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. 

 


Tether Review – What Type of USDT to Accept Payments In and Why

25 Oct 2020 2 minute read 0 comments NOWPayments

Tether or USDT is one of the top cryptocurrencies that curtails the unpredictability factor usually associated with Bitcoin and Ethereum. There is absolutely no doubt about Bitcoin being volatile in nature. Although Bitcoin pioneered the cryptocurren...

Bitcoin, Ethereum & Tether are leading the Crypto charge

20 Oct 2020 3 minute read 3 comments fklivestolearn

The top 3 cryptos by market cap have developed use cases, moving them out of the category of speculative assets Cryptocurrency prices have been on the rise for the past few weeks. The march higher has been led by Bitcoin (BTC), the premier digital co...

Polarity.Exchange traders weekly cash giveaway!

19 Oct 2020 1 minute read 0 comments Samurai6

Here at Polarity.Exchange we value our traders so starting today we will be hosting a 50 dollar $USDT giveaway once a week for two random traders on our decentralized exchange. Every week our giveaway will randomly pick 2 trader who meets these crite...

Tether exactly what other cryptocurrencies want to be.

19 Oct 2020 1 minute read 0 comments Coincobra

Hello 🤑 Recently, some websites and experts have said that Tether will soon be overcome in market capitalization  by Ethereum.This means that after Bitcoin it will be the most traded in the cryptocurrency market. And the best with all the stability p...

Coinmonster

15 Oct 2020 1 minute read 0 comments Galaxie Crypto

Good morning, everyone. I hope you are doing well. Today, I will present a website that will allow you to collect several cryptocurrencies. A Faucet. That hawk is Coinmonster. It is a very simple site, little polluted by advertising that distributes...

Tether (USDT)... Super Market Cap

14 Oct 2020 2 minute read 0 comments odisseo

The latest Bloomberg Crypto Outlook speculates that Tether's (USDT) market capitalization could exceed that of Ethereum next year. This October report, published monthly by Bloomberg, is titled "Bitcoin Trend, Adding Zeros"; is written by Bloomberg S...

Tether Might Replace Ethereum's Position on Coinmarketcap

14 Oct 2020 1 minute read 5 comments Abhimanyu Krishnan

A report from Bloomberg published on October 5 suggests that Tether (USDT) could soon overtake Ethereum (ETH) in terms of market cap. The Bloomberg Crypto Outlook report for Q4 2020, which discussed various aspects of the market, states that Tether’...

China digital currency implementation continues with $1.5 million cash splash

13 Oct 2020 2 minute read 14 comments PVMihalache

Back in April, the Chinese Government started the ambitious plan to challenge the Bitcoin and international currencies such as Dollars, Euros and Sterling Pounds. They started a trial program for the official digital version of the yuan, with a limit...

Scammed for half my Crypto balance

6 Oct 2020 9 minute read 9 comments Nathan Teale

First and foremost I'm going to list the 3 major points to minimize being scammed. I don't mind if people don't read this entire article, I just don't want scammers to win.For anyone who doesn't want to be scammed please take this advice. 1. No matte...

A 101 Guide to OmiseGO (OMG)

3 Oct 2020 5 minute read 2 comments MintDice.com

When Bitcoin emerged onto the scene a number of years ago, proponents claimed it was a revolutionary way for the global society to quickly and cheaply transact money or value from anywhere in the world. The decentralized nature of the blockchain mean...