Berdagang sekarang
Deposit
English English (Global)
English English (EU)
English English (UK)
English English (AU)
English English (ZA)
English English (St. Vincent)
Deutsch German
Español Spanish (Latam)
Español Spanish (Spain)
Français French
Dansk Danish
Italiano Italian
Nederlands Dutch
العربية Arabic
Svenka Swedish
Tiếng việt Vietnamese
Bahasa Melayu Malay
ภาษาไทย Thai
繁體中文 Traditional Chinese
简体中文 Simplified Chinese
Tagalog Tagalog
தமிழ் Tamil
हिन्दी Hindi
Português Portuguese
Bahasa Indonesia Indonesian
한국어 Korean
English English (BVI)
Valas
Saham
Komoditas
Indeks
Kripto
ETF
Obligasi
Platform Web
Aplikasi
TradingView
MT4
MT5
Trading Central
Kalkulator Perdagangan CFD
Kalkulator Margin Valas
Kalkulator Keuntungan Komoditas
Kalkulator Keuntungan Valas
Kalender Ekonomi
Perdagangan CFD
Daftar Aset CFD
Ketentuan Perdagangan
Jam Perdagangan
Tanggal Kedaluwarsa
Hari Libur Perdagangan Mendatang
Perpanjangan Kadaluwarsa Mingguan
Depth of Market
Pusat Pendidikan
Dasar-dasar Perdagangan
Berita
Mengapa Markets.com
Penawaran Global
Grup Kami
Penghargaan dan Media
Hubungi Dukungan
Pengaduan
Keamanan Online
Pengungkapan Cookie
Paket Hukum
Regulasi
English English (Global)
English English (EU)
English English (UK)
English English (AU)
English English (ZA)
English English (St. Vincent)
Deutsch German
Español Spanish (Latam)
Español Spanish (Spain)
Français French
Dansk Danish
Italiano Italian
Nederlands Dutch
العربية Arabic
Svenka Swedish
Tiếng việt Vietnamese
Bahasa Melayu Malay
ภาษาไทย Thai
繁體中文 Traditional Chinese
简体中文 Simplified Chinese
Tagalog Tagalog
தமிழ் Tamil
हिन्दी Hindi
Português Portuguese
Bahasa Indonesia Indonesian
한국어 Korean
English English (BVI)
Berdagang sekarang
Deposit
Keluar
Kami menggunakan cookie untuk melakukan hal-hal seperti menawarkan dukungan obrolan langsung dan menampilkan konten yang menurut kami akan Anda minati. Jika Anda puas dengan penggunaan cookie oleh markets.com, klik terima.
Selasa Jan 30 2024 05:35
9 min
1. Origins of Tether
2. The Role and Function of Tether
3. Controversies Around Tether’s USD Reserves
4. How Tether Impacts Bitcoin and Crypto Markets
4.1 1. Liquidity and Adoption
4.2 2. Stable Value Parking
4.3 3. Binance Trading Volumes
4.4 4. Bitcoin Correlation
4.5 5. Questionable Reserves
5. In conclusion 
Tether (USDT) is one of cryptocurrencies’ most impactful stablecoins. Acting as a substitute for the US dollar, Tether seeks stability amidst the volatility of crypto assets.
In this article, we will analyze Tether’s origins, its intended functionality, the controversies surrounding it, and how it has shaped the growth of Bitcoin and other cryptocurrencies over the past decade.
Tether Holdings Limited (Tether) is a blockchain company established in 2014. It is most famous for its USDT token, intended to maintain a peg of USD1 each. Tether ensures that it holds reserve assets worth USD1 for each USDT token issued.
This stablecoin is one of the largest and most widely used cryptocurrencies, with a market cap of nearly $90 billion in 2023.
As one of the earliest stablecoins, Tether attracted significant attention and users in the nascent crypto space.
It offered convenience for traders along with the benefits of faster transaction times and lower fees compared to traditional finance.
This article may pique your interest: Spot Trading in Crypto – A Comprehensive Guide
Join the 100.000s that have made markets.com their home for trading. Learn about trading as you grow your portfolio.
More power in our platforms
Masukkan email yang valid
Harap masukkan sandi yang valid
Dengan membuat akun, Anda menyetujui Kebijakan Privasi, Kebijakan Cookie kami dan menerima email marketing dari kami. Langganan dapat dikelola di bawah pengaturan Notifikasi di akun Anda.
Trading CFDs carries a considerable risk of capital loss.
We currently cannot accept clients from your country. If you have received this message in error, please contact our support team at support@markets.com.
Tether aims to fulfil several functions in the cryptocurrency ecosystem:
Tether seeks to harness the benefits of both traditional currencies and cryptocurrencies. It provides stability, liquidity, and easy transfers between the two spheres.
While Tether has been widely used, it has not been without its critics and controversies – particularly around whether it truly maintains adequate USD reserves to back all USDT in circulation.
Critics have argued that, without proper audits, Tether Holdings cannot prove each USDT is fully backed 1:1 with dollars. Concerns emerged during 2017’s crypto bull market when Tether printed billions of new USDT tokens worth billions of dollars.
Tether struggled to provide formal audits to allay fears that new USDT was being issued without sufficient reserves. In 2019, Tether Holdings admitted only about 74% of USDT was backed by cash and equivalents, despite their 1:1 claims.
Ongoing investigations and lawsuits have tried to determine if Tether manipulates USDT issuance to inflate Bitcoin and cryptocurrency prices artificially.
While no clear evidence has emerged, economists have argued that USDT printing and BTC price moves are highly correlated.
More recently, Tether has tried to improve transparency, working towards full audits of its reserves. It claims to now hold well over $69 billion in assets backing all circulating USDT.
However, many still have doubts about Tether’s reserves and potential influence on the broader crypto market.
As one of the most widely traded and used stablecoins, Tether has had observable effects on Bitcoin and broader cryptocurrency markets.
Here are a few of the significant ways Tether impacts crypto:
Tether has increased adoption and liquidity in the cryptocurrency ecosystem by facilitating fiat-to-crypto trading.
Traders rely on USDT stable value transfers to enter and exit crypto positions efficiently.
During intense market fluctuations in the cryptocurrency industry, traders may temporarily invest their funds in Tether, which is considered a reliable and secure asset.
This strategy of ‘parking’ money in Tether can significantly impact the crypto market’s overall movement and affect trading volumes.
Tether is responsible for driving a substantial portion of trading volumes on popular cryptocurrency exchanges such as Binance.
This creates a certain level of centralization in price discovery and the overall influence wielded by these exchanges.
Research and studies have revealed a significant association between the circulation of new USDT (Tether) and the escalation of Bitcoin prices.
Nevertheless, whether the correlation implies that Tether directly impacts BTC’s value fluctuations remains uncertain.
It is crucial to ensure that Tether, a stablecoin, maintains full reserves. The consequences of a potential USDT value crash could be severe, as it could disrupt the liquidity of broader crypto markets that heavily depend on it.
Therefore, it is essential to closely monitor the reserve levels of Tether to prevent any potential ripple effects that could arise from its instability.
While Tether brings beneficial liquidity and stability to crypto, its lack of transparency and regulation also introduces new risks.
Tether’s growth and influence have made the stablecoin a systemically important part of the Bitcoin and crypto ecosystems.
Here’s an interesting read for you: Investing in Bitcoin vs Altcoins
Tether emerged as an early attempt to match the benefits of blockchain technology and crypto assets with the stability of fiat currency values like the US dollar.
Its convenience and liquidity have led USDT to become widely adopted in the trading and use of cryptocurrencies like Bitcoin.
Tether shows both the potential of stablecoins to aid crypto adoption and the risks associated with stable assets lacking adequate transparency and auditing.
As regulators continue eyeing stablecoins in 2024 and beyond, Tether must evolve and embrace greater transparency to prove its stability and retain its pivotal role in digital asset markets.
Tether can provide stability not just for traders but also for future crypto innovation.
Ready to trade with markets.com? Creating an account is easy.
“When considering “CFDs” for trading and price predictions, remember that trading CFDs involves a significant risk and could result in capital loss. Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be considered investment advice.”
Ditulis oleh::
Arianne Bonacua
Daftar Aset
Terkini
Selasa, 29 April 2025
5 min
Selasa, 29 April 2025
6 min
Selasa, 29 April 2025
6 min
Selasa, 29 April 2025
Indices
Major pairs in forex: AUD/USD, AUD/CAD, GBP/AUD Analysis
Selasa, 29 April 2025
Indices
What is CFD trading: what are the risks involved in CFD trading?
Selasa, 29 April 2025
Indices
Bond ETFs Analysis: Types of Bond ETFs and Their Characteristics
Minggu, 27 April 2025
Indices
Bond ETF Analysis: How Market Volatility Affects Bond ETF Performance
Hubungi Kami
Pasar
Trading
Pelajari
Tentang
Kemitraan
Hubungi Kami
Ikuti kami di
Terdaftar di
Metode
Pembayaran
Situs www.markets.com/vc/ dijalankan oleh Finalto International Limited yang disahkan sebagai Perusahaan Bisnis berdasarkan Undang-Undang Perusahaan Bisnis Internasional (Amendemen dan Konsolidasi), Pasal 149 Revisi Undang-Undang Saint Vincent dan Grenadine, 2009, dengan nomor registrasi 27030 BC2023. FinaltoSVG beralamat di Suite 310, Griffith Corporate Center, Beachmont, Kingstone, St. Vincent dan Grenadine.
Peringatan Risiko: Tidak setiap investor cocok melakukan perdagangan Valuta Asing (Valas) dan Contracts For Difference (CFD). Sebelum memutuskan untuk memperdagangkan Valas/CFD yang ditawarkan oleh markets.com, Anda harus mempertimbangkan tujuan, situasi keuangan, kebutuhan, dan tingkat pengalaman Anda secara cermat, serta mempertimbangkan untuk berkonsultasi dengan profesional independen. Silakan baca Syarat dan Ketentuan secara lengkap. Untuk pengaduan terkait privasi dan perlindungan data, silakan hubungi kami di privacy@markets.com. Silakan baca PERNYATAAN KEBIJAKAN PRIVASI kami untuk informasi lebih lanjut tentang penanganan data pribadi.
Markets.com beroperasi melalui anak perusahaan berikut:
Safecap Investments Limited, yang diregulasi oleh Cyprus Securities and Exchange Commission (“CySEC”) berdasarkan lisensi no. 092/08. Safecap didirikan di Republik Siprus dengan nomor perusahaan ΗΕ186196.
Markets (Afrika Selatan) Pty Ltd diregulasi oleh Financial Sector Conduct Authority (“FSCA”) berdasarkan lisensi no. 46860 dan memiliki izin untuk beroperasi sebagai Penyedia Derivatif Over-the-Counter (“ODP”) sesuai dengan Financial Markets Act no.19 tahun 2012.
Jika tombol beralih ke kanan, hal tersebut menunjukkan kategori cookie AKTIF.
Cookie fungsionalitas memungkinkan situs web mengingat informasi yang mengubah perilaku atau tampilan situs web, seperti bahasa pilihan Anda atau wilayah tempat Anda berada.
Cookie pelacakan digunakan untuk melacak pengunjung di seluruh situs web. Tujuannya adalah untuk menampilkan iklan yang relevan dan menarik bagi masing-masing pengguna sehingga lebih bernilai bagi penerbit dan pengiklan pihak ketiga.
Jika Anda ingin mengetahui lebih lanjut tentang penggunaan cookie kami, kunjungi pengungkapan cookie dan kebijakan privasi.
