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.
USDT Adoption Surges: Over 330 Million On-Chain Wallets Reported
The adoption of Tether's USDT has reached over 330 million on-chain wallets by Q3 2024, showcasing its global impact as a digital asset, according to Tether.io.
Binance Expands Trading Options with New BNSOL/USDT Pair and Trading Bots
Binance introduces the BNSOL/USDT trading pair and trading bots, enhancing its Spot and Margin services. These updates aim to improve user experience and expand trading options.
Binance Adjusts Leverage and Margin Tiers for REEF/USDT Perpetual Contracts
Binance Futures announces changes to leverage, margin tiers, and funding rate frequency for USDⓈ-M REEFUSDT perpetual contracts, effective from October 16, 2024.
BitMEX Launches Trading Bot Challenge with 22,000 USDT Prize Pool
BitMEX introduces a Trading Bot Challenge offering a 22,000 USDT prize pool. Participants can track progress via the Missions dashboard, enhancing trading strategies.
Binance Adjusts Tick Size for New ETHUSDT Options Contracts
Binance will modify the tick size for new ETHUSDT options contracts to enhance market liquidity and trading experience, effective from October 16, 2024.
Binance Launches Futures Traders League with 7 Million USDT Prize Pool
Binance Futures introduces the Futures Traders League, offering a prize pool of up to 7 million USDT in rewards. The event features Solo and Team Competitions and exclusive VIP merchandise.
BitMEX Launches EIGENUSDT Perpetual Swap with Up to 50x Leverage
BitMEX introduces EIGENUSDT perpetual swaps, offering traders the ability to long or short EIGEN with up to 50x leverage, starting 2 October 2024.
Binance Futures Introduces DIAUSDT Perpetual Contract with 75x Leverage
Binance Futures expands its offerings with the DIAUSDT Perpetual Contract, providing up to 75x leverage for traders.
BitMEX Updates Mark Method for HMSTRUSDTU24 to Fair Price Marking
BitMEX has updated the Mark Method for HMSTRUSDTU24 to Fair Price marking, enhancing index robustness and removing price protections.
Binance Futures to Launch USDⓈ-Margined REIUSDT Perpetual Contract with 75x Leverage
Binance Futures will introduce the USDⓈ-Margined REIUSDT Perpetual Contract with up to 75x leverage, aiming to expand trading options and enhance user experience.