The latest cryptocurrency investment strategy for 2024 | The investment secret of Tether USDT that guarantees steady profits!

USDT (or Tether) is one of the high-profile stablecoins in the cryptocurrency space. As a digital currency pegged to the U.S. dollar, it provides a stable investment option in volatile markets. However, holding USDT is not just about seeking a safe haven from the storms of the cryptocurrency market, it also provides a way to capture market opportunities and increase the value of your portfolio.

Whether you're a newbie or a seasoned cryptocurrency enthusiast, understanding the technical details of Tether can provide you with a clear path to optimizing your returns. This article will deeply explore the trends of Tether (USDT) in the cryptocurrency market and the corresponding investment methods to help you make money in the cryptocurrency world! ! !

Introduction to USDT

USDT (Tether) is a U.S. dollar stablecoin, also known as Tether. As a stable currency, USDT's circulation is supported by equivalent U.S. dollar reserves, which are stored in designated bank accounts. Compared with other mainstream cryptocurrencies such as Bitcoin and Ethereum, USDT has a relatively stable price and is designed to address the volatility of the cryptocurrency market. Therefore, USDT can be used as a medium of exchange and store of value, not just for speculative investing.

Stablecoins are designed in a variety of ways to maintain their stability, and Tether is a type of stablecoin backed by fiat currency. When 1 additional USDT is issued, Tether guarantees that the reserve will be increased by 1 USD to ensure that USDT maintains a 1:1 value relationship with the US dollar. Tether is designed to create a bridge between fiat currencies and cryptocurrencies and provide users with price stability and transparency. According to CryptoCompare, 80%’s Bitcoin transactions were completed using USDT, making the stablecoin the main source of liquidity in the cryptocurrency market. Tether can be traded on many cryptocurrency exchanges, including platforms such as Binance, Gemini, Coinbase, and Robinhood Crypto.

Stablecoin (Tether) has become the killer application of blockchain technology

Let’s take the leading stablecoin Tether as an example. The company holds nearly $100 billion in various fiat currencies that have been tokenized on different blockchains.

These funds are used in various investments to ensure that reserves are always available and protected.

Tether as a business has taken this approach of tokenizing assets (i.e. cash), making it one of the most successful businesses in the world. Recently, CEO @paoloardoino released statistics regarding Tether’s fourth quarter performance, as follows:

• Profit this quarter:US$28.5 billion, of which approximately US$1 billion is net profit (mainly from interest on US Treasury bills), and approximately US$18.5 billion comes from gold and Bitcoin holdings.
• Total profit in 2023: $62 billion.
• Cash and cash equivalents:Currently accounting for 90% of all issued tokens, this is the highest proportion in the past few years.
• U.S. Treasury Bills Total Risk Assets(Direct + Indirect): $80.3 billion.
• excess share capital: $5.4 billion (excess equity refers to undistributed profits above the 100% reserves held by Tether to back all issued tokens). The company decided to keep the vast majority of profits in stablecoin reserves to ensure the highest resilience.
• Excess equity is greater than remaining secured loans($5.4 billion vs. $4.8 billion). As promised, in 2023, Tether accumulated enough excess equity to eliminate the impact of secured loans on token reserves.
• Venture Capital Portfolio(Excluding Token Reserves and Comprehensive Reporting): $14.5 billion. Investments cover artificial intelligence infrastructure, Bitcoin mining, P2P telecommunications and other fields. The investments have been confirmed to remain within the new independent venture capital umbrella and will not have any impact on the token reserve.

Any company that can make $28.5 billion in profits in 90 days cannot be ignored. This brings Tether’s annual profits to $11.4 billion. As Bitwise’s chief investment officer pointed out, Tether made more money than Goldman Sachs last quarter.

Messari’s CEO noted that Tether currently accounts for 10% of JPMorgan’s net profits but has far fewer employees.

As mentioned before, even if Tether only had 100 employees, the profit generated by each employee would be over $100 million.

These statistics are crazy in the business world. Annual profits per employee exceed $100 million.

Benefits of buying Tether

⭐Stability: USDT is more stable compared to other coins known for their volatility. Each USDT token is backed by an equivalent value of fiat currency, making USDT a more stable option for investors and traders. USDT’s stability makes it a top choice if you want to avoid the risks that come with the rapid price swings of most coins.

⭐Flexibility: Tether is widely accepted and supported on many cryptocurrency exchanges, allowing it to be easily traded with other coins or fiat currencies. Its high liquidity ensures that users can quickly convert their USDT holdings into other assets or currencies, allowing for seamless transactions and a more flexible investment portfolio.

⭐Accessibility: USDT runs on a blockchain network, making it available to users around the world. It enables faster and more efficient cross-border transactions than the traditional banking system. This enables users to conduct transactions and transfers globally more conveniently.

Tether USDT market analysis

Current Price and Market Cap:

The price of USDT has increased by 0.07% in the past month.

Based on the current price multiplied by the number of coins, USDT has a market cap of $1.00033.

The circulating supply of USDT is 97.12 billion pieces, and the maximum supply is also 97.12 billion pieces.

USDT stability and reserves:

Tether and the tokens it creates are intended to be stablecoins tied to real-world assets or commodities to provide value stability in volatile markets.

Tether’s USDT is pegged to the U.S. dollar, but there has been controversy over whether the cryptocurrency’s reserves are backed by actual U.S. dollars or similar safe assets.

In October 2021, Tether paid a $41 million fine to resolve charges from the U.S. Commodity Futures Trading Commission that it falsely claimed that digital currencies were backed by fiat currency. Tether agreed to provide periodic certifications and audits of its reserves, which were found to be primarily in the form of loans and other cryptocurrencies, rather than cash or cash equivalents.

USDT’s position in the stablecoin market:

Tether operates the largest stablecoin in the cryptocurrency industry, USDT.

USDT is sometimes described as the backbone of the industry, facilitating exchanges with U.S. dollar-pegged stablecoins and highly volatile cryptocurrencies.

Currently, USDT’s main competitor is Circle’s USDC, which has recently been catching up with USDT in terms of market capitalization. However, currently USDT remains the dominant force in the stablecoin space.

Steady Earning Tether (USDT) Investment Strategy Tips

Sufficient research and understanding is essential before investing in any cryptocurrency. This includes technical analysis, assessment of market trends and associated risks. It is important to understand the different cryptocurrencies, their functionality and potential growth. At the same time, it is also crucial to stay up to date with the latest news and developments in the cryptocurrency space.

Choosing a reliable cryptocurrency exchange is also key to successful investing. Make sure to choose an exchange with a good reputation, high trading volume, and good security measures. Some popular cryptocurrency exchanges include Binance, Coinbase, and Kraken.

Diversifying your portfolio is a fundamental principle of investing. You can spread your risk and minimize your losses by investing in different cryptocurrencies. However, diversification should be based on smart choices, investing in cryptocurrencies with solid fundamentals, strong community support, and a proven track record of growth.

It’s also important to keep a long-term view when investing in cryptocurrencies. Although cryptocurrency markets are characterized by high volatility and short-term price fluctuations, they are still in their early stages and have significant future growth potential. If prices fluctuate in the short term, remain patient and avoid panic.

Understanding the risks involved is also an important part of investing in cryptocurrencies. The cryptocurrency market has inherent risks, including market volatility, security issues and regulatory risks. Therefore, only invest what you can afford to lose and avoid putting all your money into cryptocurrencies.

How to buy USDT

The steps to purchase USDT are as follows:

1. Choose a cryptocurrency exchange: USDT can be found on many cryptocurrency exchanges. In order to choose the best exchange for you, it is recommended to do some research and choose a reputable exchange that supports USDT trading, such as Binance, Coinbase, Kraken, etc.
2. Create an account: After selecting an exchange, register an account. You will need to provide your email address, create a secure password, and complete any necessary verification processes required by the exchange.
3. Complete the Verification Process: Depending on the exchange’s policies, you may be required to complete the KYC verification process. This may involve submitting documents such as a passport, driving license or bill with proof of address.
4. Deposit Funds: Once your account is set up and verified, you can deposit funds into your exchange account. Many exchanges support multiple deposit methods, including bank transfer, credit or debit card, or other cryptocurrencies. Choose the method that works best for you and follow the instructions provided to deposit the required amount.
5. Find trading pairs: Find USDT trading pairs that match your desired currency. If you want to buy USDT with USD, look for the USDT/USD trading pair. If you want to trade with other cryptocurrencies, search for relevant trading pairs such as BTC/USDT.
6. Place an order: Select the type of order you want to place. Market orders process your order immediately at the current market price, while limit orders allow you to set a specific price to buy USDT. Enter the amount of USDT you wish to purchase and review the details carefully before finalizing your order.
7. Store your USDT securely: After completing a transaction, store your USDT in a secure wallet. Some exchanges offer built-in wallets, but for enhanced security, it is recommended to use a hardware wallet or a well-known software wallet that supports USDT.

The Best Cryptocurrency Exchanges of 2024 Where You Can Buy USDT

Choosing the best USDT exchange is one of the important steps to successfully purchase the virtual currency Tether. A great USDT exchange offers a wide selection of trading pairs and cryptocurrencies, making it easy for you to buy the virtual currency Tether. Some recommended best USDT exchanges include: