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.
Days ago, Bloomberg published a story uncovering some data about Tether and the company’s apparent solvency. Is this data reliable and does it actually prove anything? The crypto community can ...
The crypto market has been hit by upheavals in recent weeks, with the estimated value loss amounting to more than $90 billion. In simple terms, the entire scenario right now ...
Since peaking in nose-bleed territory last December, the entire cryptocurrency asset class has suffered the sort of sustained and universal meltdown that few could have foreseen. Most major cryptocurrencies are ...
The cryptocurrency ascension was spectacular and enthusiastic. However, when the dust settled, it became clear that one of the main disappointments is still poor mass adoption. This failure is often ...
The US Department of Justice (DoJ) is probing Tether (USDT) — a popular USD-backed stablecoin — for its possible role in illegal market manipulation aimed at driving the Bitcoin price ...
Tether Limited, the creator of Tether (USDT), has recently confirmed rumors that it has formed a banking relationship with Deltec Bank & Trust Limited — a private bank operating out of the ...
Bitfinex recently re-opened fiat deposits after yesterday's Tether (USDT) rumor meltdown created a huge premium on the price of Bitcoin and other major cryptocurrencies on the exchange. Still, some are ...
The cryptocurrency market's top-ranked 'stablecoin,' Tether (USDT) — which is supposed to be pegged to the US dollar — took a nosedive this morning to $0.86 on some exchanges. Many ...
Monday morning brought with it a sharp spike in the total cryptocurrency market cap value as the Bitcoin and altcoin markets surged — many coins gaining around 3-5 percent. Is ...
Barry Eichengreen, a professor of economics at the University of California, Berkeley, and a former senior policy adviser at the International Monetary Fund, wrote an article titled "Why 'stable coins' ...
A new stablecoin has hit the market today — and this one is backed by the Winklevoss twins' Gemini Trust Company. As reported by Fortune, the New York Department of ...
Four cryptocurrency exchanges — including market leader Binance — are throwing money into Terra, a new stablecoin. Stablecoins are sometimes-controversial cryptocurrencies meant to provide a safe haven for those looking ...
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