Tether One Day Volume Tops $19.45 Billion (USDT)

Tether (USDT) traded up 0% against the dollar during the 24-hour period ending at 15:00 PM E.T. on May 26th. One Tether token can now be purchased for approximately $1.00 or 0.00003735 BTC on popular exchanges. In the last seven days, Tether has traded 0% higher against the dollar. Tether has a market capitalization of $83.11 billion and approximately $19.45 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 up 1.2% against the dollar and now trades at $0.34 or 0.00001258 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 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• OmniaVerse (OMNIA) traded 1.5% higher against the dollar and now trades at $0.0017 or 0.00000006 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 up 1.4% against the dollar and now trades at $0.0004 or 0.00000002 BTC.
• Lego Coin (LEGO) traded up 25.2% against the dollar and now trades at $0.0198 or 0.00000074 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 2% lower against the dollar and now trades at $0.0089 or 0.00000033 BTC.

Tether Profile

Tether was first traded on October 6th, 2014. Tether’s total supply is 86,090,638,895 tokens and its circulating supply is 83,090,267,890 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 buy alternative cryptocurrencies such as Tether directly using U.S. dollars. Investors seeking to trade Tether should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Gemini or Changelly. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Tether using one of the exchanges listed above.

USDT/USD price chart by TradingView