Tether (USDT) Price Reaches $1.00 on Top Exchanges

Tether (USDT) traded up 0% against the U.S. dollar during the one day period ending at 21:00 PM E.T. on June 25th. Tether has a total market cap of $112.82 billion and approximately $51.78 billion worth of Tether was traded on exchanges in the last 24 hours. One Tether token can now be purchased for $1.00 or 0.00001613 BTC on popular cryptocurrency exchanges. In the last week, Tether has traded 0% higher against the U.S. dollar.

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

• KILT Protocol (KILT) traded up 2% against the dollar and now trades at $0.21 or 0.00000336 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 2.6% against the dollar and now trades at $0.0111 or 0.00000018 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 116,076,856,625 tokens and its circulating supply is 112,829,626,104 tokens. Tether’s official Twitter account is @tether_to and its Facebook page is accessible here. The official website for Tether is tether.to.

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 U.S. dollars. Investors seeking to trade Tether should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Tether using one of the exchanges listed above.

USDT/USD price chart by TradingView