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 Adjusts Margin Requirements for XRPUSD and XRPUSDT Contracts
BitMEX announced reductions in the Base Initial and Maintenance Margins for XRPUSD and XRPUSDT contracts, effective December 2, 2024, impacting new and existing positions.
BitMEX Implements Fair Price Marking for HSKUSDTX24
BitMEX has transitioned the Mark Method for HSKUSDTX24 to Fair Price marking, enhancing price precision by using a robust index from Gate.io, Kucoin, and MEXC.
Binance to Introduce BNBUSDT and SOLUSDT Monthly Options
Binance is set to launch BNBUSDT and SOLUSDT monthly options on November 26, 2024, expanding its European-style options offerings.
BitMEX Launches CHILLGUYUSDT Perpetual Swap with 50x Leverage
BitMEX has introduced a new perpetual swap listing for CHILLGUYUSDT, offering traders the opportunity to leverage up to 50x on this TikTok-inspired memecoin.
Binance MENASA Promotion Offers 15,000 USDT in New Year Rewards
Binance launches a MENASA-exclusive promotion, distributing 15,000 USDT in token vouchers to users in select regions during the New Year period.
Binance Futures Introduces DEGENUSDT Perpetual Contract with 75x Leverage
Binance Futures is set to launch the DEGENUSDT perpetual contract offering up to 75x leverage, expanding trading options for users. The contract will be available from November 15, 2024.
Binance P2P Africa Promotion Offers 200 USDT Rewards for BTC Price Predictions
Binance launches a promotion for P2P users in Africa, offering up to 200 USDT in rewards for accurate BTC price predictions and completing P2P purchases.
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.