Tether Market Cap Reaches $96.71 Billion (USDT)

Tether (USDT) traded 0% higher against the dollar during the 1 day period ending at 23:00 PM ET on February 12th. Tether has a total market capitalization of $96.71 billion and $51.06 billion worth of Tether was traded on exchanges in the last 24 hours. During the last seven days, Tether has traded 0.2% higher against the dollar. One Tether token can now be purchased for approximately $1.00 or 0.00002004 BTC on major exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded 0.4% lower against the dollar and now trades at $0.33 or 0.00000664 BTC.
  • 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 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.
  • Kitty Inu (KITTY) traded up 1.9% against the dollar and now trades at $95.84 or 0.00338062 BTC.
  • Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
  • Lego Coin (LEGO) traded up 53.5% against the dollar and now trades at $0.0155 or 0.00000031 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 up 0.9% against the dollar and now trades at $0.0091 or 0.00000019 BTC.
  • AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.

About Tether

Tether was first traded on October 6th, 2014. Tether’s total supply is 99,600,626,149 tokens and its circulating supply is 96,668,335,178 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.”

Buying and Selling Tether

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

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