Tether Hits Market Capitalization of $114.39 Billion (USDT)

Tether (USDT) traded 0% lower against the dollar during the 24-hour period ending at 14:00 PM Eastern on August 1st. During the last week, Tether has traded 0.1% lower against the dollar. One Tether token can now be bought for $1.00 or 0.00001587 BTC on popular exchanges. Tether has a total market cap of $114.39 billion and $63.49 billion worth of Tether was traded on exchanges in the last 24 hours.

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

• KILT Protocol (KILT) traded 4% lower against the dollar and now trades at $0.17 or 0.00000266 BTC.
• 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 2.2% lower 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 1.2% higher 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 up 0.1% against the dollar and now trades at $0.0127 or 0.00000020 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Tether

Tether’s launch date was October 6th, 2014. Tether’s total supply is 117,068,083,204 tokens and its circulating supply is 114,495,496,587 tokens. The official website for Tether 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.”

Buying and Selling Tether

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

USDT/USD price chart by TradingView