Is Tether trustworthy?

According to a study by CryptoCompare, a global cryptocurrency market data provider, bitcoin to Tether trading still represents the majority of BTC traded into fiat or stablecoin . In February 2021, 57% of all bitcoin trading was done in USDT. 5 Tether remains a major source of liquidity for the cryptocurrency market.

Tether can be bought on most major cryptocurrency exchanges, but should you invest, considering its history and outlook? Tether, despite having many issues in the past, continues to be a very stable cryptocurrency that is stronger for having gotten past its problems mostly unscathed — thus far, at least.

Tether is not a central bank, bank or regulated in any way by any country other than British Virgin Islands . It is not audited, has been fined by financial regulators for financial misconduct and revealed that its stablecoin is mostly not backed by the US dollar. Yet, tether still trades at about a dollar.

Tether (USDT/USD) price prediction At the time of writing (16 March) according to Trading Beasts’ Tether (USDT/USD) price forecast, by the end of 2022, the average Tether future price was expected to be $1.27 although its peak could be $1.6 .