Tether Price Up 0% This Week (USDT)

Tether (USDT) traded up 0% against the U.S. dollar during the 1 day period ending at 22:00 PM E.T. on May 28th. One Tether coin can now be purchased for $1.00 or 0.00003464 BTC on exchanges. In the last seven days, Tether has traded up 0% against the U.S. dollar. Tether has a total market cap of $72.46 billion and approximately $35.85 billion worth of Tether was traded on exchanges in the last day.

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

  • Bitsubishi (BITSU) traded 118.8% higher against the dollar and now trades at $2,382.25 or 0.08259289 BTC.
  • JUMPN (JST) traded 54% lower against the dollar and now trades at $5.46 or 0.00018651 BTC.
  • XRP (XRP) traded down 1% against the dollar and now trades at $0.38 or 0.00001322 BTC.
  • Wrapped Cardano (WADA) traded 0.8% higher against the dollar and now trades at $0.46 or 0.00001598 BTC.
  • Enegra (EGX) (EGX) traded down 0.5% against the dollar and now trades at $146.43 or 0.00507687 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
  • Polkadot (DOT) traded up 2.1% against the dollar and now trades at $9.38 or 0.00032511 BTC.
  • Wrapped TRON (WTRX) traded 0.6% higher against the dollar and now trades at $0.0803 or 0.00000279 BTC.
  • Gateway Protocol (GWP) traded down 1.3% against the dollar and now trades at $2.52 or 0.00008729 BTC.
  • PLC Ultima (PLCU) traded up 0.7% against the dollar and now trades at $37,608.88 or 1.30390471 BTC.

Tether Profile

Tether launched on October 6th, 2014. Tether’s total supply is 79,713,622,662 coins and its circulating supply is 72,537,249,554 coins. 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 cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by traditional currency and cash equivalents held in the reserves of the Tether Limited and can be redeemed for 1 USD through the Tether Platform. USDT can be transferred, stored, spent, just like bitcoins or any other cryptocurrency. USDT and other Tether currencies were created to facilitate the transfer of national currencies, to provide users with a stable alternative to Bitcoin and to provide an alternative for exchange and wallet audits which are currently unreliable. USDT provides an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process according to its whitepaper. In the Tether Proof of Reserves system, the amount of USDT in circulations can be easily checked on the Bitcoin blockchain via the tools provided at Omnichest.info, while the corresponding total amount of USD held reserves is proved by publishing the bank balance and undergoing periodic audits by professionals (not publicly auditable yet). “

Tether Coin Trading

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

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