USDT Surges Against CAD on Bybit

Tether, a cryptocurrency pegged to the US dollar, has seen its exchange rate surge against the Canadian dollar on Bybit. As of August 9th at 23:36 GMT+8, one unit of Tether (USDT) is equivalent to approximately $6.97525 CAD.

This represents an increase of 100% in value over the last 24 hours, according to Bybit's market data. The circulating supply of USDT stands at 183B units, with a total market capitalization of $255.50B CAD and a 24-hour trading volume of $28.54B CAD.

Bybit users can convert their USDT to CAD in real-time, without any conversion fees, thanks to the exchange's zero-fee policy.