Tether (USDT) is a stablecoin that is referencing (pegged to) the US dollar. USDT is classified as a centralized stablecoin, backed U.S. dollar deposits, short-term U.S Treasuries, cash equivalents and other Tether's reserves.
USDT
Tether (USDT) is a stablecoin that is referencing (pegged to) the US dollar. USDT is classified as a centralized stablecoin, backed U.S. dollar deposits, short-term U.S Treasuries, cash equivalents and other Tether's reserves.
The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.
Tether continues to expand the list of exchanges where users can access gold-referenced XAUT and Euro-referenced EURT. BitMart and MEXC Global exchanges have announced the listing of stablecoins.
The issuer of the largest stablecoin, Tether continues its path to transparency. In the recent quarterly reserve report, the company showed a breakdown for a previously consolidated reserve category that revealed its investments in gold and bitcoin.
Tether continues to expand the list of exchanges where users can access gold-referenced XAUT and Euro-referenced EURT. BitMart and MEXC Global exchanges have announced the listing of stablecoins.
Bank of America has highlighted the tokenization of real-world assets, including funds, equities, and commodities such as gold, as a “key driver of digital asset adoption.”
In early April, a significant hack targeted MEV bots, resulting in the withdrawal of $25 million through an exploited vulnerability. Tether later took action by blocking the address of the validator responsible for the withdrawal.
