In the second week of May 2022, Tether fell below the 1:1 dollar peg. Following the recent crypto crisis, Tether has paid out $10 billion in withdrawals. Terra has witnessed the most unexpected incident in the unpredictable cryptocurrency market. The de-pegging of one of the most popular stablecoins has resulted
In the past 36 hours, the ETH prices have fallen below $3000 multiple times. The crypto community is worried about the Federal Chair meeting on Thursday. Bitcoin (BTC) has fallen to record lows on Saturday, as most of the other cryptocurrencies have, but it shows no signs of recovery. Coingecko
USDT is issued by Hong Kong-based Tether and matches the price of the U.S. dollar. USDT is shielded from market volatility swings. The USDT stablecoin on TRON now has a market valuation of $41.7 billion. According to The Block Research, Binance, Huobi, and OKEx hold most of the Tron-based Tether
Charges upon the world’s third-largest cryptocurrency have been on for nearly a year now. Amidst this, the Department of Justice targets finally narrows down on Tether (USDT). Several executives for the firm are being held accountable. Tether (USDT)’s Deception Tether (USDT) is the third-largest cryptocurrency in terms of the market
TETHER When there is no stability on coins value and it is volatile, users will be confused about buying goods and services in fear of losing coins value. Though the cryptocurrencies like Bitcoin and Ethereum have been used more for transactions like online payments, they are not reliable using it
Tether has entered into a strategic partnership with the Celo blockchain as part of its ongoing expansion of its USDT stablecoin across other blockchain networks. Celo is a layer-1 network that now supports Tether (USDT) and is compatible with the Ethereum Virtual Machine (EVM). It is meant for low-cost and
Tether (USDT) is a leading stablecoin, pegged to the U.S. dollar at a 1:1 ratio. Using USDT for payments enables consumers to purchase products and services with this stable digital currency. How Does Tether (USDT) Work Relative to the more fluctuating crypto-assets dominating the market, Tether (USDT) stands out as
USDT stablecoin issuer Tether has appointed Paolo Ardoino as its new CEO. Jean-Louis van der Velde, the company’s former CEO, has moved into an advising position to continue his contributions. Ardoino’s growth into emerging fields and investment in Bitcoin have been met with praise from the cryptocurrency community. Paolo Ardoino
In a surprising turn of events on October 2, 2023, prominent whale data collector Whale Alert reported two substantial Tether (USDT) transactions worth $50 million each, originating from renowned crypto exchange Bitfinex and directed towards the “Tether Treasury” address. These transfers took place within a span of just two minutes,
Tether (USDT) , the widely-used stablecoin, has recently taken strategic steps to enhance its operational landscape. Reports indicate that Tether has entered into a collaboration with Britannia Bank & Trust, a private bank situated in the Bahamas. This venture aims to streamline dollar transfers within Tether. Moreover, sources familiar with
