Cryptocurrency Analysis and News Portal
In late August various crypto media reported that Tether planned to issue a Chinese yuan-backed stablecoin. Bitfinex shareholder Zhao Dong told ChainNews that the stablecoin would be called CNHT and be held in offshore accounts. Zhao also said that his peer-to-peer lending platform, RenrenBit, had invested in the project
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The world’s most widely used cryptocurrency is Tether (USDT) and not Bitcoin (BTC), this according to a BNN Bloomberg report published October 1, 2019. Citing data from the cryptocurrency analytics website CoinMarketCap.com, the report claims that USDT is the highest weekly and monthly traded digital currency. USDT Trumps BTC Whilst Bitcoin continues
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The operator of leading stablecoin USDT, Tether, minted 300 million USDT in a swap from the Bitcoin-based (BTC) tokenization protocol Omni to Ethereum, but the corresponding burn has not yet taken place.Whale Alert, a twitter account dedicated to reporting big cryptocurrency transactions, pointed out the coinage described above in
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