## Overview of Tether (USDT)
Tether (USDT) is the largest stablecoin pegged to the US dollar (1 USDT ≈ 1 USD), launched in 2014 as Realcoin by founders Brock Pierce, Reeve Collins, and Craig Sellars. It operates on Ethereum, Tron, Solana, Polygon, Avalanche, BNB Chain, and other blockchains. USDT is used for transactions, storing value during cryptocurrency market volatility, trading on exchanges, and in DeFi. Tether Limited claims that each USDT is backed by reserves (dollars, bonds, gold), though the transparency of reserves has sparked controversy.
- Price (June 29, 2025): ~$0.9998–$1.0004 (according to CoinMarketCap, Binance, CoinGecko).
- Market capitalization: ~$157.5–$159.8 billion (ranked #3).
- Trading volume (24 hours): ~$38.7–$81.7 billion, down 3.8–48.6% over 24 hours.
- News:
- Tether assisted the DOJ in seizing $225 million USDT related to fraud, strengthening its reputation (June 18, 2025).
- Investment of $89.2 million in Elemental Altus for gold reserve diversification (June 12, 2025).
- Launch of EigenCloud with a16z ($70 million) for AI and verifiable applications enhances utility (June 17, 2025).
- Integration with Kaia, TRON, and other blockchains strengthens presence.
- Pessimism on X due to rumors about stablecoin regulation in the US, but USDT remains a leader.
## Technical Analysis
- Current Situation: The price of USDT is stable at $0.9998–$1.0004, with minimal fluctuations (-0.01–0.03% over 24 hours). On the daily chart - a horizontal channel of $0.999–$1.001, with rare deviations. Historical low of $0.88 (2018), high of $1.22 (February 2015).
- Key levels:
- Support: $0.999.
- Resistance: $1.001.
- Indicators:
- RSI (daily): ~50, neutral zone, with no significant deviations.
- MACD: Neutral, with no divergence signals.
- SMA: Price around the 50-day and 200-day SMA ($1.00), stability is maintained.
- Volumes: High ($38.7–$81.7 billion), but a 48.6% drop in 24 hours indicates a decline in activity.
- Chart: Price in a narrow range of $0.999–$1.001. Breakouts are rare due to the peg. See on TradingView (USDT/USD) or Binance.
## Fundamental Factors
- Positive:
- Dominance: 72% of the stablecoin market, volume of $158 billion, increase of $1.65 billion over 2 weeks.
- Wide adoption: 274 exchanges, 33,619 markets, integrations with DeFi and payments (e.g., Tripzy in Georgia).
- Diversification of reserves: 82.45% in US Treasury bonds, investments in gold and AI (EigenCloud).
- Bullish sentiment on X: 65% of posts emphasize stability and liquidity.
- Risks:
- Reserve disputes: lack of a full audit, $41.6 million fine in 2021 for false claims of 100% backing.
- Regulatory risks: US pressure on stablecoins, rumors of collapse due to transparency.
- Competition with USDC, USD1 (Trump’s stablecoin, $2 billion).
- Market volatility: geopolitical tensions (Middle East) reduce activity.
## Recommendations
- For traders: USDT is not for speculation but for hedging volatility. Buying/selling is not advisable due to stability. Use for storing value or trading pairs (BTC/USDT, ETH/USDT).
- For investors: USDT is suitable for capital protection in DeFi or exchanges, but regulatory and transparency risks remain. Consider USDC for greater transparency.
- Monitoring: Follow X (@Tether_to, @paoloardoino) and charts on TradingView for news on reserves and regulations.