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What Is Tether? How USDT Works and What Backs Its Value

Tether’s USDT is the most popular stablecoin and is widely used by traders. It is not without controversy. Here’s what you need to know.

Hedge funds are increasingly betting against Tether. (Andreas Wagner/Unsplash)

Markets

First Mover Asia: Tether Is Quiet About Its Bankers. Will It Affect Its Peg?

Tether has relationships with a number of banks but won't say much more; bitcoin rises slightly.

Tether's failure to pinpoint its banking relationships seems to already be affecting its dollar peg. (Getty Images)

Videos

Tether Expands With USDT Launch on Polygon

Tether has launched its USDT token on Polygon, an Ethereum scaling platform. The largest stablecoin by market capitalization is now available on more than 11 blockchains. “The Hash” team discusses the latest milestone in Tether’s multi-chain push.

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Finance

Tether Expands With Introduction of Dollar-Pegged Stablecoin on Polygon

Tether is now available on over 11 blockchain networks.

US Dollars

Finance

Tether Enters Latin America With Mexican Peso-Pegged Stablecoin

The country’s multibillion-dollar remittances business and difficulties in transferring money create a “unique opportunity," the company said.

Bandera de México. (Alexander Schimmeck/Unsplash)

Videos

Acting OCC Chief Michael Hsu on Regulating Stablecoins After Terra ‘Contagion’

Acting Comptroller of the Currency Michael Hsu discusses his take on the rise and fall of Terra’s “hype-driven economy,” its “contagion” to Tether (USDT) and the broader crypto ecosystem, and why he doesn’t think he would regulate algorithmic stablecoins.

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Markets

Crypto Whales Ditched Tether for USDC After Stablecoin Panic

The UST failure prompted large investors on the Ethereum blockchain to leave USDT for the perceived safety of its biggest competitor.

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Layer 2

Tether ‘Transparency Is Needed’ Following Terra’s UST Collapse: Analyst

The director of blockchain market research Quantum Economics said during CoinDesk TV's "First Mover" that Tether should be more transparent about “what they actually hold on their balance sheets.”

Alexandre Lores on CoinDesk TV's "First Mover." (Modified by CoinDesk)

Videos

Tether Market Cap Drops by $10B Since UST Collapse, Concerns Over Terra Backer Celsius

Quantum Economics Director of Blockchain Market Research Alexandre Lores discusses what to make of investors redeeming $10 billion worth of stablecoin Tether (USDT) since Terra's collapse, and why he prefers to hold only USDC. Plus, his take on concerns over Terra's backer Celsius after it pulled at least half a billion dollars out of Anchor Protocol just as the Terra losses began.

Recent Videos

Videos

Do Kwon’s Taxing Questions; China’s Underground Mining

Terra’s Do Kwon answers back on office closures and tax payments. Tether (USDT) market cap has dropped by $10B since UST collapse. Sources say crypto miners have gone underground in China amid ban. Wine and liquor NFT platform looks to open up the industry. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos