USDT market cap dropped below $70 billion. The number of significant accounts holding USDT has decreased. After Terra’s collapse Tether (USDT) became the largest stablecoin by trading volume, but the amount of supply held by addresses holding between $100,000 and $10 million USDT has almost reached a three-year low. The
Ardoino said the team had handled 16 billion in redemptions in more than a month. Tether’s resilience and stability were repeatedly emphasized by Ardoino. Tether’s CTO Paolo Ardoino has discussed attempts by conventional hedge funds to short USDT. A Twitter thread started by Ardoino described the assaults as a “new
USDT trading at $0.999468 with a trading volume of $47,211,505,618. Tether’s USDT is available on 12 blockchain networks. Tether Operations Limited (Tether), the blockchain-enabled platform which powers the world’s most valuable stablecoin by market capitalization, will launch Tether tokens (USDT) on Tezos, a unique expandable Proof-of-Stake blockchain (PoS). USDT to
The peso, which is now trading at $0.051, will serve as the base currency for MXNT. According to data by Triple-A, most crypto in Mexico is utilized for speculation and trade. A Mexican stablecoin will be introduced in addition to its counterpart USDT, the biggest stablecoin by market capitalization at
The talks or even people rather noticing the stablecoins have been almost nil, until the recent Terra UST downfall. Since the past two weeks, the focus towards stablecoins has catapulted like anything. Amidst such scenarios, the most widely preferred stablecoin available in the market and indeed the best, has upgraded
Tether (USDT) currently trading at $0.998994 USD. Tether has been steady even though the so-called stablecoin UST lost its value. Dukascopy Bank SA, a Swiss financial services company, announced that it had enabled blockchain operations in ERC20 Tether (USDT) for holders of multi-currency accounts (MCAs). After Bitcoin (BTC) and Ethereum
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
Modern gold-backed tokens ( commodity collateralized stablecoins) provide access to gold futures markets. They are built on the blockchain platform. All gold-backed cryptocurrencies are derivative assets that allow users to buy, sell, and hold actual gold at any time and from anywhere. They minimize the inconvenient aspects of dealing with
The transaction happened on Mon, Apr 25, 2022, at 19:20:24 UTC. Stablecoin USDT is issued by Hong Kong-based Tether. In a speech at the Paris Blockchain Week Summit, Tether’s Chief Technical Officer Paolo Ardoino told CryptoSlate that the company is ready for anything the economic environment throws. As per reports
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
