Tether (USDT) is currently trading at $1.00, with a minimal 24-hour change of 0.02338%. The daily trading range has remained tight, fluctuating between $1.001 and $1, indicating strong price stability typical of a stablecoin.

Trading volume over the last 24 hours stands at approximately $95.67 billion, which represents 60.23% of the market capitalization, suggesting robust liquidity. The hourly moving averages show consistent pricing at $1.00, with minor negative deviations of up to 0.03%, reinforcing the perception of stability around the peg.

The 1-hour RSI at 35 indicates a potential oversold condition, while the 7-day RSI at 48 shows a neutral momentum, reflecting limited upward or downward price pressure. Price changes over the past week, 14 days, and 30 days have been marginally positive, with the most significant gain of 0.0333% over the last month.

Given that USDT serves as a stablecoin, it is designed to maintain its value around $1, and the historical high of $1.32 provides context for its price stability. The lack of significant volatility and the close adherence to its peg suggest that Tether is functioning as intended, serving its role in the market effectively.

Considering the current market data, the consistent price stability, and the healthy liquidity, Tether (USDT) is rated as a Hold. While there are no immediate signals for a price decline or surge, maintaining USDT as a reserve is advisable due to its role in facilitating trading and market entry.