📌 Current Price & Stability on Binance

On Binance’s spot markets USDT is trading right around its $1.00 peg, e.g., approximately $0.999–1.000 with tiny 24-h variations near ~±0.02% — typical for a stablecoin. �

binance.us +1

This stability holds across different Binance platforms (Binance.com, Binance.US) and reflects strong liquidity and market depth. �

CryptoMeter

📈 Trading Activity

USDT consistently has very high trading volume on Binance — tens of billions in 24h — making it one of the most traded assets on the exchange in pairs like BTC/USDT, ETH/USDT, etc. �

Binance

You can also trade USDT P2P on Binance with local fiat on/off ramps. �

Binance P2P

🔒 Role on Binance

USDT is the primary stablecoin used for trading, collateral, and borrowing across Binance’s spot, margin, and futures markets. �

Binance

Its deep liquidity on Binance ensures tight bid-ask spreads and easy execution for large orders.

⚠️ Risk Considerations

While the peg remains stable on Binance, broader market concerns — like a recent downgrade of Tether’s credit/backing assessments by S&P to a “weak” rating due to reserve transparency risk — are notable and might influence sentiment. �

Reuters

These issues aren’t specific to Binance but affect overall confidence in USDT as a guarantee of equivalent USD value.

🔎 Summary

On Binance: USDT trades very close to $1.00 with minimal deviation — exactly as expected for a major stablecoin.

Liquidity and volume are high, making it very efficient for trading across crypto pairs here.

Risks remain around issuer transparency and regulatory scrutiny, but they haven’t disrupted the peg or usability on exchanges like Binance.#USDTfree #USDT。 #USGDPUpdate