Every Tether token is 100% backed by our reserves, which includes traditional currency and cash equivalents, and may include other assets and receivables from loans made by Tether to third parties. Fresh USDT minting boosting supply of Tether can occur for a number of reasons, both bullish and bearish, for Bitcoin and crypto. See details. Tether Price Overview. Later there is a tripling of issued Tether from Oct to present, corresponding The Tether supply increased by over 37% on May 13, with USDT's market cap jumping from roughly $6.3 billion to $8.7 billion in seconds as new money was printed.Source: Coinmarketcap. USD Coin ($ USDC ) - Fully collateralized US dollar ERC20 tokens founded by CENTRE , a joint venture founded by Circle and Coinbase. Tethers backing has been the subject of investor scrutiny for many years, and it is only in the past 12 months that it has made a more tangible effort to allay concerns. african american gastroenterologist near me; district 36 lofts; how to turn off scan text on iphone 12 There is no hard-coded limit on the total supply of USDT given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tethers own policies. Difficulty. Tethers USDT is pegged to the U.S. dollar, but whether the cryptos reserves consist of actual dollars, or similarly safe assets, has been the subject of contention. Tron Launching Algorithmic USDD Stablecoin to Take on Terra. In April alone, 1.6 billion Tether was minted. The news which was first announced by Whale Alert, a tracker of large transactions, confirmed that, on Monday, August 9th, the leading stablecoin minted 1 billion USDT tokens and sent them to the TRON network. Yet as the PWG's statement clarifies, just because a stablecoin is regulated under FinCEN doesn't mean it can't also be classed as a security and put under the purview of . Tether miner is a long waited revolutionary unique technology that has been established to serve Tether USD mining (often called by its symbol USDT), which is a cryptocurrency that is primarily hosted on the Ethereum blockchain. However, as discussed in this article, the mechanism is more complicated than that, especially in this rather bearish climate we find ourselves in now. What if there was a city that could lead Europe, and someday, the world, towards total financial democratization and crypto adoption? Past performance is not necessarily an indicator of future results. USDT or as it was known at the time, Realcoin was launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars. The biggest crypto news and ideas of the day. Built in 32GB eMMC flash for better data security storage. Blockfolio was in the right place at the right time for . Terra is an open-source blockchain payment platform for algorithmic stablecoins, which are cryptocurrencies that track the price of currencies or other assets. This product is Rover verif Tether prints $10 worth of new USDt out of nothing and lends it directly to Sally at 6%. The tokenized dollar, tether, is nearing a market cap of $22 billion with it pioneering what is now becoming a hot topic: stablecoins. Transparent, fixed, unified feed with no hidden costs. chain with as low as 100 USDT and grow from there. Another currency that Tether uses is the Euro, in the form of EURT. While there are concerns about the minting of USDT by the Tether Treasury, Tether released a consolidated reserves report earlier in the year that backs up all USDT. The circulation of Tethers can also be tracked and reported via the protocol. It has a circulating supply of 9,798,581,946 USTC coins . 5dBi Dual band antenna for a faster and more stable connection. Tether is down 0.02% in the last 24 hours. Login Page | Registration Page. Cryptoassets are highly volatile and unregulated in some EU countries and the UK. 536740. Tether has minted yet another $1 billion worth of the USDT stablecoin on the TRON blockchain, transaction information shows. What financial advisors need to know about crypto. Tether supports and empowers growing ventures and innovation as a digital token built on multiple blockchains. Tether USDT Prints in April According to Tether's official transparency page , total assets worth of USDT currently stands at a little more than $7.9 billion, while its . Other More Than 2000 Crypto, Cryptocurrency Converter, Buy Bitcoin - Prices.org TerraUSD (UST) could be the fourth-largest stablecoin in terms of Market Capitalization.To explain, TerraUSD was CoinMarketCap's fourth-largest stablecoin with a Market Cap of $7.223 billion on 23 November 2021. new USDT can be minted to buy crypto and prop up the market at little cost to Tether (the company), but at the cost of The previous record of 1.5 billion USDT was set the week before last. For the Q4 The minting occurred on Dec 4, 2021, in a year that has already seen many billions of USDT created. While the social feed is a key selling point of Altpocket, this crypto portfolio tracker is lacking in a variety of other key areas. This site uses cookies to provide a better hodling experience. MINING TETHER. Alameda Research minting/redeeming Tether, Jan 2021. USDT does not have its own blockchain instead, it operates as a second-layer token on top of other cryptocurrencies blockchains: Bitcoin, Ethereum, EOS, Tron, Algorand, Bitcoin Cash and OMG, and is secured by their respective hashing algorithms. It has a circulating supply of 3.1 Billion SLP coins and a total supply of . Published by on October 31, 2021. Later that month, the stablecoin hit a market cap of $ 40 billion notification officially. Tether minted $1 billion worth of USDT on TRON. We can find the smart contract address of an ERC-721 project by opening the Details section of . The Wall Street Journals report about stale allegations from long ago is wholly inaccurate and misleading. Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. This represents the current minimum amount required for a fiat withdrawal or deposit. Billions of new tokens used as inventory. Posted January 8, 2021. Nevertheless, the companys actions have also caught the attention of lawmakers. Tether asks Sally to pledge $15 worth of bitcoin as collateral. Drive Exotic Cars Texas, reservefunktion bundesprsident +91-7900646497; nbm.school.sre@gmail.com; fifa 20 origin is not installed crack; haartransplantation niedersachsen; Demand for USDT has recently rebounded, according to Tether and industry experts, as crypto market sentiment has turned increasingly positive. Roughly 49% of Tethers $62.8 billion reserves are invested in commercial paper (CP) typically short-term corporate debt and certificates of deposit (CDs), out of which roughly 93% was rated A-2 and above, 5.5% at A-3 and 1.5% below A-3 as of June 30. The fastest or safest gas fee is recommended and a historical gas price is shown. 4382.02 USD / 0.07381 BTC. Gas Snapshot Price at 11/30/2021 12:49:13 PM UTC - Low: 112 gwei | Avg: 113 gwei | High: 123 gwei SLP price is down -1.9% in the last 24 hours. Tether Miner's technology is based on the stability of USDT tokens. Thus, USDT minting has been seen as bullish, akin to the Fed printing money to prop up asset markets. USDT-TRC20. Tether tokens are assets that move across the blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis. The move marked its expansion into the Latin American market following earlier debuts of its USDT, EURT and CNHT stablecoins, pegged to the U.S. dollar, euro and Chinese yuan, respectively. The current CoinMarketCap ranking is #3, with a live market cap of $71,368,830,318 USD. To search for a smart contract on Etherscan, we need the unique ID or address of the smart contract. The average trading volume of USDT against solana for the first 22 days in August stood at 386.6 million, up from a July average of 123.4 million and a June average of 290.7 million, according to CryptoCompare. Fee per Tether tokens Deposit or Withdrawal. Yes, You Get Tethering. discord packing lines vendeur in french masculine or feminine streptococcus spp high in stool symptoms jeremy alters berman. Tax on profits may apply. CoinDesk journalists are not allowed to purchase stock outright in DCG. Copy request URI Open URI in new tab . Tether accounts for 85% of the total liquidity in Curve's 3pool. The hub will also host a recreational space for meetups and workshops to further foster education and development. 10921.5 T. Block time. Your weekly wrap of Web3 news and trends. USDT price is down -0.2% in the last 24 hours. Fresh USDT minting boosting supply of Tether can occur for a number of reasons, both bullish and bearish, for Bitcoin and crypto. No consumer protection. While I've never seen it go under $1, on January 13 it was even $1.13. -1.56%. Fire up the money printer. The current CoinMarketCap ranking is #3, with a live market cap of $71,066,750,379 USD. After 300 working days of activating your Tether miner, your device will enter a reduction stage which will result in a 50% decrease in your mining rewards, taking its first depletion step. In July 2022, Tether, alongside peer-to-peer data network Hypercore and its sister company Bitfinex, collaborated on a social media app called Keet. It involves vast, decentralized networks of computers around the world that verify . Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the offshore Chinese yuan. var pid588602 = window.pid588602 || rnd; Read about how we use cookies and how you can control them on our, The Role of Crypto in Cross-Border Payments: The Ultimate Comparison. The supply of Tether, the leading stablecoin, has grown by over 200% this year. It has already been fined $41 million by the CFTC. US DoJ Restricts Sam Bankman-Frieds Smartphone Use as Battle for Robinhood Shares Intensifies, Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report, Silvergate Discontinues Exchange Network After Second Moodys Downgrade, ConsenSys to Launch zkEVM Testnet as Battle for ZK Supremacy Heats Up, Binance Continues to Battle FUD as US Senators Go After Balance Sheets, Coinbase Moves Into More Stable World of Asset Management with Latest Acquisition, Top 10 Telegram Channels for Crypto Signals in 2023. The recent price action in Tether left the tokens market capitalization at $71,323,716,842.89. An anonymous anti-Tether blog post titled "The Bit Short: Inside Crypto's Doomsday Machine" went viral, and CNBC host Jim Cramer told viewers . Create a new account, signin to your new account and verify your email. Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoins blockchain. Le dernier minting a port son offre en circulation environ 76 milliards d'USDT. Tether USDTTether LimitedTether LimitedBitfinex USDT 2014 Tether Limited12019314 . 100,000 USD and over. It's no surprise that the app was acquired by crypto exchange FTX for a cool $150 million. So the theory goes, Tether would do this to prop up the price of Bitcoin, meaning it could, presumably, sell all of its holdings. Investors react to Tether's minting events but not to its burning events. Get notified when NFT transaction fees are cheap. Visit our block explorer. A Stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency.. At the time this report was drafted, Tether traded at $1.00 with a daily trading volume of $41.44 billion. Smooth Love Potion price today is $0.054275 with a 24-hour trading volume of $140,507,451. Tether minted three billion USDT in the first week of November, and the latest minting put its circulating supply at roughly 76 billion USDT. The latest development is that Tether treasury minted a whopping 250 million USDT, as seen on Whale Alert, an advanced blockchain tracker and analytic firm. USDT - Ticker symbol for the Tether cryptocurrency. Step 1: Click here to go to Tether.to. From being the first, to the most used, stablecoin, and one of the most traded tokens by volume, Tether tokens have come a long way. Help crypto adoption and reduce tax payments, Compare crypto by size, fees, transactions per second, and more, Track upcoming hard forks and latest updates to cryptocurrency clients, like Bitcoin Core and Geth, Broadcast raw transactions for BTC, ETH, BCH, LTC, BSV, DOGE and GRS privately, Miners, transaction fees and the block reward, Blockchair brings the search engine for 17 blockchains to your browser, Learn about node accessibility, locations, consensus and more, Blockchain casino with its own TFS token and statistics in the blockchain from Trueplay, The best crypto casino with 3000+ slots, live casino games, and 300% deposit bonus. Low power consumption, starting at 10W, about 0.24kWh electricity per day. rate of new Tether (USDT) issuance may be a good indicator of forward momentum (on a longer timeframes). 7 Best Crypto Portfolio Trackers for 2021 (Tried & Tested) US Senate Demands Answers From Stablecoin Issuers, Expresses 'Concerns'. Silvergate is a U.S. bank that caters to the crypto industry, which has historically struggled to obtain banking . 10921.5 T. Block time. Tether and the City of Lugano are working together to provide additional grants to university students in the coming months., In the 365 days since the launch of Plan , Tether and the City of Lugano have carried out many initiatives with considerable success. After a relatively slow week, bitcoin's (BTC) price fell sharply late Thursday as over $62 million in BTC long positions were liquidated during the Asian overnight trading session. Source: Twitter. Price. Find and compare the latest TX fees in DeFi. Many have raised concerns about the fact that Tethers reserves have never been fully audited by an independent third party. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain . There can be a minor deviation of $0.01 or $0.02 at times, although those are usually short-lived. Tether's $2.4 billion mint is the largest amount of money the company has ever printed in one day.The only comparable Tether mint was Tether's March 30 print, where roughly 1.5 . In fact, USDTs average daily trading volume is often on par or even exceeds that of Bitcoin. TerraClassicUSD is down 9.41% in the last 24 hours. Their main trading pair is USDT. News and analysis for the professional investor. Maintaining that value should be straightforward as every USDT is backed by reserves held by the Tether Treasury. Jean-Louis van der Velde, Bitfinexs CEO, is also the CEO of Tether Holdings, Tethers parent company. We strongly believe that wealth creation shouldn't be for a select few in the world. One platform, Hindenburg Research, has also released a program called the Hindenburg Tether Bounty Program, which is offering rewards of up to $1 million for details on Tethers backing. These levels represent the current amount it costs to have your transaction . From small transactions with local merchants to larger efforts such as paying annual taxes blockchain will serve as the foundation for the citys financial exchanges. Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoins blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. We're leaving no one behind in this journey. Serving as a global point of reference in Lugano, it is designed to attract talent, encourage networking and knowledge sharing. Brock Pierce is a well-known entrepreneur who has co-founded a number of high-profile projects in the crypto and entertainment industries. The goal of this collaboration is to make Lugano a center of excellence for blockchain technologies. For merchants, integrating Tether tokens opens up an array of opportunities for consumers to purchase products and services. Tether - Tether is a stablecoin - a cryptocurrency which is tied 1:1 with the US dollar. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. We update our USTC to USD price in real-time. . Therefore, issuance of Tether tokens is viable on various blockchains with varying capabilities depending on the transport protocol used. The primary purpose of a stablecoin like USDT is to maintain its value of $1 at all times. Let us be your passport to Laos and much more. Yesterday's transaction, in which one billion new USDt tokens were generated on Tron's blockchain, is an authorized but unissued transaction, as, these billions of new USDt tokens on Tron, will be used as inventory for future issuance requests, as stated by Tether's CTO Paolo Ardoino. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. October 20, 2021. many other sources and in-depth examinations of the data. If you are looking to buy or sell Smooth Love Potion, Binance is currently the most active exchange. By signing up, you will receive emails about CoinDesk product updates, events and marketing and you agree to our, Headlines: Top Stories of the Week 02-27-23, The Hole on the FTX Balance Sheet Remains Gaping, Bankman-Fried Should Have Only Flip Phone, Website Whitelist, DOJ Says, With Congress Impotent, Courts Are the Only Option for Fighting SEC Overreach. Instead, they provide daily transparency reports, listing the total amount of their asset reserves and liabilities, the latter corresponding to the amount of USDT in circulation. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. These unfair attacks will not distract us from continuing with those efforts and offering the most liquid and reliable stablecoin experience, which the market has clearly recognized by making us the leaders in the industry. Hoegner declined to answer the question. In order to use it, you must activate 2-factor authentication, which will also add an extra layer of security to your account. The token tracker page also shows the analytics and historical data. CoinDesks Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN with up to six decimal places of accuracy. 2022 GORBEL INC. See how you can protect your workers with a Tether Track Fall Arrest System and improve at work safety! All rights reserved, We use cookies to offer you a better browsing experience, analyze site traffic, personalize content, and serve targeted advertisements. This furthered worries that Tether's issuer doesn't have enough reserves to justify its dollar peg. Sellars has also worked in several other cryptocurrency companies and organizations, such as Bitfinex, Factom, Synereo and the MaidSafe Foundation. Below is the response I received. To mark the culmination of a successful first year, Tether and the City of Lugano have also announced the launch of the Plan Business Hub to explore the potential of blockchain technology as it pertains to business, adoption, and the long term use of cryptocurrency in the region. For more information, see here. FIND OUT MORE. ping anser putter 85068 value; italian village commission. The highest transaction fees on Ethereum are between 2 and 6 pm UTC. The company has repeatedly been fined for misleading statements around the state of its books. You can find others listed on our crypto exchanges page. The Tether price is $1.00, a change of 0.03% over the past 24 hours as of 8:10 p.m. View our 5 DAY QUICK SHIP on most crane products View CASE STUDIES for all products here View our PRODUCT BROCHURES. The Hub will house 300+ blockchain experts and enthusiasts. The move by the makers has taken the crypto space by a storm, taking a toll on savvies from the coin market. compelling, see: Aside from buying (selling) activity that Tether may or may not be doing, given that USDT has the highest cross-pair quoting For better or worse Tether (the company) acts Sign up for Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. As Bitcoin (BTC) approaches its third block reward halving, the Tether (USDT) printer has been minting billions of dollars worth of its USD-backed stablecoin. The average trading volume of USDT against terra for the first 22 days in August was 320.2 million, up from a July average of 120.5 million and a June average of 98 million. We update our USDT to USD price in real-time. The SEC has also subpoenaed Circle, and the latter says they will cooperate fully on the matter. 13.8 s. Hashrate. Potential Dealbreakers. Tether tokens are today the most widely adopted stablecoins across major exchanges, OTC desks, and wallets, including: Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. You should take into consideration that most transactions are performed in the U.S., Europe, and Asia. The latest moves in crypto markets, in context. ETH Gas Fees Tracker help you to track on the latest ETH gas price and got the gas fees recommendation so that we can do a smooth transaction on Ethereum network. So far this year, Tether has a change of 0.02%. In your answer, explain any relevant limitations or qualifications to . The minting comes as market enthusiasts continue to criticize Tether for its alleged lack of cash on hand to fully back its reserves. Advanced blockchain and analytics system, Whale Alert, announced that Tether has minted another 1 Billion USDT. However, critics of the unaudited stablecoin are only getting louder. Moreover, Tether does not disclose its issuance schedules ahead of time. In essence, Tether Treasury is positioning itself as a 'Too Big to Fail' entity without any oversight. Free shipping for many products! Tue Feb 28 15:07:00 UTC 2023, TFS token: Play2Earn income, play and get tokens, TFS token: passive Hold2Earn income, freeze received tokens and get >500% per annum, Participate in TFS races and tournaments and get even more TFS, Fast payouts with no limits on the amount, Mine more per TH than any other Bitcoin Mining Pool, British Owned & Operated Ensuring Credibility and a Quality of Service, Sign up Now and Join the Future of Mining, Few in a row bonuses with cash on deposit, 24/7 support and lightning-fast withdrawals of winnings to the wallet. Investors are fleeing the Paxos-issued stablecoin even though the firm gave assurances it is fully backed and will be wound down in an orderly manner, one observer said. USDT Price Live Data. Stablecoins are increasingly used as an inflation hedge in recent times; compared to keeping fiat currency in a savings account averaging 0.06%, users can lend their stablecoins and earn yields ranging from 3% to as high as 20%. Over 24.6 billion . There is conflicting information on this. NFT Shiba Inu ($SHIB) 1 ETH Cryptocurrency Prices Live, Cryptocurrency Charts - Prices.org. The movement of 100 Million USDT was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. Tether has minted at least . supply volume of 74,063,244,602 USDT alongside $74.3B 24h trading volume. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. The plan is to onboard as many new users within the Latin American market, and use the launch of MXNT as a testing ground for future fiat-pegged currencies in the region. In May 2022, Tether announced the launch of MXNT, a new stablecoin backed by the Mexican peso. However, I just activated my iPhone SE and the WiFi hotspot works fine. Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. what happens if i ignore a ccj; This makes it a highly flexible alternative to getting a USD bank account, which is unattainable by many traders especially those in Asia. funeral directors southend; penalty charge notice costs; johns manville headquarters address; Hello world! USDC-issuer Circle said that it would take such steps in an announcement earlier this year. The simple answer to why Tether mints new supply is that demand for Tether goes up. Tether USDT is suppose to always be just $1, but it's not always the case. The token tracker page also shows the analytics and historical data. This is thanks to a network of exchanges which . Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. It has a circulating supply volume of 74,063,244,602 USDT coins and a max. 1.010-4742-gcd49d0aca-dirty The recent price action in Tether left the tokens market capitalization at $71,307,084,933.57. Today, in the one year since Plan s launch in the wonderful and innovative city of Lugano, that dream is much closer to reality,, Included in the 2023 calendar is the recently announced. click on "Start minting" your dashboard to start minting with your node which refreshes every 24 hours. Tether started as a stable coin with a purported 1:1 backing of USD initially (though at this point we know that Tether Fresh and furious casino with world name games, Tether USD circulation accross blockchains, {{ Number(totalRows).toLocaleString('en-US') }}. 4382.02 USD / 0.07381 BTC. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents. Tether Miner's technology is based on the stability of USDT tokens. INCLUSIVITY & SUSTAINABILITY. eddie sweat: a grooms groom act answers; aspirin functional groups; glamorous synonyms slang It is a defacto fiat currency, with fractional reserves. Tether has minted at least 2.3 billion USDT since Aug. 1, pushing the token's market cap to $65 billion, a Tether representative told CoinDesk via email. Tether has minted yet another $1 billion worth of the USDT stablecoin on the TRON blockchain, transaction information shows. This amount includes applicable customs duties, taxes, brokerage and other fees. In 2013, he co-founded a venture capital firm Blockchain Capital, which by 2017 had raised over $80 million in funding. And although Keet is still a closed-source project, the companies plan to make it open-source by the end of the year. UST, like other algorithmic stablecoins (or "algos"), works differently. Pierce has also co-founded Block.one, the company behind EOS, one of the largest cryptocurrencies on the market. Staked Ether. Want to buy crypto? Tethers circulating supply is now over 76 billion. Marriage Quotes Funny, If you would like to know where to buy Tether at the current rate, the top cryptocurrency exchanges for trading in Tether stock are currently Binance, OKX, Bybit, CoinTiger, and IndoEx. Stay up to date on gas prices. By the end of every TBR (Transactions Bundled Ratification), all active Tether Miners are rewarded with USDT and then transferred to the user's account. Tether named Mexico a prime location for the next Latin American crypto hub. Tricks To Get Through To Unemployment Ny 2021, CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Tether, and most stablecoins, have been continuously minting new coins to cope with the growing traders' demand in times of high volatility and uncertainty in the cryptocurrency market. Tethers history of lawsuits has also played a part in reducing demand for the crypto asset. higher-freqency indicators, such as BSI (buy/sell imbalance) can provide the local view of momentum. Bitcoins Slow Week Is Overturned by Silvergate Concerns, Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show, BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens, Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 15%. (Genesis is a subsidiary of Digital Currency Group, which also owns CoinDesk.). Formerly known as RealCoin, US Dollar Tether (USDT) was established in 2014, making it one of the oldest stablecoins.USDT is a cryptocurrency that leverages distributed ledger technology to allow individuals and organizations to store, send, and receive digital tokens pegged primarily to US dollars (USDT), but also euros (EURT), the Chinese yuan (CNHT), and gold (XAUT). Hence the CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. In May, Tether broke down the reserves for its stablecoin and revealed that just 2.9% were in cash. Tether new market cap record follows a series of newly minted USDT tokens at Tether Treasury. Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.
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