Tether is designed as a blockchain-based cryptocurrency whose digital coins in circulation are backed by the same value as traditional fiat currencies.
The U.S. Dollar Index inched lower by 0.04% to trade at 90.843 index points.
The U.S dollar index is on track for a 0.5% weekly gain following record-buying at the start of the week
Oil prices were under pressure on fears of recent lockdown measures sighted in China.
The U.S. Dollar Index which tracks the greenback against a basket of major currencies inched up 0.05% to 90.4020.
The U.S dollar index used to track the greenback's strength against major currencies gained 0.4% to trade at 90.377.
U.S. Dollar Index traded at 90.427 points hitting its lowest level since April 2018,
Tether Treasury minted a whopping 150 million USDT as observed on Whale Alert, an advanced blockchain tracker.
The U.S. Dollar Index traders use in tracking the greenback's relative strength against a basket of other major currencies dipped lower by 0.11%.
Currency traders' recent moves in the money market will continue to put the U.S dollar under pressure in the short term.
