Tether (USDT) Reaches Market Cap of $110.57 Billion

Tether (USDT) traded 0.1% higher against the U.S. dollar during the 24 hour period ending at 8:00 AM Eastern on May 2nd. Over the last seven days, Tether has traded 0% higher against the U.S. dollar. Tether has a market cap of $110.57 billion and $65.55 billion worth of Tether was traded on exchanges in the last day. One Tether token can now be purchased for approximately $1.00 or 0.00001699 BTC on exchanges.

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

• KILT Protocol (KILT) traded up 2.5% against the dollar and now trades at $0.29 or 0.00000491 BTC.
• 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 down 2.2% 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 1.2% higher 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 3.6% higher against the dollar and now trades at $0.0100 or 0.00000017 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Tether

Tether’s genesis date was October 6th, 2014. Tether’s total supply is 113,086,550,462 tokens and its circulating supply is 110,595,728,041 tokens. Tether’s official Twitter account is @tether_to and its Facebook page is accessible here. Tether’s official website 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.”

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 Gemini, Coinbase 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