With the new divisions, Tether aims to expand its mission to provide a range of new infrastructure solutions, investments and services.
Tether News
What is Tether? The Tether definition is fairly simple. Tether (USDT) is a stablecoin cryptocurrency, with each token aimed at tracking the value of 1 U.S. dollar. Assets pegged to the value of national currencies (fiat currencies) are called stablecoins. Participants can sell other cryptocurrencies for USDT to protect against volatility while maintaining the ability to send the asset to personal wallets or storage. Ethereum, as well as other blockchains, host USDT.
Trading a Bitcoin/Tether, or BTC/USDT, pair is an option on some crypto exchanges or platforms. Cointelegraph’s Tether Price Index shows various data on the asset, including its market cap, along with its price, which should remain close in value to the U.S. dollar.
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Binance’s billion-dollar emergency fund was previously held in three wallets: Bitcoin, Tether, True USD and BNB.
2445Tether CEO Paolo Ardoino says adding new players to the stablecoin landscape is crucial to increasing legitimacy in the eyes of regulators.
1702Ripple expects the stablecoin market to surpass $2 trillion by 2028 and aims to compete with Circle’s USDC and Tether USDT.
9586Leverage traders are nursing losses of over $165 million, as the price of Bitcoin tumbled 5%.
15444The independent audit represents the highest level of security compliance an organization can demonstrate.
4939The acquisition of 8,888 Bitcoin makes Tether the seventh-largest BTC holder.
10726The largest stablecoin issuers are non-European, but they will have to get compliant fast if they don’t want to lose ground on the continent.
11057Tether intends to “set new industry standards” with its open-source AI operations.
3596In February, Tron founder Justin Sun announced it was working on a Bitcoin layer-2 solution to intertwine its tokens with the Bitcoin network.
4556Some industry pundits say USDM has superior properties to USDT and USDC in that it can’t be frozen — but problems could arise if regulators demand action.
15732Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
10391The U.S. Attorney’s Office says this is one of the first times the U.S. has recovered USDT from an unhosted digital currency wallet.
5828Tether has entered a collaboration with Celo to enable “sub-cent transaction fees” for USDT and facilitate feasible microtransactions.
5014Pro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023.
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