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Data shows the daily volumes for Tether – a controversial stablecoin pegged 1:1 with the U.S. dollar – could soon exceed those of Bitcoin’s. Tether to Soon Eclipse Bitcoin What was to be a mere stablecoin turned out to challenge Bitcoin, at least as a transactional tool. Tether (USDT), one of the
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Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, says recent pushes for governments to adopt regulatory paths towards central bank digital currencies won’t adversely affect stablecoins like Tether.“In the long term, we believe that Tether will continue to exist alongside CBDCs,” the Tether CTO said to Cryptox, citing
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Industry experts say Tether and Decentralized Finance tokens will play large roles in the future of Ethereum as the blockchain approaches its five-year anniversary on July 30.In a statement shared with Cryptox, Paolo Ardoino, Chief Technology Officer (CTO) of Bitfinex and Tether, said the Ethereum blockchain will “play a central
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Tether has long been used as a flight to stability when Bitcoin crashes. The influx of capital reentering the cryptocurrency market also helps to drive up valuations during bull runs.With over $9 million sidelined and climbing, could all of this capital be waiting to enter Bitcoin at the first sign
Read MoreCoinbase Custody, an international institutional cryptocurrency holdings arm of well-known U.S. exchange Coinbase, announced compatibility for stablecoin Tether (USDT), only to delete traces of the announcement shortly thereafter. Coinbase Custody, as well as Tether CTO Paolo Ardoino, unveiled a USDT listing on the Coinbase platform in May 30 tweets, according to
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Tether (USDT) cites the popularity of its Ethereum (ETH)-based asset as the reason why the company has never burned a single token.The recent report from Flipside Crypto concluded that Tether is not in the practice of burning its Ethereum tokens:“We can also see that no tokens ever go to the
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Recent research shows that there is an inverse relationship between the percentage of the Tether (USDT) stablecoin on exchanges and Bitcoin’s (BTC) price.Cryptocurrency market insights firm Santiment published analysis showing that the percentage of USDT held on exchanges is inversely related to Bitcoin’s price. In a May 4 tweet, the
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With Bitcoin (BTC) ascending sharply in the last eight hours — over $9,100 at press time — U.S. dollar-backed stablecoin Tether (USDT) is on a minting spree. Whalebot Alerts has reported that Tether issued more than 160 million new coins in the last 24 hours in just two transactions. The first $60
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In brief: In the last week, two prominent crypto exchanges have launched Bitcoin USDT perpetual contracts. They include Bybit and KuMex (KuCoin’s derivatives platform.) Tether (USDT) is ranked 4th according to market cap. Its website states the company has $6.229 Billion in assets. Trading of Bitcoin futures contracts has become more popular as crypto traders
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KuMEX, the Bitcoin futures platform developed by KuCoin, today announced that USDT Perpetual Contracts will be officially available on the exchange at around 18:00 on March 30, 2020 (UTC+8) and deposit of USDT has already been enabled.Unlike the Bitcoin (BTC) Perpetual Contracts on KuMEX, all profits, losses and account balances
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