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Whatever Tether is doing is clearly working as Ardoino expects the first three months of 2024 to be its most profitable quarter to date—which would be more than the $3 billion it earned in the ...
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.
In 2017, Ardoino became chief technology officer of Tether. [1] He later became the chief executive of Tether in 2023. Under Ardoino, Tether's flagship stablecoin, USDT, has grown to become the largest stablecoin by market capitalization, [5] and Bitfinex is the world's second largest exchange by number of Bitcoin held in its digital wallet. [6]
USDC and Tether nearly reached parity in 2022, but USDC declined coinciding with the Collapse of Silicon Valley Bank, where Circle held reserves. [ 8 ] [ 16 ] According to data compiled by Visa , USDC overtook Tether in stablecoin transaction volume in August 2024.
Bitcoin price predictions for 2025. Bitcoin went on a nice run to end 2024, and the presidential election win of crypto-friendly Donald Trump has also helped drive crypto prices higher. Other ...
Pierce was a co-founder of the cryptocurrency Tether with Reeve Collins and Craig Sellars in 2014. [38] Tether surpassed Bitcoin in trading volume with the highest daily and monthly trading volume of any cryptocurrency on the market in 2019. [39] Tether is a so-called stablecoin because it allegedly maintains $1 in reserves for each tether ...
CHARGERS: 23-20 Line: Chiefs minus 3 Mahomes plans to play with a mild high-ankle sprain as the Chiefs push toward a No. seed in the AFC. Kansas City is coming off its first win by more than one ...
Griffin and Shams' research attributed the creation of unbacked USDT to the rise in Bitcoin's price in 2017. [23] Following that, research indicated little to no evidence that Tether USD minting events influenced Bitcoin values unless they were publicized to the public by Whale Alert. [24] [25] [26]
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