Tether (USDT) Price Hits $1.00

Tether (USDT) traded 0% lower against the dollar during the one day period ending at 10:00 AM Eastern on May 9th. One Tether token can currently be bought for $1.00 or 0.00001638 BTC on major cryptocurrency exchanges. In the last seven days, Tether has traded down 0% against the dollar. Tether has a market cap of $110.91 billion and approximately $45.03 billion worth of Tether was traded on exchanges in the last 24 hours.

Here is how related cryptocurrencies have performed in the last 24 hours:

• KILT Protocol (KILT) traded 0.2% higher against the dollar and now trades at $0.30 or 0.00000489 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 up 1.9% 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.
• Lego Coin (LEGO) traded flat against the dollar and now trades at $0.0086 or 0.00000013 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 1.6% higher against the dollar and now trades at $0.0104 or 0.00000017 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Tether Profile

Tether’s genesis date was October 6th, 2014. Tether’s total supply is 113,086,550,461 tokens and its circulating supply is 110,955,976,511 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.”

Buying and Selling Tether

It is usually not possible to purchase alternative cryptocurrencies such as Tether directly using U.S. dollars. Investors seeking to acquire Tether should first purchase Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. 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