Tether, the multibillion dollar “stablecoin” that functions as the largest bank in the cryptocurrency economy, has paid out $10bn (£8bn) in withdrawals since the crypto crash started in early May. The pace of withdrawals means […]
One of Tether’s key partners halved its borrowings of the stablecoin in the months before the temporary loss of its dollar peg spread shockwaves through markets. Celsius Network, a crypto lender with digital assets valued […]
Today, Tether (USDT) is holding at $1 (USDT/USD), which is not unusual for this stablecoin since it is linked to the US dollar and designed to have a steady rate. What is significant this morning […]
Tether (CRYPTO:USDT) is a stablecoin pegged to the U.S. dollar. That means 1 USDT is designed to have a value of $1, and it normally does, although there have been price fluctuations in the past. […]
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