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Tether USDT

crypto

Price History

$0.988$0.997$1.01$1.01
2017-11 · DCA start$1.01

Time underwater

How far below its previous all-time high the price sat, each month. 0% means a new high.

-2.4%-1.6%-0.8%0.0%
2017-112026-08 · -1.5%

Worst drawdown: −2%, peaking Dec 2017 and bottoming Oct 2018 — 12 months below the prior high before recovering.

DCA Backtest

Invested
$10,600
Value today
$10,583
Return
-0.2%
Months invested
106

Scenarios

Inflation — the same contributions merely keeping pace with CPI would be $12,432 today, so the real (inflation-adjusted) return is -14.9%.

Lump sum instead — $10,600 all at once in Nov 2017: $10,503 (-0.9%) — DCA came out ahead.

Worst timing — same monthly amount started at the all-time high (Dec 2018): $9,283 on $9,300 invested (-0.2%).

Backtests use monthly closing prices. Stock dividends aren’t reinvested, so long-run equity returns are understated.

If this saved you a spreadsheet — buy me a coffee.

Every start month at once

Each cell is the return-to-date of £/$/€100-a-month DCA started that month. Click a cell to load it in the backtest above. The ringed cell is the all-time-high start — the worst timing scenario.

JFMAMJJASOND
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
Legend:−50%−20%0%+50%+200%+1000%worst timing (ATH)Selected 2017-11: -0.2%

About Tether

Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. (CoinGecko)

It's a cryptocurrency categorised under stablecoins, with a market cap of about $183.3B.

It rates Medium-Low Risk at 2.0/5, meaning the rated factors are mostly sound, with one or two areas worth watching.

What pushes the score up: regulatory (5.0/5) and custody / bridge (4.0/5).

Scoring well: systemic / correlation at 1.0/5.

Not yet researched: supply & concentration, smart contract / technical. These are excluded from the score rather than guessed, so the real risk may be higher than what’s shown.

Ratings summarise sourced facts against fixed rules — not investment advice, and no substitute for your own diligence.

Risk Profile

Medium-Low Risk(2.0/5)73% rated

How these ratings work

Market / Volatility1.0/5 · weight 30%
  • Annualised volatility (3yr)1/50.30
  • Max drawdown from ATH1/52.4
  • Beta vs BTC1/50.00
Liquidity1.0/5 · weight 10%
  • 24h volume / market cap1/516.7
  • Top exchange % of volume1/512.5
  • Significant listings1/540.0
Supply & Concentrationunrated · weight 15%
  • Top 10 wallets % of supplynot yet researched
  • Unlocks in next 6mo, % of supplynot yet researched
  • Annual supply growth %not yet researched
Smart Contract / Technicalunrated · weight 12%
  • Audit statusnot yet researched
  • Admin key / upgradeabilitynot yet researched
  • Share of its mining algorithm (PoW)not yet researched
Custody / Bridge4.0/5 · weight 10%
  • Bridge reliance4/5centralized issuer attested only
Governance / Team1.0/5 · weight 10%
  • Team1/5doxxed track record
  • Largest staking operator, % of stakenot yet researched
Regulatory5.0/5 · weight 10%
  • Regulatory profile5/5deemed security or delisted
Systemic / Correlation1.0/5 · weight 3%
  • Correlation to BTC1/50.07

Linked Assets

Same sector, or return-correlated — worth knowing what else might move if this one does.