Tether's USDT Circulating Supply Sees Uptick After 3 Consecutive Months of Declines
The bear market has been merciless. But could Tether's rise imply that the cryptocurrency market is headed for a recovery curve?
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The bear market has been merciless. But could Tether's rise imply that the cryptocurrency market is headed for a recovery curve?
The stablecoin considers that its critics are being very severe in the analysis of the "vulnerability" of the cryptocurrency.
Tether supply sees growth after a months-long decline (approx. 3 months).
The Tether printers have been fired up again as the USDT circulating supply has started to tick up.
Ethereum 2.0 is one of the most important developments the crypto money industry is looking forward to. Ethereum 2.0 will change the consensus mechanism from Proof of Work to Proof of Stake.
Some hedge funds have tried to short USDT in recent months, but it was not Tether that failed in the end
Tether is the issuer of the world's largest stablecoin, USDT.
SMARTLend is a hybrid ROI DApp project that is built on the Binance Smart Chain Network. The developers behind the project chose the Binance Smart Chain network for its larger audience, cheaper transaction fee and matured investors.
The future of ETH 2.0 hangs in the balance, but Tether, issuer of the USDT stablecoin, has fanned the embers of hope among believers by announcing its full support. The post ETH 2.0 Receives Support From Tether Despite Reports of Delays appeared first on BeInCrypto.
Bitget's reasoning behind using a combination of a stablecoin and Bitcoin in the protection fund is to counter massive unforeseen volatility in crypto markets.
Tether declares USDT short-selling as “flat out wrong” and said that the collapse of Terra was used by hedge funds as justification to short USDT, and claimed that hedge funds have fundamental misperceptions of the cryptocurrency market and Tether.
USDT is a stablecoin that has its price pegged to the US dollar, and token holders can lend it to earn interest rates that are much higher than the APYs offered in traditional money markets. The post This Week's USDT Interest Rates: Best Yields for Tether Lending and Staking appeared first on Bitcoin Market Journal.
For the second time in the past two months, the issuer of the world's most used stablecoin has denied the claims that it holds Chinese commercial paper.
Tether said the hedge funds that saw Terra's collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
While the war between Russia and Ukraine remains undecided, pro-Ukraine groups definitely won when it comes to the amount of cryptocurrency they received via their donation campaigns. While pro-Russian groups managed to raise more than $2 million in Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Dogecoin (DOGE), and USDT-TRX in crypto donations, the amount is just a tiny fraction of the amount received by those sympathetic to the Ukrainian government.
KuCoin, a cryptocurrency exchange whose headquarters are in Seychelles, has launched an exchange-traded fund (ETF).
Tether, issuers of the USDT stablecoin, criticized hedge funds for shorting the cryptocurrency saying that the bearish bets have failed to pay off and are not worth the huge amount of fees brought on by the strategy. The post Tether to Hedge Funds Shorting USDT: Strategy Failed, ‘You Made no Profit' appeared first on BeInCrypto.
The KuCoin exchange debuted USDT-dominated NFT ETFs and the new investment product aims to increase liquidity and access to leading NFT token collections like BAYC so let's read more today in our latest cryptocurrency news.
Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ.
While a considerable percentage of market watchers have maintained a persistent bullish outlook towards the crypto markets despite the steadfast bear market, some investors have resorted to stablecoins in what appears to be an attempt towards finding safety in the security the assets provide over the sharp volatility that characterizes the markets.
Whales have a significant and widespread impact on the bitcoin market.
KuCoin's new investment product aims to increase the liquidity of, and access to, leading nonfungible token collections such as BAYC.
Tether Holdings Ltd. denied rumors that its Tether (USDT) token was backed to 85% by Chinese or Asian commercial paper.
The second biggest stablecoin by market cap, USDC, is expected to overtake USDT, according to analysts at Arcane Research. The post Research: USDC on track to flip USDT by Q3 to become leading stablecoin appeared first on CryptoSlate.
