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 (USDT) to Discontinue Support for Multiple Blockchain Implementations by 2025
Tether announces it will discontinue support for Omni, Kusama, SLP, EOS, and Algorand blockchains by September 2025, prioritizing community preferences and security.
Wormhole Launches Native USDT Transfers Across Multiple Blockchains
Wormhole introduces native USDT transfers on Ethereum, Arbitrum, Base, Optimism, Polygon, BNB Chain, and Avalanche, leveraging Uniswap v3 and PancakeSwap pools.
OKX Announces Position Tier Adjustments for BTCUSDT and BTCUSD Expiry Futures
OKX will adjust position tiers for BTCUSDT and BTCUSD expiry futures to improve market liquidity and mitigate risks, effective July 8, 2024.
OKX Launches Campaign for Top USD Merchants with Featured Ads Opportunity
OKX announces a new campaign offering top USD merchants a chance to win featured ad spots in USDT and USDC pairs.
BitMEX Implements Fair Price Marking for BLAST/USDT Futures
BitMEX has updated its mark method for the BLAST/USDT futures contract to Fair Price marking, enhancing market accuracy.
Matrixport Unveils First Private Strategy Trading Competition
Matrixport launches its inaugural private strategy trading competition, offering participants rewards and exclusive privileges.
BitMEX Launches BLASTUSDT Perpetual Swap with Up to 10x Leverage
BitMEX introduces BLASTUSDT perpetual swap trading with leverage up to 10x, enhancing opportunities for traders.
BitMEX to Launch BLASTUSDT Perpetual Swap with 10x Leverage
BitMEX announces the listing of BLASTUSDT perpetual swap with up to 10x leverage, set to go live on June 27, 2024.
Binance Converts BEAM, BCD, GO, NSBT, and SGB Balances to USDT
Binance has completed the conversion of BEAM, BCD, GO, NSBT, and SGB token balances to USDT, based on holdings as of December 26, 2023.
Binance Futures Introduces TONUSDT USDⓈ-M Contract for Copy Trading
Binance Futures Copy Trading will add the TONUSDT USDⓈ-M contract on June 25, 2024, enabling users to replicate trades of experienced traders.