Tether (USDT) Trading Up 0% Over Last Week

Tether (USDT) traded up 0% against the U.S. dollar during the one day period ending at 9:00 AM ET on February 25th. One Tether token can now be purchased for approximately $1.00 or 0.00001509 BTC on major cryptocurrency exchanges. Tether has a market capitalization of $183.62 billion and approximately $77.04 billion worth of Tether was traded on exchanges in the last day. Over the last seven days, Tether has traded up 0% against the U.S. dollar.

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

• 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 2.2% lower 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.
• Hokkaidu Inu (HOKK) traded 1.2% higher 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 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC (SOLVBTC) traded up 5% against the dollar and now trades at $66,147.09 or 0.99842720 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.2% higher against the dollar and now trades at $64,920.62 or 0.99826276 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

Tether Token Profile

Tether’s genesis date was October 6th, 2014. Tether’s total supply is 187,939,981,263 tokens and its circulating supply is 183,624,238,442 tokens. The official website for Tether is tether.to. Tether’s official Twitter account is @tether_to and its Facebook page is accessible here.

According to CryptoCompare, “USDT is a stablecoin issued by Tether Limited, pegged to the US dollar and designed for use across multiple blockchains. It enables trading, payments, remittances and decentralised finance by offering a digital representation of the dollar with broad market liquidity. Tether states that each USDT is redeemable for $1 and backed by reserves comprising US Treasuries, cash equivalents and other assets. Reserve reports are published quarterly through attestations. USDT plays a central role in crypto market infrastructure and maintains the highest trading volume among stablecoins. It has undergone regulatory reviews in the US, including settlements with the NYAG and CFTC, and operates in line with its offshore framework. Tether continues to adjust its reserve composition and respond to evolving global standards while supporting the token’s role in digital finance ecosystems.”

Tether Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as Tether directly using US dollars. Investors seeking to trade Tether should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Tether using one of the exchanges listed above.

USDT/USD price chart by TradingView