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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BitMEX announces the upcoming launch of MEUSDT perpetual swaps, allowing traders to leverage up to 50x on the Magic Eden token starting December 11, 2024.
BitMEX Launches MEUSDT Perpetual Swaps with Up to 50x Leverage
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BitMEX to Introduce MOVEUSDT Perpetual Swap with 50x Leverage
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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.
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BitMEX has introduced a new perpetual swap listing for CHILLGUYUSDT, offering traders the opportunity to leverage up to 50x on this TikTok-inspired memecoin.