Tether Price Hits $1.00 (USDT)

Tether (USDT) traded up 0% against the US dollar during the 24-hour period ending at 13:00 PM ET on July 3rd. Tether has a market capitalization of $112.52 billion and $51.59 billion worth of Tether was traded on exchanges in the last day. Over the last week, Tether has traded down 0.1% against the US dollar. One Tether token can currently be bought for $1.00 or 0.00001654 BTC on cryptocurrency exchanges.

Here is how related cryptocurrencies have performed over the last day:

• KILT Protocol (KILT) traded 4.9% lower against the dollar and now trades at $0.20 or 0.00000328 BTC.
• Aidi Finance (BSC) (AIDI) traded down 2.2% 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 1.9% higher 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 0.6% against the dollar and now trades at $0.0120 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 launched on October 6th, 2014. Tether’s total supply is 116,076,856,618 tokens and its circulating supply is 112,644,773,126 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 currently possible to purchase alternative cryptocurrencies such as Tether directly using US dollars. Investors seeking to acquire Tether should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Gemini. 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