Tether Price Hits $1.00 on Top Exchanges (USDT)

Tether (USDT) traded 0% higher against the US dollar during the 24-hour period ending at 0:00 AM Eastern on August 21st. Tether has a market cap of $117.47 billion and approximately $54.74 billion worth of Tether was traded on exchanges in the last 24 hours. During the last week, Tether has traded up 0% against the US dollar. One Tether token can now be purchased for approximately $1.00 or 0.00001649 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 1.7% against the dollar and now trades at $0.0448 or 0.00000073 BTC.

About Tether

Tether’s launch date was October 6th, 2014. Tether’s total supply is 120,258,419,916 tokens and its circulating supply is 117,426,141,388 tokens. Tether’s official website is tether.to. Tether’s official Twitter account is @tether_to and its Facebook page is accessible here.

According to CryptoCompare, “Tether (USDT) is a stablecoin, a digital currency that is pegged to the value of US dollar. It is issued by a centralized company called Tether and is used to minimize volatility in an investor’s portfolio. It is also widely accepted as a payment method and is supported on multiple blockchains. USDT is often used in conjunction with cryptocurrency debit cards and is popular in the decentralized finance (DeFi) space for lending and borrowing. It is the third-largest cryptocurrency by market capitalization and is backed by reserves in cash and cash equivalents, allowing token holders to redeem their USDT for USD. Tether has also issued other stablecoins pegged to the value of other fiat currencies and commodities, such as the Chinese Yuan, the Euro, and gold.”

Tether Token Trading

It is usually not presently possible to purchase alternative cryptocurrencies such as Tether directly using US dollars. Investors seeking to trade Tether should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Tether using one of the aforementioned exchanges.

USDT/USD price chart by TradingView