USDT (or Tether) is a stablecoin on the Ethereum blockchain. Tether is an asset-backed token pegged to the US dollar. They are backed by real fiat currency and other assets held in Tether reserve. Those assets include cash, currencies, and marketable securities. They are redeemable in accordance with Tether Limited’s terms of service.

Tether Audit and Binance Investigation - What’s the Future of Stablecoins?

Tether Audit and Binance Investigation – What’s the Future of Stablecoins?

Stablecoins like USDT have come under fire in recent weeks, casting a doubt on the entire stablecoin market.SINGAPORE May 24 2021 (Blockchain Wire) Stablecoins have been an important part of the cryptocurrency industry for a long time. They are built as a way of storing digital currency with a stable value that is pegged to a fiat currency, in this instance: USD. But the actual stability and security of some of the biggest stablecoins have long been a murky area. Especially with the biggest stablecoin around, USDT (Tether).Tether’s recent audit hasn’t stopped the criticsUSDT recently hit the news...

Press release, Stablecoins, USDT

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Tether Tokens (USDt) to Launch on Avalanche

Tether Tokens (USDt) to Launch on Avalanche

Largest stablecoin by market cap will launch natively for Avalanche’s DeFi ecosystemTether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization, will launch Tether tokens (“USDt”) on Avalanche, an open-source platform for launching highly decentralized applications, new financial primitives and interoperable blockchains.Avalanche is a decentralized smart contracts platform built for the scale of global finance. The protocol is designed as a highly scalable ecosystem with the aim of delivering near-instant transaction finality...

DeFi, Press release, USDT

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tether bitfinex

Tether, Bitfinex, summary

Back in April 2019, New York accused Bitfinex of using Tethers’s funds to cover up $850 million in losses. [5]The New York attorney general’s office settled Tuesday a nearly two-year investigation into the finances and corporate practices of the companies that operate the Bitfinex cryptocurrency exchange and the stablecoin tether. [1]New York Attorney General Letitia James said Bitfinex claimed its so-called ‘stablecoin’, Tether, was backed by one-for-one holdings in U.S. dollars. [3]The State of New York shut down the the digital currency trading platform Bitfinex Tuesday, accusing it of hiding losses and deceiving...

Cryptocurrencies, Exchange, Featured, USDT

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Invictus: How Smart Money is Being Invested

How Smart Money is Being Invested

GEORGE TOWN, CAYMAN ISLANDS Feb 18 2021 (Blockchain Wire) With a flurry of renewed interest in crypto assets and multiple new opportunities to make profits, the vast majority of us can’t help but tentatively listen to that voice whispering in our ear: remember 2018. The bull run throughout 2017 ended in tears for many, as early 2018 saw the market enter into an abrupt and prolonged bear cycle that lasted the better part of three years. “This time is different though,” as we’ve heard from many of the industry’s professionals, and yes, this time is different from a fundamental perspective. What was largely retail speculation...

Blockchain, Press release, USDT

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