Does Tether lose or gain value?
The value of USDT should not fluctuate much because it is supposed to be backed 1:1 by USD reserves held by Tether Limited. However, there have been some instances where its value has fluctuated slightly. For example, during periods of high demand, USDT may trade slightly above its intended peg of 1 USD. Conversely, during periods of low demand or when there are concerns about Tether's backing or transparency, the price of Tether may drop slightly below its intended peg.
