Tether is a very unique cryptocurrency, both in terms of its purpose and price. Learn what differentiates Tether from other cryptocurrencies and at what rates this coin has been sold in the past. We will also delve into the price forecasts for this currency for the year 2025 and assess whether it is safe and worthwhile to invest in this coin.
What Is Tether?
Tether, also often referred to as USDT, is technically a cryptocurrency but is very unlike others in the market. Tether is a stablecoin, which is actually a stable-value cryptocurrency, and is meant to mirror the price of the United States dollar (hence the name USDT, an abbreviation for United States Dollar Tether). Even in the past week, the price has fluctuated from $0.999 to $1.0018 but has stayed very close to $1 mostly. This fact makes deciphering, understanding, assessing, and utilizing this cryptocurrency tricky because its value usually stays very close to or exactly $1.00. The total number of Tether coins available is 74.357 billion, out of which 72.54 billion are part of the circulation supply.
Investors favor this coin over many other cryptocurrencies because of how volatile the latter is. This allows them to minimize risk while keeping value within the cryptocurrency market. Furthermore, USDT offers a high conversion rate, system transparency, access to money 24/7, and complete decentralization. Additionally, transfers between the same type of wallets involve no commission.
Tether Past Performance
Although fluctuations have been recorded in its history, the price has stayed at $1.00 or increased or decreased by a very small margin. The value of USDT since its inception has stayed between the $1.02 to $0.951991 range. There was a major decline in the price in the last quarter of 2018, but apart from it, the value has mostly either stayed at $1 or slightly increased before returning back to $1.00.
Tether Price Today
CoinMarketCap quotes the price of Tether on 8 November 2021, as $1.00. The market cap of this cryptocurrency is $72.65 billion, and if the maximum supply were in circulation, this number would be around $74.495 billion. In addition to this, its 24-hour trading volume is $55,627,326,582. Although these statistics are not as impressive as some of the most popular cryptocurrencies, Tether holds the 5th rank in the market with the market dominance of 2.61%.
Tether Price Prediction for 2025
Given its unique purpose, Cryptona predicts that in 2025, the price of USDT is likely to be $1. This makes sense given that Tether keeps the price of its token at $1 using reserves to maintain this standard price. However, DigitalCoinPrice forecasts an appreciation in its value, with the prediction staying constant for the entire year at $1.01. Similarly, Wallet Investor predicts that the price will start from $1.012 in January 2025 and end at $1.013 in December. As per its analysis, the price within each month is expected to stay consistent while there is a minimal change from month to month. However, December 2025 is forecasted to experience spikes and plunges in the price before it evens out at $1.013.
Conclusion
As a quick, inexpensive, and less risky way to conduct payments, Tether is expected to stay strong in the future, with the investor confidence increasing in this stablecoin. To begin your journey, you can buy USDT with a credit card on Changelly.

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