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Hello friends wish a good day...i just wanted to know why the usdt price is stay 1$
Thanks

There are 2 main reason:
1. Usdt is backed by usd
2. All of coins will be exchanged into Usd or fiat
However, it can be normally explained by supply and demand. Because usdt used to sit at $0.92 and $1.07

Are you serious or did you buy your account from someone else? how come you dont know this?

usdt is created to be equal to 1 us dollars. it makes easier for all of us trading bitcoin and altcoins

There are many reasons why USDT exists and its relation to backing fiat USDs. Many crypto exchanges just use it to avoid using USD or fiat for regulatory reasons. This article gives a nice summary:
https://99bitcoins.com/what-is-tether-usdt-beginners-guide/

When you see the aswer of the other friens in this topic you will be sure that the one who buy His account from someone else is you.

As mentioned above USDT was created with the purpose of equalizing the dollar price and rid the crypto of regulatory situations in several countries, with that in mind it is practically obligatory to keep your price stable with impossibility of falling or move up is also considered a way to avoid disruptions in the exchanges and for the investors.

Why would you doubt the honest use of one's account this way? No person is required to know the information about tether, since its specific way of existing makes it not much of a cryptocurrency. I mean, yes, there's blockchain, but every tether is backed up by 1 dollar. They have more than 2 billion of them stored for this purpose and so the price is really stable. However, many people express anxiety about this currency, believing that it gained too much marketcap for nothing and it potentially very dangerous. From what I read the main reason for worries is that there's no provably fair way to make sure the dollars are actually backing usdt all the time.

Same answer as mine . Before I also noticed that with USDT and I am so curious why usdt stay between $0.93 and $1.1  but once I research about it now I figured out the answer .

Usdt is an erc-20 token based on eth platform, it was created to provide the much needed usd or fiat option in the market, although many analysts see it with suspicion but my personal experience with usdt trading has been fine.

The people that claim "USDT is backed by the USD" are delusional at beast. The USDT is $1 (it really isn't exactly $1... but let's say it's $1) because you believe the PROMISE that the people behind USDT actually own all the USD required to back USDT at a 1:1 at any given point in time.

I think this is a ticking timebomb, which may or not explode and will cause a (yet another) cycle of FUD where noobs panic sell and smart money buy the dip.

Im don't want to give the people behind USDT shit for not having extremely clear procedure about their supposed USD reserves because what they are doing is extremely difficult and you are pretty much forced to operate off-shore for the task, but always be skeptic about they having 1:1 reserves and consider the inherent risk. If fiat is a ticking timebomb, then imagine a token that's supposed to be backed by fiat.

USDt is a centralized cryptocrurrency that is being controlled by the Bitfinex company, it is a closed network, running by bitfinex, this thing allows bitfinex to be the only organization that can print/produce new tethers tokens.
The network runs on the omni layer, and the tokens have a value because the tether company claims that they will purchase any produced coin for 1$ each, and they have the ability to buy all the coins that are available in circulation.
It is a centralized coin because the coin won't have any value if bitfinex will stop re-purchasing them for 1$ each.

The dollar is currently the currency of international trade. So, to buy something from abroad, must use the dollar currency even though the product purchased was not originated from the United States.

USDT is a crypto-currency asset, issued on the basis of blockchain bitcoin through the Omni Layer protocol. Each USDT unit is backed by the US dollar, which is in the reserve of Tether Limited and can be obtained through the Tether platform. The total amount of USDT in circulation should always correspond to the amount of USD in the bank account used by Tether Limited. They also regularly publish reports on these accounts on these websites.

usdt is created to be equal to 1 us dollars, so it's pegged at Dollar price... there are some  small fluctuations in some cases when bid ask spread is bigger than usual..however is a good way to have liquidity without changing to FIAT...

This is really true and the usdt was created on the platform of ERC 20! Do not need to survive this is a really safe coin created for easy trading! Every experienced trader will tell you that this is a safe and popular coin!

Though USDT is declared to be backed up by US dollars, it's not really so. The team use to issue millions of new USDT coins one a quarter, and it's hard to believe that they really own the same amount of true USD. But it's still a good stable coin if you need to fix your profit without cashing out to fiat.

in theory; usdt is created to be equal to 1 us dollars

many crypto exchanges just use usdt to avoid using USD or fiat for regulatory reasons

it's a good stable coin

buying usdt is like keeping you money in usd without cashing out to fiat

so you re still in the crypto world and since you didnt cash out for fiat no tax, no regulations

Usdt is equivalent to fiat and backed up by usd. That is why it is always at $1 or atleast $0.99.

This is actually a very valid question.

Despite all its flaws, fiat like USD is still backed by the US Government and Fed, and if you present an authentic paper bill, you will get the exchange amount printed on it. That's cash for you.

USDT obviously does not fulfill this requirement, it is only backed by its developers, and therefore inherently has a specific counterparty risk, and you need to factor that into the equation when dealing in USDT trades.

As we all know usd is one of the strongest currency in over the world that is why usdt is always as stable in crypto world. I predict usdt will increase the value in the nearest time lets wait and see.

Because it reflects usd fiat currency, or at least it tryes to, don't use it, experts say nothing good will happen from out of all this... rather than that use bitstamp or any other exchange that exchanges you into real fiat currency...

Someone in crypto world wanted to kill fiat; and they didnt want you to leave cryptos when price goes down, so they invented USDT..


Now you always remain the the crypto world and should make you nervous of the future of fiat money

The value of USDT doesn't fluctatuate as much as other cryptocurrencies because it isn't the same as other crypocurrencies. USDT is pegged to the total amount of USD in the supply of the USDT platform, this means that it will never deviate too far from $1 otherwise people will literally be giving money away.

Not all things can really be known by an individual even these informations are basic ones but yet there are still people who arent aware or just they newly encountered these things like on USDT price matters.If they dont know this doesnt mean that they do buy their account.  8) We might have a high rank account but there are really thing into this crypto world which we havent known even on how basic information they are.
USDT= USD itself where it would always have that 1:1 ratio.

USDT represents the dollar, is a standard unit used when trading cryptos around the world. USDT is just like a currency to trade cryptos as crypto because it operates on a blockchain. Talking about USDT's stable exchange rate is always $ 1 because USDT is always supplied and distributed continuously to the market, so the USDT rate is almost always equivalent to USD in reality.

Thanks all fore those informations...i think that now i got the right idea about the usdt
Thanks friends

What a great reply... I like the way you think... I think it is a valid point since lot of poeple do the same at Coinbase too.. Coinbase has a USD Wallet

Used is an erc20 coin which backboned by us dollar. So its depends on dollar price.B ut its also supply and demand process coin. But the price is set between $0.92+ and $1.07-. Its go down sometimes but many of the times it's equal to 1 dollar.it's almost available in all exchanges .With many pairs. Its one of my favorite coin if you are a trader it can save you from losing if you have an idea of a trade.they also have a wallet that's also good.

The liquidity and tight spread of USDT make it one of the most popular stablecoin out there.

USDT is also a recognised name as well. The scandal somehow help to advertise it.

Another shit comment that doesn't even read the history of USDT. USDT is not an ERC20 token but it's using omni blockchain. It's really different. You guys should stop to spread bullshit like this one.
Your post is totally trying to mislead someone with incorrect answer.

the decline or rise of usdt coins is now fairly stable because now $ 1 is still one of the coin pricing. usdt will still continue to be the only potent and stable coin in price.

The main reason is that USDT is backed by USD. It means it cant never go below price like any other coin. USDT has a big role to play in the market exchange. Especially when the price of the market is unstable, only to be saved by a bearish price is to exchange immediately your altcoins holdings to USDT.

Because the USDT is equivalent to the U.S. dollar and 1 U.S. dollar = 1 U.S. dollars, unlike other virtual currencies, there will not be huge fluctuations in the price, but will only follow the changes in the U.S. dollar exchange rate. The price is very stable, so it is most important. The significance is to hedge. It can save you when the market crashes. For example, if you bought BTC, when BTC collapsed, if there is no USDT, then you will not be able to control the position. No matter how you do currency exchange, you can only be in a full position at any time. But with the USDT, when the currency falls, we can immediately switch the currency to USDT to ensure that your assets do not shrink.

No. Please, stop telling to people USDT is "safe". USDT is as safe as it it is safe to leave your coins in Poloniex, Coinbase, or any other exchange with the added risk of it being a "coin" that is a raid away from the Feds of plummeting to 0.

Basically if a government with enough resources decided to screw them up, they could freeze their bank accounts and then the USD resources for USDT would get confiscated or otherwise stopped, ending liquidity and therefore crashing the price. Unlike a true decentralized cryptocurrency like Bitcoin which would survive government attacks, USDT actually has "an office" which is a single of point of failure that has any savings kept on USDT at the constant risk of going to 0 the very moment this office gets a visit from an attacker. For now their method seems to be working, but I wouldn't count on it long term. For short term it's probably ok, but quickly go back to BTC when you do your trades.

Remember that even if you keep the USDT on some of these Ethereum multi token wallets, it's irrelevant for the token value going to 0 for reasons explained above.

Cellard above makes some excellent points, all agreed. Having said that, it's essential in the extremely volatile crypto markets to be able to exit to fiat or a fiat equivalent with the push of a button;

therefore something needs to replace USDT asap for the general health and fluidity of exchange based cryptocurrency trading activity.

Lol are you serious? it is stable because it is meant to be at one dollar forever, unless that the entire system crashes.
Just make your own research before posting bullshit in here, we all know why it is at $1..

The discussion was about how feasible and reliable it is for USDT to function as a fiat peg, and the obvious disadvantages it has...

I guess even the initial poster knew what the team theoretically had in mind when originally producing this crypto.

USDT is really the most stable cryptocurrency. And this is explained by the fact that it is tied to the dollar and its price is completely dependent on the dollar

As of their statement usdt is backed by usd so it is always stable at $1,but know one know if its true or not.

You just described the situation with the real dollar :d I Think it is, the dollar has long sought to become international. And based on that, he prints as many dollars as he wants.

Are you kidding? Why are you commenting on something you have absolutely no idea about. USDT was originally positioned as a cryptocurrency that has a constant value equal to 1 dollar. This is only possible due to manual adjustment. I don't like this currency. But it is needed as an alternative to the dollar in case the exchange will have problems with the dollar account.

The reason why usdt is stable is because usdt is always equivalent to the value of us dollars and the supply and demand really dont affect the usdt price that much. This is also why traders use this coin to have a safe place to store their money whenever they want to pause their trade due to falling market prices but I really dont think that usdt is the place that you should store your money for a long time because there is a reported issue about the security of this coin.