How to select a crypto currency wallet
Golden Finance Bitcoin November 9, USDT stablecoin issuer Tether recently said that all of their issues of USDT tokens are backed by Tether reserves.
According to Tokenview stablecoin data monitoring, as of 14:00 today, the current Tether chain in circulation is 8.072 billion pieces. 264 million USDT of new Tether money printed in the past week, down 26.67% from the previous week; 220 million new USDT destroyed USDT. 392 million USDT newly issued via TetherTreasury, up from 32.61%. Current Treasury address balance is approximately USD 150 million
Tether issues another 500,000 USDT, overall supply rises to 950,000 units
Tether added 540 million USDT in the past week, according to Tokenview stablecoin data monitoring. At 10:00 today, 540 million new USDT prints in the past week, via Tether Treasury New Issues With 406 million USDT, the balance of Treasury addresses left 332 million USDT unissued. 120 million of the issued USDT went to 4 exchanges, including Coin Safe, Firecoin and Bitfinex.
Tether (USDT), the most traded USD stablecoin, is not on the list of new stablecoins supported by Bitpay. This may be related to the SEC's case against Tether for trading with the Bitfinex exchange.
[Tether issues $4.01 million in new USDT], according to WhaleAlert data. Feb 19, 07:44, Tether issues $4.01 million in new USDT, trading hash of. 0f88df8299daad18eeabdc4291dd16b452d90ee70514c06788625754a2076e
USDT is still the stablecoin of choice for most crypto traders. Despite criticism that Tether is not fully backed by fiat currency and iFinex's banking issues, USDT is still being widespread use
If the market price of USDT is higher than $1.00. An investor can buy USDT from Tether Treasury for $1 and sell it for the market price of Selling USDT for Arbitrage.Richard K Lyons and Viswanath-Natraj Research found that a 100 basis point (1 cent) increase in the USDT price would result in about $300 million flowing to the secondary market
Tether is the largest stablecoin and it has released tokens on several blockchains. For this analysis, check out the USDT-Omni, USDT-ETH versions, respectively
Tether issued an additional 2,188,006 million USDT in 1Q 2020, according to the data. April 1-April 15, 2020 Tether issues an additional 660 million USDT
On March 24 and March 25, Tether issued an additional 120 million USDTs to the ethereum network, which is the regular Operating 60 million USDT's twice as fast. Tether is like a money printing machine at full power, rapidly delivering USDT to the crypto market, and this time, the market There no longer seems to be any question about whether USDT is backed by a full dollar amount, because whether investors, project owners, exchanges, or other The participants, all of them, are busy solving the USDT liquidity problem. On March 12-13, Bitcoin's price nearly folded in half, and in response, USDT kept showing high premiums
This explanation helps address some of the market criticism of the USDT: an academic paper previously claimed that Tether manipulated the 2017 bull market, as Tether (USDT) was created by its eponymous parent company (which allegedly (the company holds three-quarters of its Tether reserves), and almost all of the tokens are moved to Bitfinex exchanges, when Bitfinex and other exchanges use Tether to coordinate when the price of Bitcoin falls The company simply "prints" USDT, but not Any real buyers, thus raising the price of bitcoin
15 million USDTs transferred from Tether Treasury wallets WhaleAlert According to the data, on March 20, 20:13 GMT, 15 million USDT from Tether Treasury wallet transfers to an address beginning with 0x8bb0, valued at approximately $14,973,000 at current prices
Tether (USDT) has emerged as the preferred stablecoin in the cryptocurrency market, according to a report. According to data provider Coin Metrics, over the past six months, Paxos (PAX) The daily trading volume of Tether (USDT) has exceeded not only Omni's offering, but also Ethereum's offering. Tether (USDT_ETH), USD Coin (USDC) and TrueUSD ( (TUSD)
Take a look at another well-known blockchain project, USDT, issued in digital dollars on ethereum. While USDT is on the blockchain, the system that guarantees the value of USDT is off-chain, i.e. by the issuer Tether The company promises that every USDT is equal to one dollar. While Tether has done much to ensure that this promise is valid, such as escrowing bank accounts, auditing, etc.. But for the whole process to really work smoothly, we have to trust Tether, the auditors, the custodian banks, etc., which There's a big difference between trusting the algorithm completely with BTC. Although blockchain is used, its value includes a huge amount of proxy risk, and if Tether et al. don't pay up, USDT It's a string of codes instead of a dollar.
Orange shaded area: NYAG sues Tether - USDT to suspend issuance; blue shaded area. USDT Rapidly Increasing Phase Again
Tokenview data monitoring, as of March 8, 15:00, the last seven days Tether new printing 260 million yuan. USDT, 289 million USDT newly issued through Tether Treasury. issued USDT Of that, 278 million went to four exchanges, including Bitfinex. Note: As Tether made a 200 million USDT chain swap last week, but the USDT from the original OMNI chain is still recycled on the Tether Treasury address, which has not yet been destroyed, so the additional printing also counts the 200 million for the above chain change. USDT
Circle, the cryptocurrency startup in which Goldman Sachs participates, raised $100 million in the spring of 2018, part of which was The funds were used to create and issue its USDC stablecoin. The stablecoin has since been added to dozens of exchanges, wallets, and lending platforms, despite failing to give Tether ( (USDT) punched hard, but still found a place in the stablecoin space, and Tether still dominates stable currency market. In March, Circle revealed it was looking to raise another $250 million
Although USDT is issued by the highly unreliable Tether, it has still largely maintained its price over the past few years in line with the Dollar cash is almost identical, and you can buy other digital currencies like Bitcoin with USDT, a digitized stablecoin!
This is what Tether fears the most. If everyone had to cash out USDT dollars from Tether, they'd be thunderstruck!
Article Tags: wallets for usdt tether