Tether (USDT) Reaches Market Cap of $118.37 Billion

Tether (USDT) traded 0% lower against the U.S. dollar during the 24-hour period ending at 11:00 AM ET on September 10th. In the last seven days, Tether has traded 0% higher against the U.S. dollar. Tether has a market cap of $118.37 billion and approximately $52.40 billion worth of Tether was traded on exchanges in the last 24 hours. One Tether token can currently be purchased for about $1.00 or 0.00001757 BTC on popular exchanges.

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

• 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 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 up 1.2% 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.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded up 0.3% against the dollar and now trades at $0.0636 or 0.00000112 BTC.
• 2G Carbon Coin (2GCC) traded down 0.4% against the dollar and now trades at $0.0480 or 0.00000183 BTC.

About Tether

Tether’s launch date was October 6th, 2014. Tether’s total supply is 120,240,893,175 tokens and its circulating supply is 118,369,316,856 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 currently 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 Coinbase, Gemini or GDAX. 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