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 Updates Mark Method for ZROUSDTZ24 to Fair Price
BitMEX has updated the Mark Method for ZROUSDTZ24 to Fair Price marking, incorporating data from multiple major exchanges.
Tether (USDT) Shifts Focus to Community-Driven Blockchain Support
Tether announces a strategic transition to prioritize community-driven blockchain support, discontinuing EOS and Algorand implementations.
BitMEX Introduces ZROUSDT and TREMPUSDT Perpetual Contracts with Up to 10x Leverage
BitMEX will list ZROUSDT and TREMPUSDT perpetual contracts on June 21, 2024, offering up to 10x leverage.
Bitfinex Introduces aUSDT: A Gold-Backed Digital Asset
Bitfinex unveils aUSDT, a digital asset combining the stability of gold with Web3 functionalities, backed by Tether Gold (XAUt).
Binance Academy Launches Futures Chat Room Courses with 2,500 USDT Reward Pool
Binance Academy introduces Futures Chat Room courses with a 2,500 USDT reward pool. Verified users can participate and win rewards by completing specific tasks.
Binance Introduces New Trading Bots for IO/USDT Pair
Binance announces the launch of Spot Grid, Spot DCA, and Rebalancing Bot services for the IO/USDT trading pair, effective June 20, 2024.
Binance P2P Launches Exclusive Promotion for African Users with 10,000 USDT Reward Pool
Binance P2P announces a promotion for African users, offering a 10,000 USDT reward pool in token vouchers for eligible participants.
BitMEX Updates Mark Method for ZKUSDTZ24 to Fair Price Marking
BitMEX changes the Mark Method for ZKUSDTZ24 to Fair Price marking, enhancing price accuracy by using a robust index.
Bitfinex First to List aUSDT, a Gold-Backed Tether Asset
Bitfinex becomes the first exchange to list aUSDT, a gold-backed tethered asset by Tether, enhancing stability in the cryptocurrency market.
BitMEX to Introduce ZKUSDT (ZK/USDT) Perpetual Swap with Up to 10x Leverage
BitMEX announces the listing of ZKUSDT perpetual swap with up to 10x leverage, set to go live on June 17, 2024.