Tether (USDT) Market Capitalization Tops $67.55 Billion

   2022-08-21 11:08

Tether (USDT) traded down 0% against the dollar during the 24-hour period ending at 7:00 AM ET on August 21st. One Tether coin can currently be purchased for approximately $1.00 or 0.00004675 BTC on popular cryptocurrency exchanges. Tether has a market cap of $67.55 billion and $45.70 billion worth of Tether was traded on exchanges in the last 24 hours. During the last seven days, Tether has traded 0% lower against the dollar.



Here’s how related cryptocurrencies have performed during the last 24 hours:

  • JUMPN (JST) traded down 54% against the dollar and now trades at $5.46 or 0.00018651 BTC.
  • Tarality (TARAL) traded 5.5% higher against the dollar and now trades at $0.0009 or 0.00000004 BTC.
  • The Web3 Project (WEB3) traded 213.7% higher against the dollar and now trades at $517.71 or 0.02213862 BTC.
  • Sweet SOL (SSOL) traded 600.9% higher against the dollar and now trades at $0.0001 or 0.00000000 BTC.
  • Bitsubishi (BITSU) traded 37.7% higher against the dollar and now trades at $98.34 or 0.00428675 BTC.
  • XRP (XRP) traded 0.9% higher against the dollar and now trades at $0.34 or 0.00001611 BTC.
  • Wrapped Cardano (WADA) traded up 0.4% against the dollar and now trades at $0.46 or 0.00002159 BTC.
  • Enegra (EGX) (EGX) traded 0.1% lower against the dollar and now trades at $165.26 or 0.00772524 BTC.
  • Lido stETH (STETH) traded 0.6% lower against the dollar and now trades at $2,947.45 or 0.07417648 BTC.
  • Gateway Protocol (GWP) traded up 1.4% against the dollar and now trades at $3.26 or 0.00015250 BTC.

About Tether

Tether was first traded on October 6th, 2014. Tether’s total supply is 69,157,777,033 coins and its circulating supply is 67,549,562,651 coins. 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, “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 US dollars. Investors seeking to trade Tether should first purchase Bitcoin or Ethereum using an exchange that deals in US 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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