Some 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.
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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Only EUR and USDC trading pairs will be supported on the platform in the EU area going forward, according to the message.
4744The 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.
5531Tether has entered a collaboration with Celo to enable “sub-cent transaction fees” for USDT and facilitate feasible microtransactions.
4522Pro-Bitcoin Senator Cynthia Lummis is drafting regulations for stablecoins after attacking major stablecoin firm Tether in 2023.
43126Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
12582Tether will allow users to move their USDT between blockchains if any of the operated blockchains become unresponsive.
18393The largest stablecoin by market capitalization has gotten even larger, with Tether hitting a record $100 billion market cap.
28546Over a year after alleging fraud and money laundering associated with Tether and Bitfinex, The Wall Street Journal has removed any mention of Christopher Harborne and his business from the article.
5626Bitfinex tech chief Paolo Ardoino and Blockstream chief Adam Back talked about BTC adoption and asset tokenization in a livestream.
2653Tether did not specify whether it plans to drop support for Tron after rival Circle dumped the network over safety concerns.
8112Bitcoin could see trouble cracking through newly-laid ask liquidity above $50,000, the latest analysis concludes.
7772Tether’s robust performance in 2023 shows rising demand for stablecoins and closer ties between crypto firms and the traditional financial system.
22308Education provides the tools to catalyze the rewriting of economic history, CEO Paolo Ardoino said.
4332The stablecoin issuer saw “record-breaking net profit” in the last quarter of 2023, primarily due to earnings from U.S. Treasury securities.
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