Tether One Day Volume Reaches $48.20 Billion (USDT)

Tether (USDT) traded up 0% against the dollar during the 24 hour period ending at 9:00 AM E.T. on August 4th. One Tether token can currently be purchased for approximately $1.00 or 0.00001564 BTC on major exchanges. Tether has a total market capitalization of $183.10 billion and $48.20 billion worth of Tether was traded on exchanges in the last day. During the last seven days, Tether has traded 0% higher against the dollar.

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

• 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.
• UZDT (UZDT) traded up 0% against the dollar and now trades at $1.00 or 0.00001565 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 2% against the dollar and now trades at $63,754.74 or 0.99813645 BTC.

Tether Token Profile

Tether’s genesis date was October 6th, 2014. Tether’s total supply is 189,097,136,389 tokens and its circulating supply is 183,285,704,316 tokens. Tether’s official Twitter account is @tether and its Facebook page is accessible here. Tether’s official website is tether.to.

According to CryptoCompare, “USDT is a stablecoin issued by Tether Limited, pegged to the US dollar and designed for use across multiple blockchains. It enables trading, payments, remittances and decentralised finance by offering a digital representation of the dollar with broad market liquidity. Tether states that each USDT is redeemable for $1 and backed by reserves comprising US Treasuries, cash equivalents and other assets. Reserve reports are published quarterly through attestations. USDT plays a central role in crypto market infrastructure and maintains the highest trading volume among stablecoins. It has undergone regulatory reviews in the US, including settlements with the NYAG and CFTC, and operates in line with its offshore framework. Tether continues to adjust its reserve composition and respond to evolving global standards while supporting the token’s role in digital finance ecosystems.”

Tether Token Trading

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

USDT/USD price chart by TradingView