Tether (USDT) Price Reaches $1.00 on Top Exchanges

Tether (USDT) traded down 0% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on March 18th. During the last week, Tether has traded 0% higher against the U.S. dollar. Tether has a total market cap of $143.41 billion and $55.98 billion worth of Tether was traded on exchanges in the last 24 hours. One Tether token can currently be purchased for approximately $1.00 or 0.00001230 BTC on major exchanges.

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

• Taiko (TAIKO) traded 2.9% lower against the dollar and now trades at $0.62 or 0.00000765 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 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.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.1% lower against the dollar and now trades at $82,698.77 or 1.01629222 BTC.
• SolvBTC (SOLVBTC) traded 1.8% lower against the dollar and now trades at $81,145.20 or 0.99856833 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Tether Profile

Tether was first traded on October 6th, 2014. Tether’s total supply is 144,883,884,303 tokens and its circulating supply is 143,425,881,726 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 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 Gemini, Changelly or Coinbase. 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