Today's Hot Topics

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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CONFIRMED: Tether Can Afford To Keep USDT

As you should know, USDT is a stablecoin pegged to the US Dollar, created and funded by the team at Tether. The way stablecoins work is that they are backed by FIAT currencies, in order to ensure they are tethered to a set price. In other words, for USDT to be pegged to the US Dollar, it needs to have a like for like backing in dollars, for each 1 USDT, there needs to be $1.00 in the pockets of its creators. Many believe that as a result of the sheer volume of USDT in circulation, Tether do not have...

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Bitfinex Tackle Tether & List Four New Stablecoins

Bitfinex, one of the world’s leading cryptocurrency exchanges have listed four new stablecoins according to reports, in an attempt to shred some of the growing market share of Tether. Over the past day, the market capitalisation of Tether has shot up, suggesting that more USDT Tokens have entered the markets, something that is likely to have caused the recent plunge in the price of Bitcoin. By listing further stablecoins, investors that use Bitfinex are given access to further alternatives, meaning they won’t be forced to choose between USDT or DAI (the two stablecoins currently active on the Bitfinex exchange). This...

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One Stablecoin To Rule Them All - USDT vs TrueUSD

2018 has been famous in crypto for two things - a hard-hitting bear market and the rise of stablecoins, making cryptocurrency investment for the masses a far more attractive concept. Many believe that stablecoins will eventually lead to cryptocurrency adoption, as, in order to sell crypto to the mainstream, a currency that is balanced and pegged to a familiar asset needs to be used, otherwise, people will get confused with changing prices. Using a stablecoin means a direct price switch can be made, so $100.00 worth of FIAT can be transferred into $100.00 worth of stablecoin, and that $100.00 will...

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What Can We Learn From Tether?

Tether is the biggest stablecoin in the world by market cap and is one of the most traded cryptocurrencies in existence too. The premise of Tether is that it allows investors to purchase other cryptocurrencies like Bitcoin, in a token that is as close to the US Dollar as possible, meaning they can make safer crypto to crypto exchanges that aren’t as exposed to volatility as say, an Ethereum to Bitcoin exchange might be. After it was initially created by a former actor Brock Pierce, is a crypto entrepreneur and some other venture capitalists first launched on major fiat crypto...

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