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.
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.
Binance Futures Launches Memecoin Carnival with 17,600 USDT in Prizes
Binance Futures introduces the Memecoin Carnival, offering a 17,600 USDT prize pool for eligible traders. Participants can trade DOGEUSDT and other designated memecoin contracts to win rewards.
Binance P2P Offers Cash Merchant Challenge with 7000 USDT Prize Pool
Binance P2P introduces a cash merchant challenge, offering a total prize pool of 7000 USDT for eligible participants. The event runs from November 14, 2024, to January 31, 2025.
BitMEX Lowers Margin Requirements for DOGEUSD and DOGEUSDT Contracts
BitMEX has announced a reduction in the Base Initial Margin and Base Maintenance Margin for DOGEUSD and DOGEUSDT contracts, effective from November 12, 2024.
Binance Introduces SOLUSDT Options for Enhanced Trading
Binance is set to launch SOLUSDT Daily and Weekly Options on November 12, 2024, offering new trading opportunities for users. These European-style options provide advanced trading strategies.
Binance Introduces Interest-Free Loans for USDT, FDUSD, and USDC
Binance launches a promotion offering up to 7 days of interest-free loans for users borrowing USDT, FDUSD, or USDC through team formation.
Binance Futures to Launch PONKEUSDT Perpetual Contract with 75x Leverage
Binance Futures is set to introduce the PONKEUSDT perpetual contract, offering up to 75x leverage, to enhance trading options starting November 4, 2024.
Tether (USDT) Reports $7.7 Billion Profits and Record U.S. Treasury Holdings in Q3 2024
Tether's Q3 2024 report reveals $7.7 billion nine-month profits, $102.5 billion U.S. Treasury holdings, and a $6 billion reserve buffer, highlighting its financial strength.
Binance Futures Introduces TROYUSDT Perpetual Contract with Up to 75x Leverage
Binance Futures is set to launch the TROYUSDT Perpetual Contract, offering up to 75x leverage, expanding trading options for users.
BitMEX Launches Political Prediction Markets with 5,000 USDT Prize Pool
BitMEX introduces prediction markets for the US presidential election, offering a 5,000 USDT prize pool for traders betting on Trump or Harris.
Binance Launches Futures Present Promotion with 12,000 USDT Rewards
Binance introduces the Futures Present Promotion, allowing users to share Futures positions and earn from a 12,000 USDT reward pool. The promotion runs from October 30 to November 12, 2024.