Investments in the stablecoin Tether (USDT) continue to grow: the capitalization of this digital currency already exceeds $ 15 billion. Analysts from Bloomberg recently published a report predicting that USDT could knock out Ether (ETH) from the second-largest cryptocurrency in 2021. According to...
The market capitalization of the stablecoin Tether (USDT) continues to rise, surpassing $ 15.4 billion this week. The supply of digital currency is growing even amid skepticism from many analysts who doubt Tether has reserves to meet its obligations to investors. Recently, the Weiss rating agency...
Crypto exchange Bitfinex announced the launch of derivatives for stock indices, which are calculated in the stablecoin Tether. New derivatives - perpetual swaps on Europe 50 and Germany 30 - offer access to traditional equity markets. Europe 50 is the STOXX Europe 50 index, which covers 50 stocks...
Analysts from the Weiss rating agency urged investors not to use the stablecoin Tether (USDT). They posted a tweet on Twitter and noted that the acquisition of this tool carries enormous risks. #Bitfinex's vaults are not publicly auditable and there have been many allegations that #USDT is not...
Tether (USDT) capitalization is now about $ 9.2 billion. According to experts, soon, this figure will reach $ 10 billion, which is a very good signal for the cryptocurrency industry. Paolo Ardoino, technical director of Tether, a development company, said that the increase in the capitalization of...
The capitalization of the most comprehensive stablecoin Tether (USDT) is gradually approaching $ 10 billion. Now, this figure is just over $ 9.2 billion. Paolo Arduino, CTO of the development company, recently said that his team has minted $ 5 billion worth of coins over the past six months. At the...
Stablecoin Tether (USDT) is now available on OMG Network, the Plasma-based Ethereum sidechain, whose public beta was launched on June 1 by the OMG team (previously OmiseGo). According to ETH Gas Station, over the past 30 days, Tether is the largest "consumer" of gas on the Ethereum...
This month, the capitalization of Tether (USDT) has grown by 45%. The asset now ranks fourth in ratings like CoinMarketCap or CoinGecko, "breathing in the back" to the Ripple XRP token. The screenshot below shows that on April 1, the USDT capitalization was at $4.92 billion. Now, this...
Simplex payment processor said that during the fall of the price of Bitcoin last week, retail investors increased their cryptocurrency purchase volume by 50%. It is reported by The Block. Bitcoin was the most popular asset among cryptocurrency buyers during March 12-14 it accounted for 59.6% of the...
Bitfinex Bitcoin exchange reported that it gave another $100 million to Tether to repay a previously taken credit of $700 million. 📢Bitfinex Repays $100M of Outstanding Loan Facility to Tether. Read more at https://t.co/UkKaNESd70— Bitfinex (@bitfinex) February 28, 2020 It is a question of...
Tether proclaimed the launch of a new stablecoin backed from gold, which, as the company mentioned: "grants the right to own about 31 gram of pure material gold in certain gold bullion." A stablecoin with the XAUâ‚® will be released on the Ethereum and TRON blockchains. Gold, which is...
One of the world's most popular websites for adult content, Pornhub, has added the Tether stablecoin (USDT) as a payment option. The Pornhub blog says USDT support comes from a partnership with TRON. Therefore, to make a payment using Tether, the service recommends using the TRONLink wallet. A new...
A class-action complaint accuses the corporations behind the Tether stablecoin of “propping and popping the largest bubble in history,” which led to a disappearance of $256 billion in crypto wealth. The complaint accuses the issuer of Tether of manipulating Bitcoin prices. The suing process...
The darkest corner of the crypto market is becoming murkier. A controversial token Tether which is being a means for trading coins on the majority of the crypto exchanges all over the world now serves as a conduit for transactions on a spate of new blockchains, the distributed digital ledgers that...
Crypto exchange Bitfinex stays obstructed from using supplies from the cash savings of Tether as an authority judges whether to dismiss a regulator’s lawsuit claiming the corporations hid losses of more than $850 million. Letitia James, New York Attorney General, sued the corporations in April...
It’s going to be a hot competition! The worlds greatest exchange of cryptocurrencies declared about its plans of designing a stablecoin. Information’s source is Wei Zhou, who is the Head Officer of Finances in Binance. We know that there’re over 60 stablecoins in the crypto industry who tried...