Cryptocurrency market jumps 3.6% to three-week high
Lawrence Gash • 16:58, 9 January 2023
USDT/USD
USDT/USD
What is USDT?
Tether, also known as USDT, was launched in 2014. It is a cryptocurrency initially based on the Bitcoin blockchain technology through the Omni Layer Protocol. The interesting aspect about this crypto is that each USDT claims to be tethered (backed) by a USD . The USDT is pegged to the USD as a fiat currency at a ratio of 1:1.
Factors affecting USDT value
The value of Tether can be under the influence of the overall cryptocurrency market and of the factors specific to the USDT currency. Any news and announcements related to Tether may have an effect on the USDT to USD exchange rate. In particular, the announcements related to the level of reserves which should be held to back the digital coins in circulation, since they have had an effect in the past.
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USDT/USD price history
| Date | Close | Change | Change(%) | Open | High | Low |
|---|---|---|---|---|---|---|
| Jun 2, 2023 | 0.9996 | -0.0002 | -0.02% | 0.9998 | 0.9998 | 0.9996 |
| Jun 1, 2023 | 0.9998 | -0.0002 | -0.02% | 1.0000 | 1.0001 | 0.9996 |
| May 31, 2023 | 1.0000 | 0.0000 | 0.00% | 1.0000 | 1.0001 | 0.9997 |
| May 30, 2023 | 1.0000 | 0.0000 | 0.00% | 1.0000 | 1.0004 | 0.9996 |
| May 29, 2023 | 1.0000 | -0.0001 | -0.01% | 1.0001 | 1.0002 | 0.9996 |
| May 28, 2023 | 1.0001 | -0.0002 | -0.02% | 1.0003 | 1.0003 | 1.0000 |
| May 27, 2023 | 1.0003 | 0.0001 | 0.01% | 1.0002 | 1.0003 | 1.0001 |
| May 26, 2023 | 1.0002 | 0.0004 | 0.04% | 0.9998 | 1.0002 | 0.9998 |
| May 25, 2023 | 0.9998 | 0.0000 | 0.00% | 0.9998 | 0.9999 | 0.9995 |
| May 24, 2023 | 0.9998 | 0.0000 | 0.00% | 0.9998 | 0.9999 | 0.9995 |
| May 23, 2023 | 0.9998 | -0.0002 | -0.02% | 1.0000 | 1.0002 | 0.9998 |
| May 22, 2023 | 1.0000 | 0.0000 | 0.00% | 1.0000 | 1.0000 | 0.9997 |
| May 21, 2023 | 1.0000 | -0.0001 | -0.01% | 1.0001 | 1.0002 | 1.0000 |
| May 20, 2023 | 1.0001 | 0.0001 | 0.01% | 1.0000 | 1.0002 | 1.0000 |
| May 19, 2023 | 1.0000 | 0.0002 | 0.02% | 0.9998 | 1.0001 | 0.9998 |
| May 18, 2023 | 0.9998 | -0.0001 | -0.01% | 0.9999 | 1.0000 | 0.9997 |
| May 17, 2023 | 0.9999 | 0.0000 | 0.00% | 0.9999 | 1.0000 | 0.9995 |
| May 16, 2023 | 0.9999 | -0.0001 | -0.01% | 1.0000 | 1.0002 | 0.9998 |
| May 15, 2023 | 1.0000 | -0.0002 | -0.02% | 1.0002 | 1.0004 | 1.0000 |
| May 14, 2023 | 1.0002 | -0.0002 | -0.02% | 1.0004 | 1.0004 | 1.0001 |