News
The market cap of USDT swelled by 1 billion over nine days.
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Tether News
Tether is a cryptocurrency token that claims be backed by 1 dollar for each token issued. Tether may be explained as a hybrid between a cryptocurrency and fiat money, as its “tethered” to the value of fiat currencies. Tether usually uses a USDT currency, which is supposed to be worth exactly what USD is worth at the same period of time.
Tether can’t be an investment because the US dollar’s price is decreasing over time due to inflation, but neither it can be a speculative interest, because it most certainly would be around the same price for a long time.
Still, there are a few things about Tether that make it very suitable for crypto investors to use. Tether transactions mostly take a few minutes to complete, Tether charges no transaction fees for moving funds between Tether wallets, and it is a stable and fast resource to cash out and cash in when there is a difficult situation in the market.
- News
Nefarious parties are using flashloans in conjunction with stablecoins to steal DeFi funds from platforms.
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Privacy should be a key talking point from the beginning of CBDC development.
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Customers can now borrow money from crypto exchange Bitfinex.
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The attorneys representing the accused principal of shadow-bank Crypto Capital, Reggie Fowler, have filed motions to withdraw as his counsel.
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DragonEx is introducing a new withdrawal method in an effort to save its business.
11191 - Markets News
Bitcoin’s new highs come amid lots of new money pouring in via stablecoins.
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Does someone know something the public doesn't?
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Over 200 firms in Simplex’s network can enable euro cashouts from Tether.
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An Aussie company operating an aquaculture farm in Malaysia is conducting the first initial public offering to accept crypto assets in Australia.
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“Tether supports Peter McCormack and believes he's in the right,” said Stuart Hoegner.
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Retail investors are buying into Bitcoin, says CryptoQuant CEO.
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Of the 450 million new USDT tokens, more than 185 million have been distributed, with 126.9 million USDT going to Binance alone
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Tether accounts for a huge percentage of transactions and is taking on Bitcoin and Ethereum in a variety of ways
7437 - Market Analysis
Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume.
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