Tether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex) The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although ext
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I have no information other than what is public, but my initial reaction from @jackmallers stepping down as CEO of $XXI is that this will end up being good for @Strike and XXI. I am the one of the largest shareholders of Strike and I am a big fan of @paoloardoino and the team at Tether. x.com/jackm
Jack Mallers steps down as XXI Capital CEO as Tether's plans to merge three bitcoin firms falls
LATEST: 🇦🇪 Tether Gold has been recognized as an Accepted Spot Commodity in Abu Dhabi Global Market, letting regulated firms offer the tokenized gold asset with proper permissions.
Tether 宣布其黄金支持代币 Tether Gold（XAU₮）已获阿布扎比全球市场（ADGM）认可，被纳入“Accepted Spot Commodity（可接受现货商品）”框架。获得相关监管许可的 ADGM 持牌机构，可在监管框架下提供涉及 XAU₮ 的相关服务。Tether CEO Paolo Ardoino 表示，此举是现实世界资产（RWA）代币化及中东受监管数字金融发展的重要一步。wublock123.com/news/tether-go…
RT @pactfinance: BIG NEWS The leader in stablecoin issuance is officially backing the PACT ecosystem @tether has made a strategic $2.5M e…
Tether's USDT hits 2-year countdown threatening its position on U.S. crypto platforms
🐋 WHALE WATCH : Tether isnt just a stablecoin issuer anymore. They are building Tether Evo AI. Just launched: BrainWhisperer. It reads brain signals and turns them into text locally on your device. Zero cloud data sharing. Powered by QVAC their new cross platform AI toolkit. They are literally t
I remember many years ago worrying that tether would ruin our fun because it meant people didn't need to buy BTC as an on-ramp to alts. But actually stablecoins are probably the biggest tailwind to the whole space and create huge additional opportunities we're only just seeing.
Wanna know how much money Tether has made...? According to DefiLlama data, @Tether has made around $18.6 BILLION through yield on assets backing its industry-leading $USDT stablecoin. The company has generated a staggering $5.9 billion in the past year alone, and $481 million in the last 30 days.
RT @pactfinance: When you need the biggest news – go to the biggest sources @RWAFoundation_ is bringing the latest on @tether's $2.5M inve…