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Despite the controversies, new Tether tokens continue being minted as demand continues to increase. Currently, the market cap of USDT is $68.223 billion, up from $4.108 billion in October 2019.
Tether Limited also disclosed a net equity of $11.9 billion, and the stablecoin's market capitalization exceeded $114 billion. [5] [6] Tether faces criticism regarding the transparency and verifiability of its claimed fiat reserves. [7] Tether is the largest cryptocurrency in terms of trading volume, holding 70% of the market share among ...
Founded in 2013, Rumble is still much smaller than YouTube, reporting around 67 million monthly active users. But it has become a prime source of information for young conservatives and, after ...
In the past, a big source of mistrust around Tether has been its reliance on little-known banks as partners, including the Bahamian Deltec, to manage the reserve of dollars and Treasury bills that ...
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Tether is a cryptocurrency (a so-called stablecoin) which Tether Limited had claimed to be pegged to the US dollar. Tether is closely associated with Bitfinex, with whom, as of 2018, they shared common shareholders and management. [39] In 2017, critics raised questions about the relationship between Bitfinex and Tether. [35] [58] [34]
As of 2020, USDC reserves were regularly attested (but not audited) by Grant Thornton, LLP, [7] and as of 2021, the monthly attestations could be found on the Centre Consortium's website. [ 8 ] History
The coming year will do much to show whether USDC or another stablecoin can challenge Tether’s dominance, and it’s also possible that the legal frameworks emerging across the world to support ...