Tether Price Reaches $1.00 on Major Exchanges (USDT)

Tether (USDT) traded up 0% against the U.S. dollar during the twenty-four hour period ending at 16:00 PM Eastern on May 14th. In the last week, Tether has traded down 0.1% against the U.S. dollar. One Tether coin can currently be purchased for about $1.00 or 0.00003382 BTC on cryptocurrency exchanges. Tether has a market capitalization of $76.62 billion and approximately $59.22 billion worth of Tether was traded on exchanges in the last 24 hours.

Here’s how similar cryptocurrencies have performed in the last 24 hours:

  • JUMPN (JST) traded 25.9% lower against the dollar and now trades at $64.64 or 0.00181864 BTC.
  • XRP (XRP) traded 2.3% lower against the dollar and now trades at $0.42 or 0.00001409 BTC.
  • Wrapped Cardano (WADA) traded down 6% against the dollar and now trades at $0.51 or 0.00001741 BTC.
  • Enegra (EGX) (EGX) traded down 0.9% against the dollar and now trades at $158.20 or 0.00535696 BTC.
  • Polkadot (DOT) traded 3.9% higher against the dollar and now trades at $11.24 or 0.00038070 BTC.
  • PLC Ultima (PLCU) traded 0.1% higher against the dollar and now trades at $61,663.84 or 2.08800292 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
  • Mad Viking Games (MVG) traded flat against the dollar and now trades at $1.41 or 0.00004784 BTC.
  • Gateway Protocol (GWP) traded 12.5% higher against the dollar and now trades at $2.56 or 0.00008662 BTC.
  • Wrapped TRON (WTRX) traded down 4% against the dollar and now trades at $0.0718 or 0.00000243 BTC.

Tether Profile

Tether launched on October 6th, 2014. Tether’s total supply is 79,713,622,671 coins and its circulating supply is 76,708,151,375 coins. Tether’s official Twitter account is @Tether_to and its Facebook page is accessible here. Tether’s official website is tether.to.

According to CryptoCompare, “USDT is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by traditional currency and cash equivalents held in the reserves of the Tether Limited and can be redeemed for 1 USD through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency. USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process according to its whitepaper. In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals (not publicly auditable yet). “

Tether Coin 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 Gemini, GDAX or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Tether using one of the exchanges listed above.

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