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Tag Archives: USDT

Data Suggests USDT Supply on Exchanges Affects Bitcoin’s Price

May 7, 2020

priyankasaxena

As Bitcoin has now crossed the $9,000 mark and is hovering around $9,200 at press time, many saw this as a clear sign that the world’s largest cryptocurrency has entered its pre-halving bull run. While it’s still too early to tell whether this will be the case with the latest price spike, there...

Tether (USDT) Surpasses $6bn in Market Cap

Apr 1, 2020

Tether, the world’s first and by far the most popular stablecoin, has just surpassed $6 billion in market capitalization. While the number might not seem high when compared to Bitcoin’s $117.75 billion and Ethereum’s $14.63 billion market cap, it’s still a huge achievement for a relatively n...

Liquid Launches Support for Tether

Jul 30, 2019

Bitcoin Magazine

The cryptocurrency industry’s predominant stablecoin, tether, now has a new home on Blockstream’s Liquid sidechain. As of today, July 29, 2019, the Bitcoin secondary network now supports USDT as one of its Liquid assets. These assets, the tokens that power the Liquid network, hold ...

Tether Partly Backed by Bitcoin, Court Transcription Reveals

May 22, 2019

Bitcoin Magazine

Tether, a stablecoin tied to the dollar that is meant to mediate the volatility of other cryptocurrencies, is partly backed by bitcoin. As detailed in court documents obtained by The Block, Tether admitted to using some of the cash reserves meant to back its stablecoin to purchase bitcoi...