Tether issues the world's largest stablecoin by market capitalisation, USDT. It is referencing (pegged to) the U.S. dollar. USDT is classified as a centralized stablecoin, backed by U.S. dollar deposits, short-term U.S. Treasuries, cash equivalents and other Tether's reserves. The company also issues EURT, XAUT and other stablecoins.
Tether USDT
Tether issues the world's largest stablecoin by market capitalisation, USDT. It is referencing (pegged to) the U.S. dollar. USDT is classified as a centralized stablecoin, backed by U.S. dollar deposits, short-term U.S. Treasuries, cash equivalents and other Tether's reserves. The company also issues EURT, XAUT and other stablecoins.
The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.
Christopher Waller, one of the Fed's most vocal members on crypto issues, stated that DeFi can complement, rather than replace, traditional finance. He sees stablecoins as an efficient tool to support U.S. economic influence and argues against the necessity of a retail CBDC.
New estimates project how much demand there will be for a digital euro. Plus, Tether launches a new tokenization platform, as BlackRock expands its tokenized fund to five new blockchains.
New estimates project how much demand there will be for a digital euro. Plus, Tether launches a new tokenization platform, as BlackRock expands its tokenized fund to five new blockchains.
The growing interconnection between stablecoins and T-bills used for their backing is raising concerns. While the US Treasury admits the importance of a unified monetary unit for further tokenisation of legacy systems, it believes that the present stablecoin design is not suitable for that purpose.
Christopher Waller, one of the Fed's most vocal members on crypto issues, stated that DeFi can complement, rather than replace, traditional finance. He sees stablecoins as an efficient tool to support U.S. economic influence and argues against the necessity of a retail CBDC.
Coinbase plans to delist Tether's stablecoins in the EU, giving a strong push to its related party Circle. Meanwhile, Tether is developing a new technology solution tailored for the EU market that mitigates the risks of non-compliance with the EU MiCA regulation.
Tether’s mining business faced legal turmoil as Swan Bitcoin accused it of stealing trade secrets. The dispute over their joint venture, 2040 Energy, escalated into a lawsuit, with Swan alleging Tether conspired to poach employees and proprietary data. Tether denies wrongdoing.
At the Bitcoin 2024 conference, Howard Lutnick emphasized Tether’s transparency, regulatory compliance, and security, contrasting it with Circle’s practices.
Chinese officials have already warned that transacting in Tether is illegal—and late last year, it urged local authorities to embark to impose tighter restrictions and punish those responsible.
