Home Coins Tether (UDST)

Tether (UDST)

Tether is a cryptocurrency token issued on the Bitcoin blockchain. According to the Tether team, each USDT is backed by one US Dollar. The goal is to facilitate transactions with a rate fixed to the USD.

Amongst other things, Tether looks to fix some of the legal issues which can arise when trading cryptocurrencies and it aims to protect people from market volatility.

Tether has faced constant scrutiny over the years, in particular with regards to whether or not their currency is truly backed by USD.

[mcrypto id="16684"]

Adjusted transaction quantity for stablecoins hit new all-time excessive in June: knowledge

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The adjusted transaction quantity for stablecoins hit a brand new all-time excessive in June, in line with knowledge collected by The Block. The event...

Market Wrap: Bitcoin Hits $9.6K as Bullish Crypto Sentiment Returns

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Bitcoin’s worth is rallying and merchants additionally more and more see funding alternatives on the Ethereum community.  Bitcoin (BTC) was buying and selling round...

Tether’s Provide on Compound Jumps to Over $224M in a Week

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Tether’s quantity on decentralized lender platform Compound has soared as merchants attempt to maximize the quantity of COMP they obtain. Information from Compound exhibits...

JPMorgan says bitcoin handed its ‘first actual stress check’ throughout March’s international financial turmoil

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Bitcoin efficiently handed its "first actual stress check" throughout March’s international financial turmoil brought on by the coronavirus (COVID-19) pandemic, in accordance with...

The full provide of stablecoins has grown 94% since early February

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The full provide of issued stablecoins has grown 94% since early February, in keeping with The Block Analysis's findings. In that point, the overall...

Seed CX is closing its alternate enterprise to concentrate on settlement infrastructure

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Seed CX is shutting down its alternate enterprise to concentrate on its settlement product, in keeping with an announcement from the corporate. Tomorrow...

Seed CX is closing its alternate enterprise to give attention to settlement infrastructure

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Seed CX is shutting down its alternate enterprise to give attention to its settlement product, in line with an announcement from the corporate....

Coinbase Custody Deleted Tweet That Might Clarify Surge in Tether Addresses

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In a now-deleted tweet, Coinbase Custody Worldwide introduced it was including assist for withdrawals and deposits within the stablecoin tether.  Whereas that Might 30...

Algorand Basis launches accelerator program with as much as $265Okay funding help per startup

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The Algorand Basis has launched an Asia-focused accelerator program to draw tasks constructing out on its native proof-of-stake blockchain community. This system would supply...

Bittrex, Poloniex Added to Lawsuit Claiming Tether Manipulated Bitcoin Market

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A lawsuit alleging stablecoin issuer Tether and sister alternate Bitfinex manipulated the bitcoin market is getting larger. On Wednesday, cryptocurrency exchanges Bittrex and Poloniex...

Bitcoin might attain $20,000 this 12 months, says Bloomberg strategist

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Bitcoin is predicted to proceed rising and attain $20,000 this 12 months, in line with Bloomberg Intelligence's senior commodity strategist Mike McGlone. Each technical...

Amended lawsuit filed in opposition to Bitfinex and Tether for allegedly manipulating crypto market,...

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Amended lawsuit filed in opposition to Bitfinex and Tether for allegedly manipulating crypto market, Bittrex and Poloniex added as new defendants - The...

Coinbase cuts rewards on USDC stablecoin holdings by almost 90%

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Crypto trade Coinbase has slashed rewards on USDC stablecoin holdings by round 90%. Till now, Coinbase customers earned 1.25% annual proportion yield (APY) on...

Three Arrow’s Su Zhu on the race to construct a crypto prime dealer

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Final week, noticed a deluge of prime brokerage information, capped off by Coinbase's announcement of its acquisition of crypto dealer Tagomi. After months of...

Tether stablecoin launches on OMG Community as Ethereum is ‘susceptible to extreme community congestion’

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Tether (USDT), the most important stablecoin by market capitalization, has been built-in into the OMG Community (previously OmiseGO). The mixing will lead to decreased...

Blockchain analytics agency Elliptic provides assist for 87 extra cash, together with stablecoins

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Blockchain analytics agency Elliptic has added assist for 87 extra cash and tokens, together with stablecoins, to its crypto transaction monitoring instrument. Asserting the...

Bitcoin Demand Pushes Tether Under $1 for Longest Stretch Since March

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Tether, the oldest and largest stablecoin tied to the united statesdollar, has fallen under par worth for the longest stretch since bitcoin hit...

Whole stablecoin provide surpasses $10B, rising greater than 70% since February

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The whole stablecoin provide hit an all-time excessive of $10.four billion on Tuesday, crossing the $10 billion mark for the primary time. Tether nonetheless...

Stablecoin Provide Breaks $10B as Merchants Demand {Dollars} Over Bitcoin

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The worth of belongings for all stablecoins surpassed $10 billion Tuesday, having surged by over 70% in simply two months, in response to...

As Tether Provide Hits Document Highs, It Strikes Away From Unique Dwelling

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Tether progress is hitting new all-time highs throughout a number of blockchains, however the first protocol to help Tether is being left behind. Omni Layer,...

Stablecoins Push Ethereum’s Transaction Rely to Highest Since July 2019

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Ethereum’s community is experiencing its busiest days in 10 months amid elevated issuance of stablecoins and the runup to Ethereum 2.0. The seven-day shifting...

Bitcoin in Rising Markets: The Center East

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Upfront of her “Crypto Throughout Rising Markets” panel at Consensus: Distributed, Leigh Cuen is writing a three-part column on how cryptocurrencies are used...

Stablecoins, spearheaded by Tether, are at almost $10B as transaction quantity hits all-time highs

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Fast TakeThe whole stablecoin provide has grown by  from $5.68 billion to $9.62 billion within the final couple of months Tether continues to be...

Bitfinex, Tether Search Subpoenas Throughout US in Hunt for Lacking $800M

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The Bitfinex crypto change is making a brand new push to seek out and doubtlessly get well greater than $800 million in person...

Curiosity in Gold-Backed Token Buying and selling Grows Amid Provide Disruptions

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As gold refiners work to ease acute provide shortages created by market shocks from the coronavirus disaster, buying and selling curiosity in gold-back...

Stablecoins Aren’t Inflating Crypto Market, Examine Concludes

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Stablecoin issuances don't push up the value of bitcoin or different cryptocurrencies, in line with analysis funded by College of California Berkeley’s Haas Blockchain...

Ethereum-based stablecoins’ market capitalization has almost doubled year-to-date to $6.25B

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The combination market capitalization of Ethereum-based stablecoins has elevated by 95.38% year-to-date to $6.25 billion, in line with analysis carried out by The...

MARKET WRAP: Oil Futures Plunge, Bitcoin Dips and Tether Has a $7B Day

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Monday marked a historic second in conventional markets, with the value of West Texas Intermediate oil futures going into damaging territory for the...

Tether CTO Claims USDT Stablecoin Can Increase DeFi Liquidity

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The CTO for Tether and Bitfinex believes the USDT stablecoin can inject much-needed liquidity and stability into the rising decentralized finance (DeFi) area.Talking...

Damaging rates of interest have arrived within the U.S. Stablecoin issuers say they’re going...

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Damaging rates of interest have arrived within the U.S. Stablecoin issuers say they're going to keep 1:1 parity with the greenback - The...
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