Tether and its Partners To Disrupt Conventional Trading On Bitcoin Blockchain
In disrupting the legacy financial systems, Tether Inc. in conjunction with partner exchanges have announced the launch of EURT, a “euro-coin” which is tradeable and transferable over the Bitcoin blockchain. Tight spreads and low fees. The partners involved in this latest development are Omnipotent Layer Foundation, who specialise in developing Blockchain-based technologies, and peer-to-peer cryptocurrency platform, OpenLedger. Patrick Dugan, Foundation board member, says: “We’re enabling price discovery and remittance for the world’s most liquid market over the Bitcoin Blockchain, which....
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On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is now supported by the Near (NEAR) network, a smart contract blockchain system launched in April 2020. Near’s market valuation makes it the tenth largest smart contract token by market cap, and the 25th out of all....
Per a press release, the U.S. Commodity Futures Trading Commission (CFTC) has disclosed that their review on Tether Holding Limited and other associated companies has concluded. As a result, Tether has agreed to pay a $41 million fine. Related Reading | Breaking: Tether Executives Could Face Criminal Probe for Alleged Fraud The Commission concluded that Tether […]
Realcoin has officially announced it will rebrand as 'Tether' as it opens for private beta. First revealed in July, the Isle of Man and Hong Kong-based company said the name change is an attempt to better express its true functionality as a crypto 2.0 project that uses tokens to move currencies over the blockchain. Speaking to CoinDesk, CEO Reeve Collins emphasized this line of reasoning, stating: "We're not an altcoin, we're not our own blockchain. We're a service, a token that represents dollars. Our speciality at Tether is currencies on the blockchain, so Tether means a digital tie to a....
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% in 6 Months The blockchain company has reached a milestone this week as the firm’s dollar-pegged token USDT has surpassed a $50 billion market capitalization. Back in November 2020,....
Amid speculation that Tether, issuer of the largest stablecoin in the crypto market USDT, could launch its blockchain, the company’s CEO, Paolo Ardoino, has addressed the rumors with key details. Tether Abandons Plans To Launch Own Blockchain In an interview with Bloomberg News, Ardoino acknowledged Tether’s technological capabilities but noted that blockchains are rapidly becoming […]