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. 

 


USDT vs USDC in the CeFi

24 Jan 2021 1 minute read 0 comments Pasucaru

In the CeFi (Centralized Finance) and especially in the stablecoin world (stable with respect to the $US) , what is the best choice?  My point of view has evolved about USDT (or Tether) since the SEC (U.S. Securities and Exchange Commission) targeted...

Earn 10% in 3 months by depositing USDT | Guadagna il 10% in 3 mesi depositando USDT.

23 Jan 2021 1 minute read 0 comments GRlab

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Stablecoins VS Traditional Cryptos for "Digital Cash" Purposes

22 Jan 2021 6 minute read 16 comments The Part Time Economist

In one of his most recent videos, cryptocurrency blogger Scott Cunningham made a fantastic presentation demonstrating why he considers BCH, LTC, and DASH to be the top three cryptocurrencies that could function as a form of digital cash. While Scott'...

The myth of liquidity provider fees

22 Jan 2021 2 minute read 11 comments ScreenTag

We all know that decentralized exchanges are promising liquidity providers a proportional share of the fees generated within each pair. If you go to Uniswap, for instance, you will see not only fees generated, but all recent transactions that generat...

MINE BITCOIN - 100% FREE 100% TRUE - CLOUD MINING

22 Jan 2021 1 minute read 0 comments DTR MONEYMAKER

Stormgain the platform that makes it possible. If you want to know how, keep reading this post. What is Stormgain?StormGain is an online trading platform designed for everyone. The platform offers an appropriate solution for those who seek to make a...

Tron surpasses Ethereum in Tether

21 Jan 2021 1 minute read 1 comment zeron

Tether transactions on the Tron blockchain surpassed the number of USDT transactions on the Ethereum blockchain for the 3rd week in a row. It is stated that the reason for this situation is the increase in transaction fees on the 2nd largest blockcha...

🗞 Daily Crypto News, January, 20th💰

20 Jan 2021 5 minute read 0 comments Crypto_Lemon

Welcome to the Daily Crypto News: A complete News Review, Coin Calendar and Analysis. Enjoy! 🗞 3 reasons Bitcoin abruptly dropped by 7.4% overnight The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 milli...

Stable coins like USDC will be used in US banks for settlement of payment transactions soon!!

20 Jan 2021 1 minute read 0 comments Greenchic

  Image Source  US Banks authorised to be validators of public Blockchains that create stable coin assets       Audited Stable stable coins like USDC have got more prominence now in the United States now with the country’s major regulator, the Offi...

USDT Reserve|Bitfinex: The government freezes funds before embezzlement? FTX Sam: Confirmed that it can be exchanged for USD

20 Jan 2021 1 minute read 0 comments Amber01

The case that the leading crypto exchange Bitfinex privately embezzled funds from its partner company Tether have been arguing in court since 2019. The New York Attorney General's Office (NYAG) believes that Bitfinex and Tether should submit "all loa...

Newbie Quest: Understanding USD Coin (USDC)

18 Jan 2021 3 minute read 4 comments Steven_BA

The third episode of the mini-series called Top 100 crypto-currencies continues today with USD Coin. If you want to check the previous two posts, just check them here: Newbie Quest: Understanding Stellar Lumens (XLM) and Newbie Quest: Understanding U...