$USDT Here are some key points about $USDT ¹ ² ³:

- *Current Price*: USDT is currently trading at $0.9995-$1.00 per unit, with a slight increase of 0.01% in the last 24 hours.

- *Market Capitalization*: The market capitalization of USDT is approximately $183.95 billion, making it one of the most widely used stablecoins in the cryptocurrency market.

- *Trading Volume*: The 24-hour trading volume of USDT is around $94.82 billion, indicating high liquidity and activity in the market.

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$USDT works ⁴:

- *User deposits USD*: Users deposit USD into Tether's reserve account.

- *Tether issues USDT*: Tether issues USDT tokens equivalent to the deposited USD.

- *Users transact with USDT*: Users can transact with USDT on various blockchain networks.

- *Redemption*: Users can redeem USDT for USD, and Tether destroys the redeemed tokens.

Keep in mind that $USDt's value may fluctuate slightly due to market dynamics, but it generally maintains its peg to the US dollar.

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