USDT

 

Description
USDT (a.k.a. Tether) is the cryptocurrency version or form of USD dollar issued by Tether Limited.
In the current monetary system, currency issuance is solely controlled by central banks. USDT claims to be backed by the reserve of US dollar. However, if the USDT is not fully backed, this can induce credit risks. For users, if their accounts of USDT are not regulated, this can lead to a loss of user's protection as well.
In the exclusive interview with BitFinex, Paolo Ardoino, CTO of Tether Limited explains his journey in USDT.

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Tether Boosts US Treasury Holdings Behind USDT, Further Reducing Commercial Paper
Tether said it has increased its investments in US Treasury bills backing its $68 billion stablecoin.
USDT Tokens Now Live on the Polkadot Network
Tether Limited recently expanded its reach across various blockchain platforms by launching its stablecoin (USDT) on the Polkadot network
Tether Launches USDT Stablecoin on Near Network to Unlock New DeFi Products
Tether’s USDT, the world’s largest stablecoin by market cap, is now available on the Near Network proof-of-stake blockchain.
Binance Launches Football Fan Token Index Perpetual Contracts Ahead of FIFA 2022
Binance is offering its customers another trading opportunity by launching football fan token index perpetual contracts. The new product is set to help users make the most of market conditions.
Tether Taps BDO Global for Attestation of Reserve
Tether Holdings Ltd, the firm known for the issuance of the world’s largest stablecoin, USDT has tapped the Italian branch of Binder Dijker Otte (BDO), the fifth biggest public accounting firm to help in the handling of its assurance and attestation processes
Is USDC’s Value Posed to Surpass that of USDT This Year?
As the stablecoin arena gains steam, the supremacy battle between Tether (USDT) and USD Coin (USDC) continues to rage on.
Coinsfera Enables Users to Trade USDT in UAE through OTC
Coinsfera, the global OTC digital asset trading platform, announced that it enables users to trade stablecoin USDT in Dubai.
Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.
Tether Floats Mexican Pesos-based Stablecoin in Latin America
Tether Operations Limited, the blockchain startup behind the USDT stablecoin, has announced its entry into Latin America with the launch of the Mexican Pesos backed MXN₮ stablecoin.
Tether Regains $1 Peg
Tether (USDT) has regained its 1-to-1 peg with the dollar after briefly dropping to 94.55 cents, its lowest since December 2020.

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