The digital currency traded at $1.04 at 10:05 a.m. HK/SIN, according to CoinMarketCap data, and was up 3.23 percent from a day ago. It had a market cap of $1.69 billion.
On the other hand, the site showed that major cryptocurrencies like bitcoin, ethereum and ripple were down 15, 16 and 24 percent over the same period, respectively.
Last year, tether was reportedly hacked and nearly $31 million worth of its tokens were stolen.