Yes, the price of USDT is relatively volatile. Reasons for its volatility include decoupling from the U.S. dollar, market sentiment, speculation and competition. USDT has higher volatility compared to other stablecoins, likely due to its larger market share and trading volume.
#Is USDT price volatile?
Yes, USDT price fluctuations are relatively large and more volatile than other stablecoins.
Reasons for USDT’s volatility:
Comparison with other stablecoins:
USDT has higher volatility compared to other stablecoins such as USDC and BUSD. This is likely due to its larger market share and higher trading volume, which makes it more susceptible to market sentiment.
It should be noted that the price fluctuations of USDT are not always violent. Under stable market conditions, its price can remain relatively stable, close to $1. However, USDT prices may experience large fluctuations during periods of market volatility or when major events occur.
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