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.
Binance to List BTCUSDT and ETHUSDT Options with November 2024 Expiry
Binance announces the early listing of BTCUSDT and ETHUSDT options with a November 2024 expiry date, starting July 24, 2024.
Binance Futures Launches Mock Copy Trading Competition with 30,000 USDT in Rewards
Binance Futures announces a Mock Copy Trading competition, offering 30,000 USDT in rewards. Participants can join from July 19 to August 1, 2024.
Philip Gradwell Joins Tether as Head of Economics
Tether appoints Philip Gradwell, former Chief Economist at Chainalysis, as Head of Economics to enhance communication with regulators and stakeholders.
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.