USDT Price Prediction Today!

Bittime - Tether (USDT) is a stablecoin pegged to the US dollar and used as a hedge against crypto market volatility. Currently, USDT is at a price range of 16,243.48 IDR. For more details, see the following article!

What is USDT?

Tether (USDT) is a digital currency that has a value that reflects the value of the US dollar. Launched in 2014, Tether's goal was to create a stable cryptocurrency that could be used like a digital dollar, or "stablecoin." Tether is linked to the price of the US dollar via an anchor, or “tethered”.

Initially, Tether used the Bitcoin Omni Layer network transport protocol, but currently Tether is available as an ERC20 token on Ethereum. Tether previously claimed that Tether reserves fully support the Tether currency. However, after Tether's lawyers revealed in 2019 that only 74%, or a small portion of its reserves.

What Is Tether Used For?

Due to its stability, Tether is used as a hedge against crypto market volatility. Storing money in Tether protects it from the usual cryptocurrency market volatility because each USDT token is pegged to one dollar. Because of this, Tether can serve as a fiat on-ramp and off-ramp for crypto trading, most Bitcoin trading is done with it.

Check Today's Crypto Market USDT/IDR

USDT Price Prediction

According to data from CoinMarketCap, the predicted price of Tether (USDT) is currently around 16,243.48 IDR. Stablecoin Tether (USDT) aims to maintain a relatively stable value by being pegged to a fiat currency, in this case the US dollar. Various factors, such as movements in the US dollar exchange rate against the rupiah, and supply and demand dynamics in the crypto asset market, can influence changes in USDT prices in IDR.

Conclusion

Tether (USDT) is a digital asset intended to represent the value of the US dollar and is considered a stable “stablecoin”. USDT was first released in 2014 with the Omni Layer protocol on the Bitcoin network. However, it is currently also available as an ERC20 token on Ethereum. Tether serves as a fiat on-ramp and off-ramp in crypto trading and is used as a hedge against crypto market volatility.

Although Tether previously claimed that US dollar reserves backed every USDT token, in 2019 it found that only 74% of its reserves supported them. By pegging to fiat currencies, specifically the US dollar, these stablecoins aim to maintain a stable value. USDT price changes in rupiah (IDR) are currently in the range of 16,243.48 IDR. These changes can also be influenced by changes in supply and demand in the crypto market.

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.