Read Tether (USDT) News, Opinion and Analyses Created By Users

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. 

 


Do zero reserve loans improve the tether supported by Bitfinex stocks?

8 hours ago 1 minute read 0 comments PassionCryptodotcom

Earlier this week, Tether (  USDT  ) made headlines to   freak out XRP   and take third place for the largest cryptocurrency by market capitalization. Confidence in main stablecoin appears to have returned, although Tether and Bitfinex are still invo...

What does the increase in demand for Tether imply?

27 May 2020 1 minute read 0 comments PassionCryptodotcom

The cryptocurrency market saw a huge portion of its gains wiped out by the Black Thursday crash in March. However, in all of the chaos that followed, stablecoins were the asset class that came out on top. More so, it was Tether , the oldest stablecoi...

Uphold launched new stable coin centre!!

22 May 2020 1 minute read 0 comments Hem123

Being a user of brave browser i have an uphold account and so today i got an email from uphold about theire announcement of launching theire new stablecoin  centre.  Overview of Uphold Uphold is a  cloud base universal asset exchange service rather t...

Tether's USDT has surpassed XRP By market capitilization.

21 May 2020 1 minute read 0 comments Blockchain Times

Stablecoin Tether has just replaced XRP as the third-largest cryptocurrency and has become the second-largest altcoin behind Ethereum's Ether (ETH). Tether's USDT has just surpassed XRP in market capitalization, becoming the third-biggest cryptocurre...

Tether Surpasses XRP in Market Cap

21 May 2020 1 minute read 0 comments Abhi K

At the time of publishing on May 21, Tether (USDT) has surpassed XRP in terms of market, taking the 3rd spot with $8.8 billion. XRP’s market cap falls short by roughly $41 million. A controversial stablecoin, Tether has frequently been in the news fo...

🔥🔥 [USDT] JOIN THE PROEX FLOOR EVENT REGISTER VERIFY ACCOUNT NOW 10 USDT | ROUND 2 (100% RECEIVED) 🔥🔥

13 May 2020 1 minute read 0 comments ngoctai93

🔥🔥 [USDT] JOIN THE PROEX FLOOR EVENT REGISTER VERIFY ACCOUNT NOW 10 USDT | ROUND 2 (100% RECEIVED) 🔥🔥 ————————————  WHO HAS JOINED ROUND 1 THEN CHECK AGAIN ACCOUNT (REQUEST ACCOUNT KYC) •• Event time from May 4 - 1/6 •• • Registration link: https://...

BitMax Rewards System - Lock Up Your BTMX Tokens!

12 May 2020 2 minute read 0 comments Sapphire

That's BitMax Not BitMex! BitMax is an exchange that may sometimes get confused with BitMex, the derivatives exchange. BitMax is a standard Crypto exchange that also offers futures trading, as well as leverage trading. However, it is more well known...

Whale Alert Report: BTC and Tether Whales Transfer a Total of $264 Million in Crypto

11 May 2020 1 minute read 0 comments Tokenhell.com

The Twitter bot and tracking service, Whale Alert that tracks large crypto transactions from and to crypto exchanges, has reported another major transaction that occurred between unknown wallets and major crypto exchanges caused by Bitcoin and Tether...

Over the past day, an unknown whale transferred about 250 million USDT to the Binance exchange.

10 May 2020 1 minute read 1 comment JamesBond007

121 million tokens were sent before the overnight fall in the Bitcoin exchange rate, the remaining amount-after. Transactions were recorded by the Whale Alert bot. Transaction 1 🚨 🚨 🚨 🚨 🚨 🚨 63,104,000 #USDT (63,192,021 USD) transferred from unknown w...

Stablecoins in Crypto market

10 May 2020 2 minute read 0 comments Kavi

  Crypto market is all about high volatile and probably short term trading . in 2015 , tether (USDT) entered in the market for the purpose to stablise the market with backed USDT which was pegged with US dollar in 1:1 ratio in terms of value. before...