Crypto markets are seeing slight gains, having overcome yesterday’s drop, with Bitcoin hovering around the $4,000 mark.
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.
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Two major crypto exchanges — Singapore-headquartered Huobi Global and Malta-based OKEx — have announced their support for the Tron-based version of stablecoin U...
- Hodler’s Digest
In this week’s Hodler’s Digest, Jay Clayton may not consider ETH to be a security, but the CBOE is over BTC futures contracts for now.
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A rephased description of the stablecoin’s backing appears to suggest it is not entirely backed by USD, undoing previous assurances.
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Stablecoin TrueUSD has partnered with audit firm Armanino to allow traders to conduct instant audits of the coin’s backing.
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Blockchain protocol Tron and USDT stablecoin issuer Tether have announced a partnership.
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by Helen Partz
Major crypto exchange Huobi Global has launched support for the Ethereum blockchain-based version of stablecoin Tether.
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Cryptocurrencies are today seeing a blood-red market rout, with virtually all of the top 20 coins posting losses of between 7 and 17 percent.
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Cryptocurrency exchange OKEx has launched Thai Baht trading support to its client-to-client platform.
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Phillip Potter has joined the advisory board of a new stablecoin clearing house project.
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Huobi.com is launching fiat-crypto trading services, with initial support for three USD-crypto trading pairs.
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Crypto exchange Bitfinex has introduced margin trading for stablecoin Tether, and plans to add support for other stablecoin pairings.
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The rumors surrounding Tether and its USDT stablecoin continue to swirl with reports of fresh evidence proving reserves.
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Top cryptocurrencies report moderate losses and Bitcoin briefly dips under the $3,200 mark in the past 24 hours.
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A recent analysis by Diar has found that stablecoins are becoming more widely adopted, seeing significant growth in on-chain transactions.
Editor’s Choice
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- Accepted: MakerDAO Vote to Raise DAI Stablecoin Stability Fee by 4% to 7.5% per Year
- Bitcoin Stays Over $4,000 as Top Cryptos See Slight Losses
- Metamask Browser Extension Default Settings Broadcast ETH Addresses to Visited Websites
- Bitcoin, Ethereum, Ripple, Litecoin, EOS, Bitcoin Cash, Binance Coin, Stellar, Tron, Cardano: Price Analysis, March 22