What Is Tether (USDT), the Token With the Record $83.6 Billion Market Cap
Tether is a type of cryptocurrency known as a stablecoin, that’s pegged to the price of the U.S. dollar. Here’s everything you need to know.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Ripple’s RLUSD Adds Nearly $1B in 90 Days as Tether’s USDT Loses $5B
Ripple’s RLUSD stablecoin has crossed $2.5 billion in supply after adding about $972 million in 90 days, the biggest gain among ma...
Less than 10% of stablecoins are deposited in DeFi, Token Terminal finds
The low DeFi stablecoin deposits highlight untapped revenue potential for protocols and underscore Ethereum's dominance in the eco...
Moscow Exchange Details Clearing and Settlement for Bitcoin, Ether and USDT Trades
Moscow Exchange (MOEX) has set out how its planned crypto market will work, saying trades in bitcoin, ether and USDT will go throu...
Six Days After Launch, Morgan Stanley Says It Is Using DTCC’s Tokenization Service
Morgan Stanley is using the DTCC Tokenization Service (DTS) to put U.S. equities and Treasuries into token form, the bank said in...
Apple, Home Depot and GE Vernova Object to ICE-OKX Tokenized Stock Venue as Count Hits 59
Apple, The Home Depot and GE Vernova have objected to having tokenized versions of their shares traded on OKXICE TSV, the planned...
Tokenization and stablecoins may weather Democrats' sweep as broader crypto rules face uncertainty
Wall Street's push to bring finance onto blockchain rails may continue under existing laws, though the SEC and CFTC face tougher o...