Tether (USDT)

65 Articles 2 Followers

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. 

 


Coinbase’s USDC Celebrates it’s One Year Anniversary

28 Sep 2019 1 minute read Cryptos.com $0.44 tipped

What is USDC? Created by Coinbase and Circle, USD Coin is a lot like Tether (USDT) as it’s referred to as a stablecoin. That means it is pegged to the US dollar, which is held in a bank account, and is always worth at least $1 when you swap it. USDC...

Is the Pump Coming for the Weekend?

2 weeks ago 1 minute read Yasin $0.14 tipped

On the first day of November, simultaneous transfers of both Tether ($USDT) and Bitcoin ($BTC) whales were seen. First the whales transferred exactly 10,000 Bitcoins, and then 35 million USDT transfers, bringing the total amount to 125 million dolla...

Tether on its worst day is far better than any bank on asset backed currency | Fireside chat with Brock Pierce

2 weeks ago 1 minute read CryptoTapas.com $0.21 tipped

Talking to the final day of the Coin Agenda from New York via Skype, Brock Pierce, the original member of the Mastercoin Foundation has mentioned some valuable points regarding the growth of crypto currencies.  Apologizing that he could not physicall...

Tether: Opinion

2 weeks ago 1 minute read pedrocunha1596 $0.40 tipped

No one really knows how much of tether is backed. The claim of 74% seems high to me. But compare that to traditional banks. They back up their deposits with just 10%, and they function well for decades. We all know it's a game of musical chairs, yet...

Risk at Tether and recent pump in Bitcoin

3 weeks ago 1 minute read Snow Under Sun $0.71 tipped

Many people happy about recent price pump of Bitcoin. Price increase is good, especially in this gloomy mood market enviroment. But.... what is the real reason of this pump ?   Let's remember what happen in Tether. 1- Bitfinex is sending 850 million...

Now About 12% of tether available in tron blockchain

3 weeks ago 1 minute read CryptoArgha $0.11 tipped

Major stable coin Tether (Usdt) has now 12% of its coins on Tron blockchain as Tokens  After a token $100 million dollar worth swap by tether blockchain to tron the total amount OF token on Tron sets as 12% of total tether   Started in the mid april...

New Binance Lending slot [16 October 2019]

15 Oct 2019 1 minute read NinoPi $0.21 tipped

Tomorrow at 2 pm the new Binance window opens, where it is possible to join the loans. The duration is 14 days. Here are the proposals: BUSD 14 days (10% annual  interest) BNB 14 days (6% annual  interest) BTC 14 days (3% annual  interest) ETH 14 day...

Tether (USDT) is a crypto to stay glued to. Here's why

12 Oct 2019 2 minute read Bookagenius $0.19 tipped

Yesterday, while taking a stroll through the environment of coinmarketcap (CMC), a particular coin caught my attention for the sixth time in a row. As at last year, precisely November 23 2018 when I first noticed it, it was at approximately $0.99. Th...

Curate Bitcoin 10/08/2019 by dobobs

8 Oct 2019 5 minute read dobobs $0.07 tipped

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of CURATION. Every investment and trading move involves risk. You should conduct your own research when making a decision. Current Market Pr...

Let’s talk about Bitfinex; and Tether.

8 Oct 2019 1 minute read Hippos4ever $0.28 tipped

I’m sure many of you reading have heard the news, or read it else where. Bitfinex MOST LIKELY (biased on public opinion) has/is manipulating the market using its own tokened currency on the ETH platform in the form of a ERC-20 token known as Tether....

Trial of Tether at the U.S court.

8 Oct 2019 1 minute read Snow Under Sun $0.17 tipped

Details of file against Tether & Bitfinex in the U.S court has been started to reveal. here is the link of entire complaints which are totally 51 pages in pdf format. https://www.courtlistener.com/docket/16298999/leibowitz-v-ifinex-inc/   Tether was...