Tether
3.4M visualizações
1,125 Publicações
Popular
Mais recente
🚨Breaking news
#Tether co-founder Brock Pierce:
China's entry into crypto is inevitable, the real question is not if, but when, he said.
$BTC $ETH $BNB
#Tether co-founder Brock Pierce:
China's entry into crypto is inevitable, the real question is not if, but when, he said.
$BTC $ETH $BNB
Stablecoin giant Tether is quietly becoming a major player in Bitcoin mining. Investing over $500m in companies like #Bitdeer and #Blockstream , Tether's influence raises concerns about transparency and potential centralization.
#Tether #StablecoinSafety
#Tether #StablecoinSafety
#Russia’s top metal producers reportedly turn to Tether for trades with China.@2024
Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers.
Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department previously made it clear it would impose secondary sanctions on lenders facilitating sanctions evasion.
#Russia #China #Tether
Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers.
Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department previously made it clear it would impose secondary sanctions on lenders facilitating sanctions evasion.
#Russia #China #Tether
Tether Invests $150 Million in Bitdeer's crypto mining expansion
#Bitdeer secures $150 million investment from #Tether for expansion. The private placement includes shares and warrants, with $100 million raised initially. Bitdeer plans to expand data centers and develop mining rigs. Established in 2018, Bitdeer specializes in mining services and has a vertically integrated model. Tether CEO praises Bitdeer's technology and management.
#Bitdeer secures $150 million investment from #Tether for expansion. The private placement includes shares and warrants, with $100 million raised initially. Bitdeer plans to expand data centers and develop mining rigs. Established in 2018, Bitdeer specializes in mining services and has a vertically integrated model. Tether CEO praises Bitdeer's technology and management.
🚀 Tether Invests $150 Million in Bitcoin Mining Company Bitdeer
💵 Tether has made a significant investment of $150 million in Bitcoin mining company Bitdeer. This strategic move highlights Tether's commitment to supporting the growth and development of the Bitcoin mining industry. Stay tuned for more updates on this exciting development!
#Tether #Bitdeer #Bitcoin $BTC
💵 Tether has made a significant investment of $150 million in Bitcoin mining company Bitdeer. This strategic move highlights Tether's commitment to supporting the growth and development of the Bitcoin mining industry. Stay tuned for more updates on this exciting development!
#Tether #Bitdeer #Bitcoin $BTC
Tether
What is Tether?
Tether is a stablecoin pegged to the US Dollar. A stablecoin is a type of cryptocurrency whose value is pegged to another fiat currency like the US Dollar or to a commodity like Gold.
Tether is the first stablecoin to be created and it is the most popular stablecoin used in the ecosystem. It has the largest stablecoins by circulation and market capitalization.
Who created Tether?
Tether is controlled by Tether Holding Limited or known as Tether Limited. The CEO is JL Van Der Velde, the CFO is Giancarlo Devasini and the general counsel is Suart Hoegner.
Tether was launched by the team running Bitfinex, a major cryptocurrency exchange.
How does Tether work?
Tether was originally based on the Omni Layer, a transport protocol on the Bitcoin blockchain. Therefore, the original version of Tether is characterized by the inherent stability and security of the longest established blockchain network.
To accelerate adoption, in September 2017, Tether was launched on the Ethereum blockchain, as an ERC20 token. Tether’s Ethereum ERC-20 is now the most popular Tether token type.
Tether is available on Ethereum, Tron, EOS,Algorand, and more. You can see the full breakdown on Tether’s Transparency page.
On 20th March 2020, Tether announced that they will also be on the Bitcoin Cash network via the Simple Ledger Protocol.
How does Tether maintain a 1:1 USD peg?
The USDT peg is maintained via a one-to-one collateral ratio. Tether Limited claims that every USDT in circulation is 100% backed by actual fiat in their reserves. Tether published their balances in their Transparency page. Tether Limited acts as a third-party custodian for the fiat currencies backing USDT.
#Tether #TetherBTC #USDC/USDT
What is Tether?
Tether is a stablecoin pegged to the US Dollar. A stablecoin is a type of cryptocurrency whose value is pegged to another fiat currency like the US Dollar or to a commodity like Gold.
Tether is the first stablecoin to be created and it is the most popular stablecoin used in the ecosystem. It has the largest stablecoins by circulation and market capitalization.
Who created Tether?
Tether is controlled by Tether Holding Limited or known as Tether Limited. The CEO is JL Van Der Velde, the CFO is Giancarlo Devasini and the general counsel is Suart Hoegner.
Tether was launched by the team running Bitfinex, a major cryptocurrency exchange.
How does Tether work?
Tether was originally based on the Omni Layer, a transport protocol on the Bitcoin blockchain. Therefore, the original version of Tether is characterized by the inherent stability and security of the longest established blockchain network.
To accelerate adoption, in September 2017, Tether was launched on the Ethereum blockchain, as an ERC20 token. Tether’s Ethereum ERC-20 is now the most popular Tether token type.
Tether is available on Ethereum, Tron, EOS,Algorand, and more. You can see the full breakdown on Tether’s Transparency page.
On 20th March 2020, Tether announced that they will also be on the Bitcoin Cash network via the Simple Ledger Protocol.
How does Tether maintain a 1:1 USD peg?
The USDT peg is maintained via a one-to-one collateral ratio. Tether Limited claims that every USDT in circulation is 100% backed by actual fiat in their reserves. Tether published their balances in their Transparency page. Tether Limited acts as a third-party custodian for the fiat currencies backing USDT.
#Tether #TetherBTC #USDC/USDT
PayPal Selects Ethereum (ETH) for New Payment Integration: Key Details Inside.
PayPal launched its stablecoin PYUSD on the Solana blockchain. This development marks the first major expansion of #PYUSD beyond the Ethereum ecosystem. Thanks to this launch, millions of users will now have the opportunity to use the token and benefit from Solana's high speed and low-cost transaction capabilities.
According to the latest announcement, PYUSD is now live on the Solana blockchain, making it one of the top networks supporting the stablecoin. This collaboration offers great advantages for both PayPal and Solana because it promises to provide fast access to the token to millions of users. Specifically, this integration will allow PayPal to offer lower-cost transactions to its users and serve more than 30 million merchants worldwide with Solana's network. This step is a major milestone for PYUSD and demonstrates the need for PayPal to move beyond the Ethereum ecosystem.
This partnership also aims to expand the use of PYUSD as a payment method for small and everyday purchases. Since its entry into the market, #PayPal USD has been competing with dominant alternatives such as #Tether (USDT) and USD Coin (#USDC✅ ). To remain competitive, PayPal is constantly looking for new ways to grow.
Solana's high trading volume and low costs are expected to positively impact the market outlook for PYUSD. Solana can process more than 5,000 transactions per second at a cost of just $0.0025. In comparison, #Ethereum processes approximately 15 transactions per second, while fees can range from $1 to $50 during peak periods. For comparison, a transaction that might take several minutes and incur higher costs on Ethereum can be completed in seconds on Solana. “The launch of PYUSD on the Solana blockchain advances our mission to provide a stable digital currency designed for commerce and payments,” said Jose Fernandez da Ponte, PayPal's Senior Vice President of Blockchain. As a result, PayPal and Venmo wallet users will have a seamless experience regardless of blockchain.
$BTC $ETH $USDC
PayPal launched its stablecoin PYUSD on the Solana blockchain. This development marks the first major expansion of #PYUSD beyond the Ethereum ecosystem. Thanks to this launch, millions of users will now have the opportunity to use the token and benefit from Solana's high speed and low-cost transaction capabilities.
According to the latest announcement, PYUSD is now live on the Solana blockchain, making it one of the top networks supporting the stablecoin. This collaboration offers great advantages for both PayPal and Solana because it promises to provide fast access to the token to millions of users. Specifically, this integration will allow PayPal to offer lower-cost transactions to its users and serve more than 30 million merchants worldwide with Solana's network. This step is a major milestone for PYUSD and demonstrates the need for PayPal to move beyond the Ethereum ecosystem.
This partnership also aims to expand the use of PYUSD as a payment method for small and everyday purchases. Since its entry into the market, #PayPal USD has been competing with dominant alternatives such as #Tether (USDT) and USD Coin (#USDC✅ ). To remain competitive, PayPal is constantly looking for new ways to grow.
Solana's high trading volume and low costs are expected to positively impact the market outlook for PYUSD. Solana can process more than 5,000 transactions per second at a cost of just $0.0025. In comparison, #Ethereum processes approximately 15 transactions per second, while fees can range from $1 to $50 during peak periods. For comparison, a transaction that might take several minutes and incur higher costs on Ethereum can be completed in seconds on Solana. “The launch of PYUSD on the Solana blockchain advances our mission to provide a stable digital currency designed for commerce and payments,” said Jose Fernandez da Ponte, PayPal's Senior Vice President of Blockchain. As a result, PayPal and Venmo wallet users will have a seamless experience regardless of blockchain.
$BTC $ETH $USDC
⚡️ Top #Stablecoins by Market Capitalization (23 February 2023)
This report depicts the largest stablecoin #crypto by analyzing the current state of market capitalizations, trading volumes & supply change. #Tether $UDSDT, USD Coin #USDC & #Binance USD #BUSD are taking a lead.
This report depicts the largest stablecoin #crypto by analyzing the current state of market capitalizations, trading volumes & supply change. #Tether $UDSDT, USD Coin #USDC & #Binance USD #BUSD are taking a lead.
✴ Despite the growing adoption of stablecoins in 2022,#Tether had a somewhat difficult year.Over the past year,Tether has seen more concerns raised about its reserves and its solvency following the collapse of Terra UST in May and the FTX crypto exchange in November
#crypto2023
#crypto2023
#Stablecoins issuer #Tether released its latest attestation report on Thursday, reporting a profit of $700 million in the fourth quarter of 2022, which it says is additional to its reserves.
#crypto2023 #Binance #BNB
#crypto2023 #Binance #BNB
Tether Denies Using Signature Bank To Transfer US Customers' Money To Bahamas
#Tether transferred funds from US clients to Capital Union Bank, the issuer's Bahamas-based banking partner, via the Signet payments platform of #SignatureBank before the bank went out of business in March and was taken over by regulators.
Those with knowledge of the incident claim that Tether advised cryptocurrency users to pay for its #Stablecoins by sending dollars to its Bahamas-based banking partner Capital Union Bank Ltd.
Although the exact start date of the setup is unknown, it happened when Signature Bank was taken over by regulators last month, they claimed, requesting anonymity because the information was not made public.
Chief Technical Officer of Tether Paolo Ardoino answers:
"Tether had no direct or indirect contact with Signature."
Signet, which began in 2019 as a real-time payments network and was a critical piece of technology for many institutional clients using cryptocurrency, including the exchanges Coinbase and Kraken, is still in business even after regulators closed the bank.
The Wall Street Journal (WSJ) was recently accused of publishing and disseminating inaccurate information regarding Tether and its operations by the corporation. The #USDT issuer criticized the Wall Street Journal and other legacy media for writing negative articles about the company while applauding other cryptocurrency businesses that were some of the biggest financial disasters in history.
During times of market turmoil, like as the LUNA and FTX crises, Tether's stability was demonstrated. The company has demonstrated that it can continue to operate as its customers want it to by successfully processing over $20 billion in redemptions from market highs to lows.
This news is republished from https://coinaquarium.io/
Those with knowledge of the incident claim that Tether advised cryptocurrency users to pay for its #Stablecoins by sending dollars to its Bahamas-based banking partner Capital Union Bank Ltd.
Although the exact start date of the setup is unknown, it happened when Signature Bank was taken over by regulators last month, they claimed, requesting anonymity because the information was not made public.
Chief Technical Officer of Tether Paolo Ardoino answers:
"Tether had no direct or indirect contact with Signature."
Signet, which began in 2019 as a real-time payments network and was a critical piece of technology for many institutional clients using cryptocurrency, including the exchanges Coinbase and Kraken, is still in business even after regulators closed the bank.
The Wall Street Journal (WSJ) was recently accused of publishing and disseminating inaccurate information regarding Tether and its operations by the corporation. The #USDT issuer criticized the Wall Street Journal and other legacy media for writing negative articles about the company while applauding other cryptocurrency businesses that were some of the biggest financial disasters in history.
During times of market turmoil, like as the LUNA and FTX crises, Tether's stability was demonstrated. The company has demonstrated that it can continue to operate as its customers want it to by successfully processing over $20 billion in redemptions from market highs to lows.
This news is republished from https://coinaquarium.io/
USDT Takes Advantage Of Rival Stablecoins’ Struggling MarketCap By Adding Over $5 Billion In A Week
Tether, the largest stablecoin in the cryptocurrency market, has taken advantage of the decline in its competitors’ market capitalization and has increased its total supply by $5 billion in the last seven days. The move has propelled the USDT’s market cap to $77.6 billion, representing a 10% increase in the last 30 days and a dominant 58% market share of the stablecoin industry.
This significant surge in the supply of USDT comes at a time when the competition in the stablecoin market is becoming increasingly fierce. Both BUSD and USDC have faced significant challenges, with BUSD dropping out of the top 10 in market capitalization and being banned by the US government from issuing new coins. Meanwhile, USDC has faced issues with asset backing and experienced a significant depeg, leading many investors to turn away from it.
In contrast, Tether has become a “safe haven” for investors, as it has been audited by BDO and has reserves that exceed $960 million, providing a sense of security for those who hold it.
The CEO of Binance, Changpeng Zhao, has also commented on the recent stablecoin market developments, noting that BUSD, the most fiat-backed stablecoin, has been forced to wind down, while USDC is also shrinking in market cap due to bank closures.
In response to these market developments, Binance has taken steps to distance itself from BUSD by converting its entire SAFU insurance fund from BUSD to USDT and TUSD. This move confirms Binance’s separation from BUSD and its alignment with the growing dominance of USDT in the stablecoin market.
In summary, Tether’s aggressive minting of USDT has enabled it to increase its market share significantly, even in the face of fierce competition and challenges faced by its competitors. As the cryptocurrency market continues to evolve, it remains to be seen how Tether’s dominance will continue to shape the stablecoin landscape in the future.
#Tether #USDT #USDTdominance #USDC #azcoinnews
This article was republished from azcoinnews.com
This significant surge in the supply of USDT comes at a time when the competition in the stablecoin market is becoming increasingly fierce. Both BUSD and USDC have faced significant challenges, with BUSD dropping out of the top 10 in market capitalization and being banned by the US government from issuing new coins. Meanwhile, USDC has faced issues with asset backing and experienced a significant depeg, leading many investors to turn away from it.
In contrast, Tether has become a “safe haven” for investors, as it has been audited by BDO and has reserves that exceed $960 million, providing a sense of security for those who hold it.
The CEO of Binance, Changpeng Zhao, has also commented on the recent stablecoin market developments, noting that BUSD, the most fiat-backed stablecoin, has been forced to wind down, while USDC is also shrinking in market cap due to bank closures.
In response to these market developments, Binance has taken steps to distance itself from BUSD by converting its entire SAFU insurance fund from BUSD to USDT and TUSD. This move confirms Binance’s separation from BUSD and its alignment with the growing dominance of USDT in the stablecoin market.
In summary, Tether’s aggressive minting of USDT has enabled it to increase its market share significantly, even in the face of fierce competition and challenges faced by its competitors. As the cryptocurrency market continues to evolve, it remains to be seen how Tether’s dominance will continue to shape the stablecoin landscape in the future.
#Tether #USDT #USDTdominance #USDC #azcoinnews
This article was republished from azcoinnews.com
McDonald’s starts to accept #Bitcoin and #Tether in Swiss town
The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano.
#CryptocurrencyNews
The global fast food chain is among the first to participate in a crypto-friendly experiment in the town of Lugano.
#CryptocurrencyNews
