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Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. [ 3 ] [ 4 ] It is pegged to the United States dollar , and is distinct from a central bank digital currency (CBDC).
USDT Jan Ludovicus van der Velde [57] Omnicore [58] PoW: Tether claims to be backed by USD at a 1 to 1 ratio. The company has been unable to produce promised audits. [59] 2016 Firo: FIRO Poramin Insom [60] Merkle tree Proof [61] C++ [62] PoW: The first financial system employing Zero-knowledge proof to protect users' privacy. [60]
The Trump meme coin was launched on January 17, 2025, three days before Trump was inaugurated as president of the United States. The lack of a public announcement initially led to concerns that the cryptocurrency was a scam and might have no association to the president-elect. [3]
RLUSD is backed 1:1 by the U.S. dollar, meaning the company has promised to hold an equivalent sum of dollars in a reserve to collateralize each stablecoin that it issues.
The coin’s value rose from $1.98 to a high of $2.46, ... Despite the sector’s massive growth, two rival stablecoins—Circle’s USDC and Tether’s USDT— have about 90% market share, ...
USDT may refer to: USDT, the ticker symbol for the Tether stablecoin cryptocurrency; United States Department of the Treasury; Ultra-slim desktop, a computer ...
Treasury Secretary Scott Bessent and Commerce nominee Howard Lutnick bring significant crypto exposure to the cabinet, with Lutnick having managed assets for the $140 billion USDT stablecoin ...
In 2018, bitcoin's design caused a 1.4% welfare loss compared to an efficient cash system, while a cash system with 2% money growth has a minor 0.003% welfare cost. The main source for this inefficiency is the large mining cost, which is estimated to be US$360 million per year.