“The data shows despite the instability faced by the lira, local traders are still attracted to the exceptional returns associated with coins such as SHIB,” Strahinja Savic, head of data and analytics at Toronto-based crypto platform FRNT Financial, said in an email. CoinDesk reached out to BTCTurk, one of a handful of local exchanges offering lira-BTC trades for comment, but … [Read more...] about Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Tether
Tether mints an additional $3 billion of USDT in past 2 weeks
Tether’s circulating supply has increased to $76 billion as the team minted an additional $3 billion worth of the asset during the last 2 weeks, and most notably $1 billion of those new coins were minted on Tron Network on December 4.Tether mints new coin, faces scrutiny about its backingAccording to available data, USDT’s new circulating supply which is around $76 billion is … [Read more...] about Tether mints an additional $3 billion of USDT in past 2 weeks
Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
Tether (USDT), the world’s largest stablecoin by market value, has turned volatile on Indian exchanges amid renewed regulatory uncertainty. And savvy traders are profiting from the price instability.The cryptocurrency launched to help mitigate volatility associated with other digital assets should always be worth $1 or rupees (₹) 74.37, as per the current dollar-rupee or … [Read more...] about Stablecoin Tether Crashes on Indian Exchanges, Traders Buy The Dip
Tether
Tether (USDT) was one of the first cryptocurrencies to peg its market value to a fiat currency. Tether, originally called “Realcoin,” valued each token at $1 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Because of that peg to a stable fiat currency, Tether and other similar cryptocurrencies have been dubbed “stablecoins.” Tether is the … [Read more...] about Tether
These are the six companies that bought almost $100 Billion USDT from Tether
After several months of research, a report from Protos managed to identify exactly who acquired 70% of all USDT ever issued. The report looked at every single USDT ever sent to and from Tether across eight blockchains and layers it currently exists on, finding that the company distributed $108.5 billion in USDT since 2014.The majority of the funds were sent directly to market … [Read more...] about These are the six companies that bought almost $100 Billion USDT from Tether