, the total amount of Tether added was IDR 726,621,301,419,860.
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Conclusion
Tether (USDT) is a crypto asset released by Tether Limited in 2014 with the aim of creating a stablecoin with a value pegged to the US dollar. Available on various blockchains such as Bitcoin, Ethereum, EOS, and Tron, USDT is intended to provide stability in the volatile crypto market. Tether connects crypto and fiat currency trading, and is typically used to hedge against market uncertainty. The value of Tether (USDT) has increased 0.5% from yesterday and 1.2% from last week, currently at IDR 16,468.50.
How To Buy Crypto With Bittime
You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.
To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.
Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.
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DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.
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