$USD1
š USDT (Tether) ā Stablecoin Market Conditions
It looks like you might be referring to USDT (Tether), a widely used cryptocurrency stablecoin pegged to the U.S. dollar:
š¹ Price & Peg
1 USDT ā $0.9997 ā $1.00 USD, meaning it stays very close to the dollar peg as designed. ļæ½
Binance
š¹ Market Stats
Market capitalization: ~ $183 billion (one of the largest crypto assets). ļæ½
Binance
24-hour trading volume: tens of billions USD, showing high liquidity. ļæ½
Binance
š¹ Current Market Conditions
USDT typically trades near $1 because itās designed to be stable, used for moving value on crypto exchanges without volatility. ļæ½
Binance
Recent concerns: Ratings agencies have warned about transparency and reserve quality, which may affect confidence in the long run. ļæ½
Reuters
Despite that, USDTās price remains largely stable and widely accepted across exchanges. ļæ½
Binance.