Tether (USDT) Price Hits $1.00 on Major Exchanges

Tether (USDT) traded up 0.1% against the dollar during the one day period ending at 10:00 AM Eastern on March 8th. Over the last seven days, Tether has traded up 0.2% against the dollar. One Tether token can currently be bought for about $1.00 or 0.00001466 BTC on cryptocurrency exchanges. Tether has a market capitalization of $101.23 billion and $90.11 billion worth of Tether was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded down 5% against the dollar and now trades at $0.49 or 0.00000711 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 down 2.2% 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 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded 77.8% higher against the dollar and now trades at $0.0119 or 0.00000017 BTC.
  • Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
  • Lumi Credits (LUMI) traded up 0.6% against the dollar and now trades at $0.0104 or 0.00000015 BTC.
  • AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Tether Token Profile

Tether launched on October 6th, 2014. Tether’s total supply is 103,797,122,783 tokens and its circulating supply is 101,045,215,623 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 buy alternative cryptocurrencies such as Tether directly using U.S. dollars. Investors seeking to acquire Tether should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Gemini, GDAX or Coinbase. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Tether using one of the aforementioned exchanges.

new TradingView.widget( { “autosize”: true, “symbol”: “USDTUSD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “light”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “allow_symbol_change”: true, “container_id”: “tradingview_ca32a”} );

Receive News & Updates for Tether Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Tether and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.