Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin dropped to 12-month lows in March.
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data.
Tether growth is hitting new all-time highs across multiple blockchains, but the first protocol to support Tether is being left behind.
Ethereum’s transaction counts have surged by 72% since mid-February
The U.S. Senate is considering blockchain voting during the COVID-19 crisis, while crypto becomes a mainstay in the Middle East.
Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications.
Bitfinex and Tether’s parent company wants to question employees of at least three U.S. banks about Crypto Capital – Bitfinex’s payment processor – accounts and holdings in an effort to recover more than $800 million.
On Thursday, hourly trading volume in Tether Gold climbed to over $13 million, up from roughly $1 million the day before.
Bitfinex and Tether CTO Paolo Ardoino says he hopes pToken – a project he has assisted – will make it easier for retail USDT holders to swap their tokens from one chain to another.
New research on issuances and flows of Tether and other stablecoins finds no systematic evidence that these assets drive cryptocurrency market movements.
Oil futures went negative today, bitcoin dipped below $7,000 and tether issuances went to $7 billion in today’s market wrap.
Tether CTO Paolo Ardoino believes the USDT stablecoin can boost the decentralized finance ecosystem.
Gold-backed crypto tokens continue to rise in price as sourcing gold itself during the coronavirus-induced downturn is reportedly getting more difficult.
The Singapore exchange is adding tether (USDT) perpetual contracts to simplify account management and allow two-way trades.
The world's largest stablecoin by market value is now live on the Bitcoin Cash network via the Simple Ledger Protocol.