A Quick Summary of Tether (USDT) as of June 18, 2025
Current Price: USDT is trading near $1.00—as expected from a stablecoin pegged to the dollar. The monthly average has remained within the range of $0.999-$1.001.
Market Capitalization: Tether remains the largest stablecoin, with a market cap exceeding $100 billion (slightly fluctuating with minting and redemptions).
Pegging Mechanism: The company issues USDT tokens against dollar deposits and other liquid assets in its reserves; it is assumed that every token can be redeemed for one dollar.
Common Uses:
Hedging against market volatility within cryptocurrency exchanges.
Quickly transferring money across multiple networks (Ethereum, Tron, Solana…).
Settling instant trades between platforms.
Risks to Be Aware Of:
Trust in the transparency of the issuing company's reserves.
Regulatory risks; U.S. regulators are closely monitoring the issuance of stablecoins.
Possibilities of temporarily deviating from the $1 level during liquidity panic (previous deviations have occurred in the range of a few cents).
> Important Information: The United Nations recently reported that USDT has become a prominent choice among some money laundering entities, increasing the pressure on the company to enhance its “Know Your Customer” mechanisms.
