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.
Tether Criticizes UN Report for Overlooking USDT Traceability and Law Enforcement Collaboration
Tether rebuts a UN report accusing USDT of facilitating illicit activities, underscoring its traceability and law enforcement collaboration, and highlighting USDT's positive impact on developing economies.
Binance Enhances Trading Options with New Pairs and Bot Services
Binance boosts its trading services with new spot trading pairs and trading bot services, expanding options and enhancing user experience. This includes pairs like MOVR/TRY, LDO/FDUSD, and more, with a focus on FDUSD and Turkish Lira pairs.
Here is Why Tether Blacklisted Five TRON Addresses
Tether has blacklisted five new addresses on the TRON blockchain, highlighting its efforts to maintain network integrity and security. The largest address lost over $1.2 million USDT, aiding law enforcement and users in recovering stolen funds.
Tether's $1 Billion USDT Minting Stirs Debate: Inventory Replenishment or Market Manipulation?
Tether's recent billion-dollar minting for inventory replenishment has sparked debates on transparency, impact, and potential market influences, despite significant growth.
Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal
Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.
$27M USDT Theft Linked to Binance Deployer Address
A 27 million USDT cryptocurrency theft, linked to Binance's deployer, has raised security concerns and highlighted the risks of cryptocurrency holdings and recovery challenges.
Wintermute Accuses Near Foundation and Aurora Labs of Failing to Honor USN Redemptions
Wintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.
Alameda Research Minted Over $39 Billion USDT, Amounting to Nearly Half of Tether's Circulating Supply
Recent data analysis reveals that Alameda Research minted $39.55 billion USDT, nearly half of Tether's circulating supply. The findings underscore the significant role of major crypto trading firms in stablecoin operations, with a detailed examination of USDT's creation and redemption processes.
Paysafe Halts EUR Deposits for Binance Users: What You Need to Know
Paysafe Payment Solutions Limited has abruptly stopped processing EUR deposits for Binance users. The decision affects several Binance services, including spot trading and auto-invest plans. Users are advised to convert their EUR balances to USDT by October 31, 2023, or withdraw them to their bank accounts.
Binance Launches Referral Promotion for African Users with 17,500 USDT in Token Voucher Rewards
Binance is launching a new referral scheme targeting users in the Africa region, offering a reward pool of 17,500 USDT in token vouchers. The promotion runs from September 18 to October 2, 2023, and requires users to register and complete KYC within the promotion timeframe. The rewards will be distributed within 20 days post-promotion.