In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and… read more
What is Tether?
Tether (USDT) is a cryptocurrency asset issued on the Bitcoin blockchain via the Omni Layer Protocol. Each USDT unit is backed by 1 US Dollar held in the reserves of Tether Limited. Tether can be transferred, stored, spent, just like any other cryptocurrency. Tether (USDT) offers an alternative to Proof of Solvency methods by introducing a Proof of Reserves Process. Tether is a crypto-fiat stable coin, meaning that its value mirrors that of the US Dollar. Learn more about Tether in our cryptocurrency guides.
Over the past two days Tether has created USD $180 million of its USDT stablecoin for a so-called “inventory replenishment.”… read more
Today has been even more volatile than usual for Bitcoin price. After dropping substantially for several hours, the flagship cryptocurrency… read more
Tether has proven to be a very popular stablecoin in the cryptocurrency. It is also making Bitfinex a ton of… read more
The number of new Tether addresses has spiked in the last 24 hours prompting some analysts to suggest we may… read more
Tether Inc. appears to be responding to the crypto market’s ongoing decline today by minting 60,000,000 new USDT tokens. Whenever… read more
Paolo Ardoino, CTO of Bitfinex & Tether, is scheduled to speak at CryptoCompare’s Digital Asset Summit next month. This is… read more
Bitfinex has announced that it has repaid its sister company, Tether, USD $100 million of the $700 million it borrowed… read more
A series of large-scale transactions confused the markets today, after a unusual movement of 300M USDT tokens took place. Tether… read more
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