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.
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Bitfinex Integrates USDT0 on Plasma Network for Enhanced Stablecoin Transactions
Bitfinex announces support for USDT0 on the Plasma network, enabling seamless deposits and withdrawals of the cross-chain stablecoin.
Tether Aids RCMP in Recovering 460,000 USDT from Fraud Scheme
Tether collaborates with Canadian law enforcement to recover 460,000 USDT linked to an investment fraud. This action underscores Tether's commitment to combating financial crime.
Polygon (MATIC) Enhances Liquidity with Native USDT0 Integration
Polygon (MATIC) introduces native USDT0, enhancing liquidity and reducing transaction fees. The upgrade includes native XAUt0 for broader multichain compatibility, positioning Polygon as a key player in blockchain payments.
Tether Freezes $1.6M in USDT Linked to Terrorism Financing, Acknowledged by U.S. Authorities
Tether plays a crucial role in freezing $1.6 million in USDT tied to terrorist financing, as acknowledged by U.S. authorities, showcasing blockchain transparency and cooperation with law enforcement.
BNB Chain Extends 0 Fee Carnival for USD1 and USDT Transfers
BNB Chain continues its zero-fee initiative for USD1 and USDT transfers until July 31, 2025, enhancing the user experience across various exchanges and wallets.
BitMEX Launches LAUSDT Perpetual Swaps With 50x Leverage
BitMEX introduces LAUSDT perpetual swaps, offering traders up to 50x leverage. The new listing began trading on June 5, 2025, enhancing the platform's derivatives offerings.
BitMEX Unveils SOPHUSDT Perpetual Swaps with 50x Leverage
BitMEX has launched SOPHUSDT perpetual swap listings, allowing traders to leverage up to 50x. The new offering commenced trading on May 29, 2025.
BitMEX Introduces SOPHUSDT Perpetual Swap with Leverage Options
BitMEX will launch SOPHUSDT perpetual swaps with up to 50x leverage on May 29, 2025, enabling traders to long or short $SOPH.