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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.

Tether Launches USDT on Tezos

Tether Launches USDT on Tezos

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Tether, the world’s largest stablecoin by market capitalization, is now available on the Tezos proof-of-stake blockchain. The launch of Tether’s USDT comes after months of testing and beta testing by several prominent crypto exchanges. Binance Labs, Kraken, and KuCoin are among the companies that have tested Tether’s new blockchain asset. “We’re thrilled to welcome Tether to the Tezos community,” said Ryan Jesperson,...

$USDT, Cryptocurrencies, Front page, News, Tezos

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Tether Announces Reduction In Commercial Paper Reserves

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Tether’s commercial paper holdings have been reduced by 17% as the company seeks to improve the quality of its reserves. In its Consolidated Reserves Report released Thursday, the company indicated that it had reduced its commercial paper holdings from USD $24.2 billion to USD $20 billion during the first quarter of 2021. As of March 31, the end of the first quarter, Tether’s reserves were USD $82 billion of which 86% consisted of...

$USDT, Altcoins, Cryptocurrencies, Front page, News

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What is the difference between the main Stablecoins?

What is the difference between the main Stablecoins?

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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...

$USDT, Cryptocurrencies, Interviews, Stablecoins

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Tether could introduce new risks into securities markets

Tether could introduce new risks into securities markets

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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...

$USDT, Cryptocurrencies, Featured, Stablecoins

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