Unlike most cryptocurrencies, which have their value intimately linked with supply and demand, Tether (USDT) is designed to resist volatility by having its value pegged to a non-volatile asset.
Created by Tether Limited, a company based in Hong Kong, Tether is supposed to represent a digital version of the US dollar, with each USDT unit supposedly being backed 1:1 with USD in the company’s bank accounts.
The Tether stablecoin is extremely popular among cryptocurrency traders, as there are no transaction fees when transferring USDT between Tether wallets and allows cryptocurrency holders to avoid volatility by ‘tethering’ — the process of exchanging another cryptocurrency for USDT.
The recent Bitcoin (BTC) rally might simply be the result of Tether (USDT) sales and capital flight from major cryptocurrency exchanges. Despite the latest bull run of digital assets, capital ...
Bitfinex has been shrouded in controversy but it seems like the exchange might get out of going bankrupt in the shadiest way possible. The exchange has finished their new token ...
Coming off the end of an extensive bear-period, it can be difficult to track which cryptocurrencies are a hot prospect and which are likely duds. Most of us have, at some ...
The New York State Attorney General (NYSAG) is suing cryptocurrency exchange Bitfinex and its stablecoin Tether (USDT) for fraud. State Attorney General Letitia James announced the results of a probe ...
Stablecoins were designed—in part—to maintain parity with fiat currencies. Typically, this is the United States Dollar (USD). However, several stablecoins have been unable to do this. In this analysis, we ...
As Bitcoin continued its resurgence over the past week, over-the-counter (OTC) trade deals in Chinese Yuan (CNY) have also been surging, even at disadvantageous conversion rates. The latest data indicates ...
Cumberland, a cryptocurrency OTC desk backed by trading firm DRW Holdings, has some interesting findings to report in the aftermath of what can be described as a green week for ...
Binance's market analysis team, Binance Research, has just released a report analyzing the correlation between Bitcoin's price and the rest of the market. 2017 and 2018 was a wild time ...
TRON, a blockchain that aims to be the standard protocol for the development of decentralized applications, will be adding a US dollar-pegged token on its network. The stablecoin partnering with ...
The latest cryptocurrency market dump brought Tether (USDT) into the spotlight as the undisputed king of 'The Crypto Winter.' 2019 picked up where 2018 had left off — in a ...
Months ago, the launch of new stablecoins like TrueUSD (TUSD), Paxos Standard Token (PAX), and USD Coin (USDC), some foresaw 2019 to be the year of stablecoins. They could be ...
Hong Kong-based cryptocurrency exchange Bitfinex announced the introduction of margin trading for USDT/USD on its trading platform, allowing users to trade Tether against the US dollar with up to 3.3x leverage. ...
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