Tag Archives: Tether (USDT)

Tron (TRX) Edges out Tether (USDT) From the Number 8 Spot. Is Stellar (XLM) Next?

The Tron cryptocurrency clearly has the momentum in the crypto markets as we complete the second week of 2019. Only days ago, TRX edged out Bitcoin SV (BSV) from the number 9 spot on coinmarketcap.com. On that day, TRX’s market cap stood at $1.558 Billion. Further checking coinmarketcap.com we find that its market capitalization has risen to $1.942 Billion.… Read More »

Binance To Add 3 New Stablecoin Pairs: PAX/TUSD, USDC/TUSD and USDC/PAX

In an announcement earlier today, the team at Binance let the crypto community know that it was going to open trading for three new stablecoin pairs: PAX/TUSD, USDC/TUSD and USDC/PAX. The announcement went on to provide a time frame for the new additions as follows: Fellow Binancians, Binance will open trading for PAX/TUSD, USDC/TUSD and USDC/PAX trading pairs at 2019/01/08… Read More »

Bitfinex Launches Margin Trading for Tether (USDT) Paired With the USD

From the 21st of December 2018, users of Bitfinex can now access margin trading for the USDT/USD pair. The exchange made the announcement yesterday in a bid to improve its stablecoin offering in line with market evolution and consumer demand. Why Margin Trading for USDT/USD The team at the exchange went on to explain why they decided to… Read More »

Bloomberg: Clues Suggest Tether (USDT) Has the Billions To Back Up the Digital Asset

Rumors surrounding the stablecoin known as Tether (USDT) have long speculated that the parent company does not exactly have the funds to back up the total tokens in the market. The continual uncertainty as to whether USDT was backed by cold cash caused the fake news in mid October that Binance was delisting the stablecoin from the platform.… Read More »

Binance Adds True USD (TUSD) to its Combined Stablecoin Market (USDⓈ)

Less than a week ago, the team at Binance announced that it was launching a Combined Stablecoin Market (USDⓈ) that would add more stablecoins in addition to Tether (USDT). The move was considered by many, as catering for institutional clients who would prefer multiple stablecoins rather than just one. Binance already has the following stablecoins. Paxos Standard Token (PAX)… Read More »

Tether (USDT) Flips Litecoin (LTC) In a Sign of the Times

Cryptocurrency, Litecoin (LTC), Tether (USDT)–As the crypto markets fall into another price rout to kick off the final month of the year, with the price of Bitcoin dropping below $3800, controversial stablecoin USDT has managed to flip Litecoin to become the seventh largest cryptocurrency by market capitalization. Litecoin, the invention of industry mainstay Charlie Lee and often described… Read More »

Chinese Crypto Billionaire Developing New Stablecoin

Cryptocurrency, Stablecoins–While most investors will remember 2018 as one of the worst bear markets for cryptocurrency, those on the development and adoption side will hail it as the year of the stablecoin. As Bitcoin slips below $4000 again to put an exclamation point on its worst month of losses since August 2011, the landscape of price anchored stablecoins… Read More »

Why Tether’s (USDT) Reign As the Preferred Stablecoin Might Soon Be Over

Ever since Tether (USDT) was first listed on Bitfinex back in 2015, crypto traders have preferred the stable coin whenever the Bitcoin (BTC) and the cryptocurrency markets took a turn for the worst. This is due to the fact that USDT is pegged to the $1 value. The value of USDT can sometimes fluctuate by a few decimal… Read More »

BCH Hash Wars and Tether Manipulation: Not a Good Look for Cryptocurrency

Bitcoin Cash (BCH), Cryptocurrency, Tether (USDT)–On a day where the crypto markets are finally seeing scant amounts of green, after one of the most precipitous drops in valuation to punctuate 2018’s bear cycle, investors still have to contemplate the impact of cryptocurrency’s most controversial projects: Tether and Bitcoin Cash. ADVERTISEMENT Bitcoin Cash, which appeared to have spurred some… Read More »

Bloomberg: Bank Backing Tether (USDT) Refuses to Comment on Relationship

Tether (USDT), Cryptocurrency, Stablecoins–Just as the controversy surrounding the USDT stablecoin by Tether appeared to be subsiding, the company is now handling questions in relation to its partnership with recently announced Deltec Bank & Trust Ltd. In a statement made on Nov. 1, the stablecoin company announced that it had an account with Bahamas-based Deltec Bank & Trust… Read More »