đ Current Price & Stability on Binance
On Binanceâs spot markets USDT is trading right around its $1.00 peg, e.g., approximately $0.999â1.000 with tiny 24-h variations near ~±0.02% â typical for a stablecoin. ïżœ
binance.us +1
This stability holds across different Binance platforms (Binance.com, Binance.US) and reflects strong liquidity and market depth. ïżœ
CryptoMeter
đ Trading Activity
USDT consistently has very high trading volume on Binance â tens of billions in 24h â making it one of the most traded assets on the exchange in pairs like BTC/USDT, ETH/USDT, etc. ïżœ
Binance
You can also trade USDT P2P on Binance with local fiat on/off ramps. ïżœ
Binance P2P
đ Role on Binance
USDT is the primary stablecoin used for trading, collateral, and borrowing across Binanceâs spot, margin, and futures markets. ïżœ
Binance
Its deep liquidity on Binance ensures tight bid-ask spreads and easy execution for large orders.
â ïž Risk Considerations
While the peg remains stable on Binance, broader market concerns â like a recent downgrade of Tetherâs credit/backing assessments by S&P to a âweakâ rating due to reserve transparency risk â are notable and might influence sentiment. ïżœ
Reuters
These issues arenât specific to Binance but affect overall confidence in USDT as a guarantee of equivalent USD value.
đ Summary
On Binance: USDT trades very close to $1.00 with minimal deviation â 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 havenât disrupted the peg or usability on exchanges like Binance.#USDTfree #USDTă #USGDPUpdate