$BTC Tether (USDT) Price Prediction for 2023, 2025 and 2030
Tether (USDT) History
Tether began its journey in 2014 as Realcoin, co-founded by Brock Pierce, Reeve Collins, and Craig Sellars. Originally a coloured coin on the Bitcoin blockchain, Realcoin aimed to bridge traditional fiat and emerging cryptocurrencies with stability.
In November 2014, it rebranded as Tether to emphasise stability in the volatile crypto space, operating as an Omni Layer token on Bitcoin's blockchain. Tether expanded beyond Bitcoin, launching on Ethereum and Litecoin in early 2015 and later on platforms like Algorand, Avalanche, and EOS.
Tether USDT crypto token
According to the white paper, Tether represents the inaugural Bitcoin-linked fiat-pegged cryptocurrencies today. The first tokens were issued on 6 October 2014 on the Bitcoin blockchain. The reserve backing for Tethers maintains a one-to-one ratio, entirely unaffected by market dynamics, pricing fluctuations, or liquidity limitations.
USDT Benefits
USDT maintains a stable value, with 1 USDT being equivalent to $1.
Transactions involving USDT have low costs, especially when transferring between two USDT accounts, free of transaction charges. However, converting USDT to other cryptocurrencies or regular currencies may incur a minor fee.
USDT is highly adaptable as a currency, seamlessly integrating into exchanges and making it available for trading on various platforms.
USDT simplifies safeguarding funds for traders and businesses dealing with cryptocurrencies. It enables quick conversion of volatile cryptocurrencies like Bitcoin into a stable cryptocurrency.
Tether (USDT) Price Analysis
At the time of writing this Tether (USDT) price prediction on 29 August 2023, the USDT token price was $0.9992, with a daily trading volume of $17,487,592,399. USDT crypto ranked #3 on CoinMarketCap, with a live market capitalisation of $82,794,088,135, a circulating supply of 82.86 billion USDT, and a total supply of 85.44 billion USDT.
