Tether (USDT): Fiat currencies on the Bitcoin blockchain Abstract: Tether introduces a digital token backed by fiat currency, offering a robust and decentralized method of exchanging value with a familiar accounting unit. The innovation lies in utilizing blockchain technology for an auditable and cryptographically secured global ledger, ensuring a one-to-one reserve ratio between the cryptocurrency token (tethers) and its associated …
Tether’s Strategic Expansion: Becoming a Bitcoin Behemoth and Beyond
April 2nd, 2024 — In a significant development, Tether (USDt) announced its position as the seventh-largest Bitcoin holder globally, underscoring the burgeoning popularity of stablecoins and their utilization in Tether casinos. This move highlights Tether’s commitment to ensuring its robust presence in the cryptocurrency domain. On March 31, Tether, the powerhouse behind the USDT stablecoin, made waves in the crypto …