#Tether

OKEx Partners With CuboPay To Facilitate Tether Purchases

Crypto News Point

Jun 1, 2021
2 min

OKEx Partners With CuboPay To Facilitate Tether Purchases

OKEx, the world’s leading cryptocurrency exchange, has partnered with local payments firm CuboPay to facilitate Tether ($USDT) purchases in exchange for Brazilian real via PIX. It has been reported that the news follows similar moves from rival exchanges, including Crypto.com peer-to-peer platform Localbitcoins. The integrations come as the Central Bank of Brazil (BCB) published preliminary guidelines for a central bank digital currency (CBDC). However, the announcement empha

Market Cap Of Dogecoin Crosses Tether

Crypto News Point

May 5, 2021
2 min

Market Cap Of Dogecoin Crosses Tether

The market capitalization of Dogecoin (DOGE) has crossed Tether, as the market cap of Dogecoin is $52.5 billion, more than $400 million higher than that of Tether (USDT) at $52 billion. It has been reported that the token has already surpassed Ford’s and Twitter’s market capitalization at $45.1 billion and $43.1 billion. The weeklong surge in DOGE price follows crypto-friendly trading platform eToro announcing it will begin listing Dogecoin. However, a representative for eTor

Tether Tokens (USDt) Live On Solana

Crypto News Point

Mar 13, 2021
2 min

Tether Tokens (USDt) Live On Solana

Tether Operations Limited, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has launched Tether tokens (USDt) on Solana, an ultra-high-speed Layer 1 blockchain. USDt’s integration on Solana will allow USDt holders to exchange USDt at speeds greater than 50,000 transactions per second, often for as little as $0.00001 per transaction. This will facilitate the development of high-speed, low-cost applications, including those in the nas

Report: Bitfinex And Tether To Pay $18.5 Million For Damages To The State Of New York

Crypto News Point

Feb 25, 2021
2 min

Report: Bitfinex And Tether To Pay $18.5 Million For Damages To The State Of New York

Report said that Bitfinex and Tether to pay $18.5 million for damages to the state of New York and submit to periodic reporting of their reserves. It has been reported that Bitfinex and Tether settled with the Office of the New York Attorney General in the landmark case against Tether. New York authorities alleged that Tether misrepresented the degree to which Tether (USDT) coins were backed by fiat collateral. However, the terms of the settlement mandate Bitfinex and Tether

Coin Metrics Co-founder Nic Carter Fires Back At “Wild Theories” About Tether

Crypto News Point

Feb 4, 2021
2 min

Coin Metrics Co-founder Nic Carter Fires Back At “Wild Theories” About Tether

Nic Carter, the co-founder of Coin Metrics, has fired back at “wild theories” about Tether, as reported by the Wall Street Journal. It has been reported that Carter, a former Fidelity crypto-asset analyst and Castle Island Ventures partner, slammed the Wall Street Journal article titled “Behind the Bitcoin Bubble” by Andy Kessler by alleging that it verged on “journalistic malpractice.” He added: “Normally, if you are a columnist writing in one of the most respected financial

Tether tokens (USDt) First To Go LIVE On Hermez Network Layer 2 Solution

Crypto News Point

Jan 13, 2021
2 min

Tether tokens (USDt) First To Go LIVE On Hermez Network Layer 2 Solution

Hermez Network, a decentralized zero-knowledge rollup (zk-rollup), will launch Tether tokens (USDt) on the protocol’s Layer 2 network, a solution designed to improve scalability on Ethereum to ensure cheaper transactions. Hermez will work with key projects ahead of its official launch to provide significantly cheaper payments and token transfers to millions of users around the world. Jordi Baylina, Technical Lead at Hermez, said: “Hermez is excited to welcome Tether tokens (U

Bitfinex Adds Tether Tokens (USDt), Euro Trading Pair

Crypto News Point

Dec 21, 2020
1 min

Bitfinex Adds Tether Tokens (USDt), Euro Trading Pair

Bitfinex, a state-of-the-art digital token trading platform, has added Tether tokens both USDt and EURt to the suite of tokens available for trading. Paolo Ardoino, CTO at Bitfinex, said: “This new trading pair allows our users to trade EURt with crypto’s most liquid, stable and popular stablecoin. We anticipate great interest among our user base in this new trading pair.” The market capitalization of USDt currently stands at US$20 billion, underlying the increasing dominance

Tether’s Market Cap Surpasses US$ 15 Billion As Crypto’s Reserve Currency Goes From Strength To Stre

Crypto News Point

Sep 18, 2020
2 min

Tether’s Market Cap Surpasses US$ 15 Billion As Crypto’s Reserve Currency Goes From Strength To Stre

British Virgin Islands, September 17, 2020 – Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has risen above US$15 billion in market capitalization as the most liquid and trusted stablecoin continues to enjoy rapid growth. The importance of Tether (USDt) is growing as the stablecoin performs an increasingly vital function within the digital asset ecosystem. While USDt continues to play a pivotal role in the trading of digit

Tether Surpasses Bitcoin And PayPal For Average Daily Transfer Value

Crypto News Point

Aug 26, 2020
2 min

Tether Surpasses Bitcoin And PayPal For Average Daily Transfer Value

Tether has surpassed Bitcoin and PayPal for the average daily transfer value. It has been reported by CoinMetrics that Tether’s 7-day average adjusted transfer value reached over $3.55 billion as of August 20. According to the research, this is around 20% more than that for Bitcoin which was a reported $2.94 billion. However, after six months of rapid growth, USDT average daily transfer value has finally flipped Bitcoin’s as it continues to take more and more of the market sh

Increasing Demand for Tether Gold as Commodity Tops US$1,900

Crypto News Point

Jul 28, 2020
3 min

Increasing Demand for Tether Gold as Commodity Tops US$1,900

ROAD TOWN, British Virgin Islands, July 24, 2020 – Tether Gold (XAU₮), a digital asset providing ownership of physical gold (XAU) custodied in Switzerland, has witnessed increasing demand as the price of gold surpasses US$1,900 a troy ounce amid increasing geopolitical tensions. Gold has enjoyed its longest winning streak since 2011 as the global COVID-19 crisis shows no signs of abating, and a deepening diplomatic row between the US and China unsettles investors. The metal i

Tether Reaches $10 Billion In Market Capitalization

Crypto News Point

Jul 23, 2020
2 min

Tether Reaches $10 Billion In Market Capitalization

Tether (USDT) has reached $10 billion in market capitalization as growth in 2020 picked up. It has been announced by Tether and also seen through the market price aggregator CoinGecko. However, Tether’s issuance has seen significant growth in 2020, doubling from $5 billion in just five months since March 2020. In March 2020 we hit a big milestone as our market capitalization hit $5 billion. Now only four months later we’ve surpassed a $10 billion market capitalization 🔝 Ano

Bitfinex Puts 10,000 Tether (USDt) Up For Grabs in Paper Trading Competition

Crypto News Point

Jul 14, 2020
2 min

Bitfinex Puts 10,000 Tether (USDt) Up For Grabs in Paper Trading Competition

ROAD TOWN, British Virgin Islands, July 13, 2020, 9:00 AM UTC – Bitfinex, a state-of-the-art digital asset trading platform, has unveiled a paper trading (PT) competition, enabling users to test their trading skills against each other and win prizes of up to 5,000 Tether (USDt). Dubbed Rey del Papel, the competition will run from July 15, 2020, to July 29, 2020. The top 10 traders by trading volume and profit and loss (P&L) on TEST pairs during the competition period will be

Tether Bans 40 Ethereum Addresses Holding Millions Of Dollars Of The USDT Stablecoin

Crypto News Point

Jul 13, 2020
1 min

Tether Bans 40 Ethereum Addresses Holding Millions Of Dollars Of The USDT Stablecoin

Tether, a cryptocurrency stablecoin issuer, has banned 40 Ethereum addresses holding millions of dollars of the stablecoin USDT, as banned addresses cannot receive or send the cryptocurrency. Philippe Castonguay, the Ethereum researcher who shared his findings on Dune Analytics, said: “The 40 addresses have been banned from using USDT on Ethereum as of now.” It has been reported by Castonguay that one address was frozen in 2017, eight in 2018, seven in 2019, and 24 in 2020 so

Bitfinex Introduces Zero Fees on Tether/US Dollar (USDt/USD) pair for Users Generating $15 Million-

Crypto News Point

Jun 26, 2020
2 min

Bitfinex Introduces Zero Fees on Tether/US Dollar (USDt/USD) pair for Users Generating $15 Million-

ROAD TOWN, British Virgin Islands, June 26, 2020, 9:00 AM UTC — Bitfinex, a state-of-the-art digital asset trading platform, has introduced a zero fees scheme on the Tether/US Dollar (USDt/USD) pair to users who reach a trailing 30-day trading volume of more than $15 million, throughout the duration of the scheme. The zero fees benefit on the Tether/US Dollar (USDt/USD) pair, which applies for both maker and taker orders, will be awarded when a Bitfinex account reaches the

BTSE Exchange Lists Tether Gold Amid Growing Interest In World’s Most Enduring Asset

Crypto News Point

May 19, 2020
4 min

BTSE Exchange Lists Tether Gold Amid Growing Interest In World’s Most Enduring Asset

ROAD TOWN, British Virgin Islands – 19 MAY 2020 9:00 AM GMT – Tether Gold (XAU₮), a digital asset providing ownership of physical gold (XAU) custodied in Switzerland, has been listed on BTSE, a leading financial technology exchange, as demand increases for around-the-clock exposure to the precious metal. BTSE is the third cryptocurrency exchange to list XAU₮, which is growing in popularity as a trusted, liquid and accessible means of obtaining exposure to gold. XAU₮ is availa

Celsius CEO Alex Mashinsky Discusses Its Recent Introduction Of Support For Tether Gold

Crypto News Point

May 11, 2020
2 min

Celsius CEO Alex Mashinsky Discusses Its Recent Introduction Of Support For Tether Gold

Alex Mashinsky, the CEO of the DeFi platform Celsius, has discussed the platform’s recent introduction of support for Tether Gold (XAUT). It has been reported that Mashinsky described its support for tokenized gold as offering a bridge for users from the fiat currency into non-correlated and decentralized assets. However, Mashinsky stated: “For the first time in history, gold is earning interest in gold. Every week we give you a small nugget of gold on top of the gold you alr

DeFi Protocol Compound Implements Its First Community-Driven Governance Proposals

Crypto News Point

May 4, 2020
2 min

DeFi Protocol Compound Implements Its First Community-Driven Governance Proposals

DeFi, protocol Compound has implemented its first two community-driven governance proposals the past week. The proposals comes ahead of the launch of Compound’s Governance token (COMP), used to facilitate community-driven protocol upgrades and development. The first proposal asked the community whether the Compound protocol should introduce support for Tether (USDT). This was inspired by a September 2019 poll that showed Tether and Maker (MKR) as the top two most-requested cr

Bithumb Global Rolls Out Margin Trading With 5X Leverage For Bitcoin And Ether Trading Pairs With Te

Crypto News Point

Apr 4, 2020
2 min

Bithumb Global Rolls Out Margin Trading With 5X Leverage For Bitcoin And Ether Trading Pairs With Te

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT). #Bithumb #Global, the international #platform of #South #Korea’s #top #crypto #exchange, has rolled out margin #trading with 5x leverage for #Bitcoin (#BTC) and #Ether (#ETH),https://t.co/8vS84AkwLX#Rakamoto #FridayThoughts #Blockchain #Crypto #Bitcoin #Digital #Money #Coins — Blockc

Chainalysis Rolls Out Global Compliance Solution For Tether

Crypto News Point

Feb 13, 2020
2 min

Chainalysis Rolls Out Global Compliance Solution For Tether

Chainalysis is rolling out a global compliance solution for Tether (USDT), as the stablecoin’s issuer is now able to identify “high risk” transactions occurring on its network. Tether to Track Stablecoin Network Activity With Chainalysis Suite Tether has partnered with Chainalysis to track possibly illicit activities… – https://t.co/2t4t6GFaTv #Qrcode #Decentralized #Blockchain #Income #Options #SMM #Capital #Transaction #Value #Information pic.twitter.com/xnJUl5vxTk — Smart

Tether Stablecoin Is Now Available On Algorand Blockchain

Crypto News Point

Feb 11, 2020
1 min

Tether Stablecoin Is Now Available On Algorand Blockchain

Stablecoin operator, Tether launched its U.S. dollar-backed stablecoin USDT on the Algorand proof-of-stake (PoS) blockchain. On Feb. 10, a press release stated that USDT on Algorand will feature confirmation times as low as four seconds and transaction fees of a fraction of a percent. Tether is the first stable coin available on Algorand’s Next Generation Blockchain Platform.@Algorand users will have access to Tether and will benefit from fast transactions, unlocking the oppo