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News

All the latest news about Tether

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KuCoin Hires Mazars To Conduct Third-Party PoR Verification Procedures

Cryptocurrency exchange KuCoin announced that it had hired Mazar to conduct its third-party proof of reserve verification procedures.

 Hassan Maishera

Multichain Announces Integration With The Near Protocol

The Multichain team announced via Twitter on Thursday that it has integrated with the Near Protocol.

 Hassan Maishera

Harmony Upgrades Its LayerZero Bridge

Harmony Protocol announced via Twitter on Friday that it had upgraded its LayerZero Bridge.

 Hassan Maishera

Trade

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CEX.IO

4.33 based on 1220 votes

Binance

4.09 based on 2265 votes

Kraken

3.99 based on 521 votes

Spend

Want to leave your cash at home? These cards support Tether.

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HODL Card

4.92 based on 12 votes

TRASTRA

4.23 based on 735 votes

Embily Card

4.14 based on 106 votes

Shop

So you've made a little Tether and now you want to spend it? These are the places to do it!

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BC.Game

5 based on 3 votes

Cloudzy

5 based on 1 votes

VPS2DAY.com

4.75 based on 8 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for Tether.

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YouHodler

4.03 based on 29 votes

Ledger Nano S

3.75 based on 182 votes

SpectroCoin Wallet

3.73 based on 85 votes

Review

Learn more about Tether.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This review of Tether consists of three chapters: origin & background, technology and pros & cons.

USDT is a stablecoin, created by the CEO of Bitfinex, JL Van der Velde, amongst others. When USDT came out in 2014, it’s first name was RealCoin. With background of the founding team, Bitfinex was subsequently the first exchange to release Tether on it’s trading platform. Tether has gained wide adoption and almost all large exchanges support it.

USDT figurates on the Bitcoin blockchain through the Omni Layer Protocol. Like Bitcoin, USDT can be transacted, used and stored but on the Omni Layer so preferably on the OmniWallet. USDT and the other Tether currencies that they support, are created to serve as an option to Bitcoin when inter-trading with national currencies and cryptocurrencies.

The Tether company claims that each USDT released are backed by $1 USD in the company’s bank account. Because of poor insight and such large trading volume, the U.S Commodity Futures Trading Commission issued subpoenas and sent them to the company on 6th December, 2017.  As a result of this the company releases bank account balances on their own Transparency Page to prove that the corresponding amount of USD is equivalent or more than the cryptocurrency. Once the company publishes a new statement, independent auditors will verify and sign the documents to prove its authenticity.

There has been a lot of controversy surrounding the USDT. Since USDT is also on the Ethereum blockchain, many users have pointed out instances of the Tether company releasing massive amounts of USDT in short periods of time. Some considered USDT to be the ticking time bomb that will cause the next major crash in crypto, including famous economist Nouriel Roubini.