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 Futures Introduces TROYUSDT Perpetual Contract with Up to 75x Leverage
Binance Futures is set to launch the TROYUSDT Perpetual Contract, offering up to 75x leverage, expanding trading options for users.
BitMEX Launches Political Prediction Markets with 5,000 USDT Prize Pool
BitMEX introduces prediction markets for the US presidential election, offering a 5,000 USDT prize pool for traders betting on Trump or Harris.
Binance Launches Futures Present Promotion with 12,000 USDT Rewards
Binance introduces the Futures Present Promotion, allowing users to share Futures positions and earn from a 12,000 USDT reward pool. The promotion runs from October 30 to November 12, 2024.
BitMEX Launches GRASSUSDT Perpetual Swap with 50x Leverage
BitMEX has introduced a new perpetual swap listing for GRASSUSDT, offering traders the option to leverage up to 50 times. This move enhances trading possibilities on the platform.
USDT, USDC, and FDUSD: A Comparative Analysis of Leading Stablecoins
Explore the key differences and similarities between USDT, USDC, and FDUSD stablecoins, their market impact, and why BNB Chain is the ideal platform for these digital assets.
Bitfinex Enables Tether (USDt) Transactions on Aptos Blockchain
Bitfinex announces the integration of Tether (USDt) deposits and withdrawals on the Aptos blockchain, enhancing transaction speed and reducing costs for users.
BitMEX Updates Mark Method for SCRUSDTH25 to Fair Price
BitMEX has switched the Mark Method for SCRUSDTH25 to Fair Price marking, utilizing a new index based on spot prices from Binance, Kucoin, and Bitget.
BitMEX Announces SCRUSDT Perpetual Swap with 50x Leverage
BitMEX introduces SCRUSDT perpetual swaps for trading with up to 50x leverage, enhancing trading opportunities for SCR token enthusiasts.
Binance Launches USDT Simple Earn Promotion for MENA & South Asia New Users
Binance introduces a limited-time offer for new users in MENA & South Asia, providing 15% APR on USDT Simple Earn Locked Products for 30 days.
BitMEX Introduces DBRUSDT Perpetual Swap with 50x Leverage
BitMEX has launched DBRUSDT perpetual swaps, allowing traders to leverage up to 50x on the deBridge token, now live for trading.