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 MOVEUSDT Perpetual Swap with Up to 50x Leverage
BitMEX introduces the MOVEUSDT perpetual swap, allowing traders to long or short MOVE with up to 50x leverage starting December 10, 2024.
BitMEX to Introduce MOVEUSDT Perpetual Swap with 50x Leverage
BitMEX is set to launch MOVEUSDT perpetual swaps, offering up to 50x leverage. This new feature allows users to long or short MOVE, the native token of Movement.
USDT Adoption Surges: Over 330 Million On-Chain Wallets by Q3 2024
USDT's widespread adoption is evident with 330 million on-chain wallets by Q3 2024, highlighting its role as a key player in the digital asset landscape, especially in emerging markets.
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.