Tether is a stablecoin platform that aims to bring the US dollar, the strongest fiat currency, to the digital space. It is a decentralized platform that counters the centrality of traditional financial systems.
Tether was the first stablecoin and was created in 2014. It is still the largest stablecoin in terms of supply. The Tether (USDT) coins serve two main purposes.
- Tether aims to create more acceptance of cryptocurrencies by ensuring the coin’s stability.
- Tether is compatible with all the major blockchains. So the users can access the benefits of the coin irrespective of the platform they use.
What is a USDT Token?
The USDT token is the native currency of the Tether protocol. USDT is a stablecoin that is pegged to the US dollar in a 1:1 ratio.
USDT tokens are highly accessible because they are available in many blockchains such as Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, Kava, and Statemine.
The current status of the coin in the market can be understood from the following key figures.
Current Market Price: $0.9981
Market Capitalization: $111,664,101,772
Fully Diluted Valuation: $111,664,101,772
24 Hour Trading Volume: $49,231,123,392
Volume/Market Capitalization (24 hours): 61.81%
Circulating Supply: 111,962,821,346
Total Supply: 111,962,821,346
Maximum Supply: ∞
Tether (USDT) Price Prediction (2024–2030)
The current market price of the USDT token is $0.9981. The short-term price prediction of the USDT token for the period from May to December 2024, with its low, average, and high prices is given in the table below.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| May 2024 | $1.00 | $1.00 | $1.00 |
| June 2024 | $1.01 | $1.01 | $1.01 |
| July 2024 | $1.01 | $1.01 | $1.01 |
| August 2024 | $1.01 | $1.01 | $1.01 |
| September 2024 | $1.01 | $1.01 | $1.01 |
| October 2024 | $1.01 | $1.01 | $1.01 |
| November 2024 | $1.01 | $1.01 | $1.01 |
| December 2024 | $1.01 | $1.01 | $1.01 |
The expected long-term price range of the USDT token, with its yearly low, yearly average, and yearly high prices for the years 2024, 2025, 2026, 2027, 2028, 2029, and 2030 is shown in the table below.
| Year | Yearly Low | Yearly Average | Yearly High |
| 2024 | $0.98 | $1.00 | $1.02 |
| 2025 | $0.98 | $1.00 | $1.02 |
| 2026 | $0.99 | $1.00 | $1.02 |
| 2027 | $0.97 | $0.99 | $1.01 |
| 2028 | $0.96 | $0.98 | $1.00 |
| 2029 | $0.99 | $1.01 | $1.03 |
| 2030 | $1.00 | $1.02 | $1.04 |
Where and How to Buy Tether (USDT)
You can buy USDT tokens from the following cryptocurrency exchanges.
- Gate.io
- Binance
- Pionex
- OKX
- Bybit
- Bitget
Here is the process to be followed to buy Tether (USDT) coins on the exchanges mentioned above.
Choose the exchange that best suits your needs and preferences.
Create an account on the exchange. You will have to provide your personal details and submit a government-authorized identity card to verify your KYC details.
Select a payment method that you intend to use to exchange the base currency for Tether (USDT) coins. This can be an authorized crypto wallet, bank transfer, credit card, or debit card.
Make sure that you have enough base currency in your wallet, card, or account.
Link the selected payment method to the exchange.
On the exchange’s ‘buy’ page, select USDT coin from the options and enter the amount of coins that you wish to purchase.
Complete the transactions as per the instructions given.
The USDT cons will now be credited to your account. Make sure that you have received your purchase.
Ensure the safety of the coins by storing them in a cold wallet or hardware wallet. Storing them in your exchange account might result in your money being stolen by online attackers.
Is Tether (USDT) a Good Buy in 2024–2030?
The current market sentiment of USDT tokens is bearish. There is no significant price rise predicted in the coming years.
Tether (USDT) is a bad buy, and investors are advised not to invest in this token in the coming years.
