USDT to CAD Live Price Converter

The distinctive characteristic of the USDT is that its value is fixed relative to the U.S. dollar. According to the company’s reps, Tether always puts the same amount of dollars into its reserves whenever it issues new USDT. This guarantees that Tether has complete cash backing.

Because of the peg, USDT is not subject to notorious crypto swings, which can make crypto fluctuate within a single day by 10 or 20%. This also makes USDT a refuge for crypto traders, who can store their holdings in Tether during times of high fluctuation without selling all of their coins for US dollars.

Also, USDT makes it easy to exchange a U.S. dollar equivalent across regions, countries, and even continents using blockchain, without the need for a time- and cost-intensive third party like a bank or other financial services provider.

Despite all of the above, Tether has been a subject of controversy several times since its inception, resulting in USDT plummeting to an all-time low of $ 0.88. Many people are concerned that Tether’s assets have never undergone a thorough inspection by a third party, which has raised questions about the veracity of Tether’s claims about their USD assets.

Tether (USDT) can be purchased from a wide variety of crypto exchanges. Actually, USDT’s average daily trading volume frequently matches or even surpasses Bitcoin’s. It is especially popular on platforms that don’t offer fiat-to-crypto trading pairs.

Some of the best-known crypto exchanges for buying and selling Tether are as follows: Binance, OKX, HitBTC, and HTX. By connecting your exchange accounts to Bitsgap, you can trade on all of those exchanges (15 in total) within a single interface. Follow Bitsgap’s crypto market cap calculator for live Tether price updates.

Bitsgap’s crypto aggregator and trading platform offers three different pricing plans: Basic, Advanced, and Pro.

On the Basic subscription plan, you can start 10 DCA and 2 GRID bots, as well as unlimited smart orders. On the Advanced plan, you’ll have up to 50 active DCA and 5 GRID bots, unlimited smart orders, futures bots, and trailing features.

The Pro plan provides the best value for money, allowing you to have up to 250 DCA and 25 GRID bots, unlimited smart orders and futures bots, as well as trailing and take profit features. The PRO plan is available for $ 119 a month if paid annually.

Choose your plan and subscribe today! Don’t forget to come back to Bitsgap’s awesome cryptocurrency calculator for live price information on your favorite coins.