Tag: USDT

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.

What is the difference between the main Stablecoins?

What is the difference between the main Stablecoins?

By Julián García. To begin with, it is important to understand what stablecoins are. A stablecoin, such as USDT, USDC or DAI, is a stable cryptocurrency that is equivalent to one US dollar. For this reason they serve to quote the price of the rest of the cryptocurrencies and carry out transactions in the digital world without the need to resort to fiat money. As you might imagine, not all stablecoins are the same, in fact, they all have different advantages. Here is a brief explanation of each one: Tether (USDT)  is a stablecoin issued by a Hong Kong-based company called Tether Limited, which supports its issuance through...

Cryptocurrencies, Stablecoins, USDT

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Tether could introduce new risks into securities markets

Tether could introduce new risks into securities markets

Stablecoins like Tether (USDT), which is already a major participant in the $1.1 trillion commercial paper market, may bring new risks into short-term securities markets, according to Fitch Ratings, a worldwide ratings firm.  The rating agency had already issued a warning in July that stablecoins had the potential to destabilize credit markets in the short term. Tether has recently agreed to pay $41 million in a settlement with the US Commodity Futures Trading Commission for “misleading” investors about the number of its reserves. adding the latest consequence of the Biden administration’s wider assault on cryptocurrency...

Cryptocurrencies, Featured, Stablecoins, USDT

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tZERO Crypto Continues to Grow Crypto Footprint with the Launch of Five New Crypto Assets

Bitcoin Cash (BCH), Stellar Lumen (XLM), Cardano (ADA), Compound (COMP), & Uniswap (UNI) Are Now Available on the tZERO Crypto App October 04, 2021 10:00 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–tZERO, a leader in blockchain innovation and liquidity for digital assets, announced today that the tZERO Crypto app, a cryptocurrency trading platform, now supports Bitcoin Cash (BCH), Stellar Lumen (XLM), Cardano (ADA), Compound (COMP), and Uniswap (UNI), increasing, as previously announced, its current cryptocurrency offering to 15 coins. tZERO Interim CEO and Chief Legal Officer Alan Konevsky stated, “We...

#ADA, Bitcoin, Blockchain, Cryptocurrencies, Ethereum, Press release, USDT

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KuCoin Launches Crypto Black Friday to Give Away 1,000,000 USDT Worth of Prizes

September 28, 2021 08:00 PM Eastern Daylight Time VICTORIA, Seychelles–(BUSINESS WIRE)–KuCoin, a global leading crypto exchange, is thrilled to announce the launch of KuCoin Crypto Friday, which is the Black Friday for cryptocurrency holders. The event is scheduled from September 29 to October 10, and it is going to give away a total prize pool of 1,000,000 USDT. “KuCoin Crypto Friday is an exclusive event designed by KuCoin that enables users around the globe involving with crypto in various entertaining and interactive ways” KuCoin Crypto Friday was born to further promote and popularize cryptocurrency in an...

Blockchain, Cryptocurrencies, Exchanges, Press release, USDT

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DucatusX Begins Trading on Pancake Swap

The digital token focused on powering an entire economy on cryptocurrency August 01, 2021 06:10 AM Eastern Daylight Time NEW YORK–(BUSINESS WIRE)–Ducatus, a FinTech start-up whose vision is to make user-oriented blockchains available to everyday people, announced that its DucatusX (DUCX) token will begin trading on Pancake Swap today. The company is working towards realizing a purely cashless economy where digital payments are used for necessities, food, shelter, and comfort. DUCX, a fork of Ethereum, is an important part of this digital framework. “This Sunday, August 1st at 11:00 AM Dubai Time, DUCX will be available...

Cryptocurrencies, Press release, USDT

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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 critics USDT 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 ecosystem Tether 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, Exchanges, 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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