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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 ] As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.
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]
USDT may refer to: USDT, the ticker symbol for the Tether stablecoin cryptocurrency; United States Department of the Treasury; Ultra-slim desktop, a computer ...
Terra is a blockchain that leverages fiat-pegged stablecoins to power a payment system. For consensus, the Terra blockchain uses a proof-of-stake codesign. [4] Several stablecoins are built atop the Terra protocol, [4] including TerraUSD, which was the third largest stablecoin by market capitalisation before its collapse in May 2022. [5]
In May 2022 UST broke its peg with its price plunging to 10 cents, [14] while LUNA fell to "virtually zero", down from an all-time high of $119.51. [15] The collapse wiped out almost $45 billion of market capitalization over the course of a week. [16] On 13 June 2022, Tron's algorithmic stablecoin, USDD, lost its peg to the US Dollar. [17]
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Yahoo Finance is a media property that is part of the Yahoo network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content.
17 December 2017: Bitcoin's price briefly reaches a new all-time high of $19,783.06. [17] 22 December 2017: Bitcoin falls below $11,000, a fall of 45% from its peak. [18] 12 January 2018: Amidst rumors that South Korea could be preparing to ban trading in cryptocurrency, the price of Bitcoin depreciates by 12 percent. [19] [20]