Tether (USDT) Price Reaches $1.00 on Top Exchanges

Tether (USDT) traded up 0% against the U.S. dollar during the 24-hour period ending at 11:00 AM Eastern on March 6th. One Tether token can now be purchased for approximately $1.00 or 0.00001101 BTC on popular exchanges. Over the last week, Tether has traded up 0.1% against the U.S. dollar. Tether has a total market cap of $142.72 billion and approximately $85.66 billion worth of Tether was traded on exchanges in the last 24 hours.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Taiko (TAIKO) traded 1.8% higher against the dollar and now trades at $0.83 or 0.00000914 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 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.
• 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.
• SolvBTC (SOLVBTC) traded up 2.2% against the dollar and now trades at $90,461.06 or 0.99626965 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded up 1.8% against the dollar and now trades at $89,629.03 or 0.98710633 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

About Tether

Tether was first traded on October 6th, 2014. Tether’s total supply is 144,561,615,172 tokens and its circulating supply is 142,718,418,332 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.”

Buying and Selling Tether

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

USDT/USD price chart by TradingView