Tether (USDT) Hits 24 Hour Volume of $624.47 Million

Tether (USDT) traded 0% higher against the U.S. dollar during the 24-hour period ending at 10:00 AM Eastern on February 10th. Over the last seven days, Tether has traded down 0% against the U.S. dollar. Tether has a total market cap of $141.66 billion and approximately $624.47 million worth of Tether was traded on exchanges in the last day. One Tether token can now be purchased for about $1.00 or 0.00001026 BTC on cryptocurrency exchanges.

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

• GMX (GMX) traded up 6.1% against the dollar and now trades at $24.52 or 0.00025155 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.
• 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 down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 1.4% higher against the dollar and now trades at $97,279.88 or 0.99809456 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 9.6% higher against the dollar and now trades at $96,728.61 or 0.99243850 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.

Tether Token Profile

Tether’s genesis date was October 6th, 2014. Tether’s total supply is 143,570,568,866 tokens and its circulating supply is 141,618,460,040 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, “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 presently possible to buy alternative cryptocurrencies such as Tether directly using US dollars. Investors seeking to trade Tether should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or GDAX. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Tether using one of the aforementioned exchanges.

USDT/USD price chart by TradingView