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Tether To Claim USDT Is Fully Backed By $USD, Again

We write this article pretty frequently, I’d say at least three times a year, however, as the world’s most traded stablecoin, it’s important we report the news, right? Tether have once again hit the headlines regarding their US Dollar pegged stablecoin, USDT and theories about whether or not USDT fully backed by the US Dollar, meaning for each ever USDT in existence, there is $1.00 behind it, this is what gives stablecoins value and also stops them from being exposed to the volatility of regular cryptocurrencies. Stablecoins are pegged to FIAT currencies and they allow investors to make crypto to...

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Tether & TRONs Collaboration Could See Big Gains for the Market

In a recent statement, TRON announced the news and added a few details saying that the TRON blockchain-based asset a “TRC20-based USDT”. This would be in a similar sense the Ethereum-based ERC20 tokens. Today we take the next step in our journey towards stablecoin mass adoption though the introduction of USDT on the @Tronfoundation blockchain. Read more about how Tron has become the latest blockchain to deploy Tether here: https://t.co/UrVlDXmps6 — Tether (@Tether_to) March 4, 2019 In the statement provided by Tether is says, “the TRC20-based USDT enables interoperability with TRON-based protocols and Decentralised Applications (DApps) whilst allowing users to...

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Tether Accounts for 5% of Daily Bitcoin Transactions

In a new post on the Omni Layer Medium page, the pseudonymous Omni Core maintainer “dexx” revealed some statistics around Tether’s use of the Bitcoin blockchain and the Omni Layer protocol. In their post, dexx pointed to the TetherUS token’s transactions per day and transaction volume as indicators of the general success of the token, which was created on the Omni Layer network in 2014. Tether Limited is a company that has released multiple stablecoins on the Bitcoin and Ethereum blockchains, and TetherUS was the first stablecoin on the market to gain serious traction. Tether is seen as a rather...

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Bitcoin ETF Approval and Tether to be Wiped Out? 2019 Predictions

We are now two weeks into 2019 though the markets still reek of 2018 fever. I’ll be honest, many of us did expect to see Bitcoin at $10,000.00 by now and some of us may even have felt optimistic enough to believe that the start of 2019 would have bought the same riches as the start of 2018. Two weeks later, we are pretty certain that this is not the case. As we have seen, the markets are riding very low, too many, this is good news - it presents a great buying opportunity, for others though, this is a...

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Further Investigations Into World’s Leading Stablecoin

Reports have surfaced that suggest Tether has got the billions to back its promises to suggest that the stablecoin could be backed one-to-one by dollars. That said, the reserves do not necessarily prove the innocence of Tether in a laundry list of other mismanagement. Earlier in the week, it was reported by Bloomberg that “Crypto-Mystery Clues Suggest Tether Has the Billions It Promised,” alluding to statements which go back four months of money cash held in Tether’s dollar reserves. Unfortunately, though, these claims don’t ensure the leading stablecoin to be backed one-to-one prior to the date of the bank statements,...

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