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.
BitMEX Launches GRASSUSDT Perpetual Swap with 50x Leverage
BitMEX has introduced a new perpetual swap listing for GRASSUSDT, offering traders the option to leverage up to 50 times. This move enhances trading possibilities on the platform.
USDT, USDC, and FDUSD: A Comparative Analysis of Leading Stablecoins
Explore the key differences and similarities between USDT, USDC, and FDUSD stablecoins, their market impact, and why BNB Chain is the ideal platform for these digital assets.
Bitfinex Enables Tether (USDt) Transactions on Aptos Blockchain
Bitfinex announces the integration of Tether (USDt) deposits and withdrawals on the Aptos blockchain, enhancing transaction speed and reducing costs for users.
BitMEX Updates Mark Method for SCRUSDTH25 to Fair Price
BitMEX has switched the Mark Method for SCRUSDTH25 to Fair Price marking, utilizing a new index based on spot prices from Binance, Kucoin, and Bitget.
BitMEX Announces SCRUSDT Perpetual Swap with 50x Leverage
BitMEX introduces SCRUSDT perpetual swaps for trading with up to 50x leverage, enhancing trading opportunities for SCR token enthusiasts.
Binance Launches USDT Simple Earn Promotion for MENA & South Asia New Users
Binance introduces a limited-time offer for new users in MENA & South Asia, providing 15% APR on USDT Simple Earn Locked Products for 30 days.
BitMEX Introduces DBRUSDT Perpetual Swap with 50x Leverage
BitMEX has launched DBRUSDT perpetual swaps, allowing traders to leverage up to 50x on the deBridge token, now live for trading.
USDT Adoption Surges: Over 330 Million On-Chain Wallets Reported
The adoption of Tether's USDT has reached over 330 million on-chain wallets by Q3 2024, showcasing its global impact as a digital asset, according to Tether.io.
Binance Expands Trading Options with New BNSOL/USDT Pair and Trading Bots
Binance introduces the BNSOL/USDT trading pair and trading bots, enhancing its Spot and Margin services. These updates aim to improve user experience and expand trading options.
Binance Adjusts Leverage and Margin Tiers for REEF/USDT Perpetual Contracts
Binance Futures announces changes to leverage, margin tiers, and funding rate frequency for USDⓈ-M REEFUSDT perpetual contracts, effective from October 16, 2024.