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Tether (USDT)

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Tether (USDT), launched in 2014 as a rebranding of RealCoin, is a stablecoin pegged to the United States Dollar. Like all stablecoins, it is used by investors to combat the volatility of the market. 

There are approximately 4 billion Tether tokens in circulation. Pegged on a 1:1 basis with the US Dollar, with 1 token being equivalent to 1 dollar, this means that Tether must back the entire supply with fiat or other assets - which has been the subject of a lot of attention.

Most recently, the New York Attorney General’s Office officially subpoenaed parent company iFinex, and alleged that Bitfinex and Tether were involved in covering $850 million in losses. The two entities vehemently opposed this, but the case is ongoing. Tether has long claimed that its reserves fully back all of the tokens in circulation.

Tether is closely associated with Hong Kong-based exchange Bitfinex. Bitfinex integrated Tether into the exchange in 2015, with management mostly being the same across the two entities. 

Tether claims that its supplies are 100% backed by traditional currency, cash equivalents, and “from time to time may include other assets and receivables from loans made by Tether to third parties.”

Tether, being a stablecoin, does not have much in the way of development in the near future. However, as a part of the stablecoin niche, it is competing with several other similar tokens. Stablecoins are a widely remarked upon trend in the market, as many find the stability a good way to overcome the volatile prices when trading. 

 


Tether Moves 500 million USDT from TRON to Ethereum

19 hours ago 1 minute read 2 comments Abhi K

On August 10, Tether (USDT) moved 500 million USDT from TRON (TRX) to Ethereum (ETH). Tether and a third party, which appears to be Binance, coordinated to swap the funds between blockchains Total supply has not changed Tether has explained that exc...

bnbusd trend analysis

11 Aug 2020 1 minute read 0 comments @bniv0123

Hello friends. In this article, I will talk about the bnbusdt analysis. Bnbusdt or bnbusd managed to get rid of the critical threshold and enter an upper rising period. It should not be unaware that it will create a resistance point for itself in th...

Poloniex and Bittrex File for Summary Judgement in Case that Involves Tether and Bitfinex

11 Aug 2020 1 minute read 2 comments Abhi K

According to court filings made on August 7, lawyers representing Poloniex and Bittrex have pushed for summary judgement in a case involving the two, as well Tether and Bitfinex. The parties have told Judge Katherine Polk Failla of the Southern Distr...

Bittrex and Poloniex called" unconvincing " accusations of market manipulation

10 Aug 2020 1 minute read 0 comments Danyakot

Cryptocurrency exchanges Bittrex and Poloniex have asked the court to consider a simplified case about their alleged assistance to Tether and Bitfinex in manipulating the market.According to lawyers for Bittrex and Poloniex, the charges are based "on...

Does StormGain Cloud Miner Mine More Than $10 USDT Free?

9 Aug 2020 1 minute read 1 comment XTRM

On my DAPP and Exchange travels this week, I decided... After being bombarded by folk stating that StormGain has a new Cloud Mining setup... To look into StormGain's new facility.  The promise of $10 in USDT tokens, and the ability to mine this amoun...

U.S authorities seizes $6.5 million in Crypto from "Banana Fund".

4 Aug 2020 1 minute read 0 comments alberdioni8406

The United States authorities more precisely, the Department of Justice (DoJ) in joint force with Secret Service (USSS), have seized more than $6 million in Crypto assets for a Ponzi scheme dubbed "banana fund". All actions to pursue the case were fi...

Tether on Tron Crosses $3.7 Billion

3 Aug 2020 1 minute read 0 comments ExponentialOne

Stablecoins like USDT, USDC, and Dai may end up being a major factor that brings in more everyday individual users to crypto. It may be an easier first step to understand crypto's use and technology in a stablecoin vs some of our other favorite block...

Crypto Analysis with Mr Pasquier| August 1

1 Aug 2020 1 minute read 0 comments Mickael Pasquier

Today we talk too much about Bitcoin (BTC) in this article and we give you three analytics so please if you support us with little tips. Bitcoin(BTC) Vs Tether(USDT) Bitcoin (BTC) the ranked 1st in coinmarketcap with over $213 Billion is now bulli...

Crypto Analysis with Mr Pasquier| July 30

30 Jul 2020 1 minute read 2 comments Mickael Pasquier

Ripple (XRP) VS Tether(USDT) “Long Term” Ripple (XRP) the ranked 3th in coinmarketcap with total of $10 Billion seems will try to surge up to the point $0.3 according to the 3 day chart, Ripple (XRP) exceed both the EMA 100 and the Resistance $0.22...

Crypto Analysis with Mr Pasquier| July 28

28 Jul 2020 1 minute read 0 comments Mickael Pasquier

Ethereum(ETH) vs Tether(USDT) On the weekly chart Ethereum(ETH) breakout the Descinding triangle and give us another chance to see it in the point $629, Ethereum(ETH) formed the Descinding triangle in 27 Jun '2019 the price of Ethereum(ETH) was $346...