Tether is still under regulatory pressure with eyes now cast towards its commercial paper reserves.
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.
Tether’s general counsel said a full audit is coming in months.6597
Grant Horton has conducted an audit on USDC’s reserves, and Jim Cramer has questioned what’s going on with Tether’s commercial paper reserves.7576
Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC.3213
Powell stated that stablecoins need stricter regulations if they are to be part of the payment universe.3976
The vast majority of businesses in Africa don’t accept crypto as a payment method — and that’s something that this startup wants to change.2169
Fitch notes potential asset contagion risks posed by stablecoins could lead to tighter regulations for the industry.5892
Are stablecoins actually stable? Tether’s basket of reserve assets raises eyebrows as a new round of debate regarding backing begins.10851
Years of regulatory uncertainty around Tether could be offset by newfound investor confidence if an emerging insurance protocol for USDT gains traction.8726
Tether supplies on Ethereum are dwindling as USD Coin demand grows and grows.7646
Boston Federal Reserve President Eric Rosengren notes that Tether could be a "disruptor" to short term credit markets.13469
The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools.10503
CNBC’s Jim Cramer has sold off almost all of his BTC holdings, predicting bearish fundamentals will suppress Bitcoin’s price for the foreseeable future.8566
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation.9072
Looking to build a diversified crypto portfolio? DeFi, stablecoins and oracles are three cornerstone sectors to consider.72961