Tether

October 16, 2021
The Last Cryptocurency
CoinDesk Feed
CoinDesk Feed

Tether was one of the first cryptocurrencies to peg its market value to a fiat currency. Launched in July 2014, Tether, originally called “Realcoin”, valued each token at $1.00 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Due to its dollar peg, Tether and other similar cryptocurrencies have been dubbed “stablecoins”. Tether is the largest stablecoin by market capitalization and its users can redeem tethers for dollars. Originally, Tether launched on Bitcoin’s Omni Layer, but continues to expand to other protocols, including Ethereum, Bitcoin Cash, TRON, EOS, and Liquid Network. Note: the market cap figure shown here counts only supply on Ethereum

Tether price page is part of The CoinDesk 20 that features price history, price ticker, market cap and live charts for the top cryptocurrencies. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here.

(Phillip Faraone / Stringer / Getty Images Entertainment)Reactions from Bitcoin Twitter and beyond as Square puts 1% of its treasury assets into bitcoin.For more episodes and free early access before our regular 3 p.m. Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica, iHeartRadio or RSS.This episode is sponsored by Crypto.com, Nexo.io and Elliptic.A special breaking edition of The Breakdown follows the market’s reaction to Square’s…

Leveraging Bitcoin’s Security for Trustless Asset Transfers

Bridges have consistently posed serious security risks, especially in connecting Bitcoin and Ethereum, the two largest blockchains. These ecosystems remain largely isolated from each other, and cross-chain bridges have repeatedly been vulnerable to hacks, resulting in billions of dollars in losses. What’s needed is a new approach — one that leverages Bitcoin's robust security to

Polymarket Resolves Presidential Election Contract

Polymarket has resolved its Presidential election contract, a $3.6 billion market that brought prediction markets to the mainstream. The market was resolved just before 11 am eastern time, a few hours after the Associated Press and NBC called the election for Donald Trump. Market rules required the Associated Press, NBC, and FOX News to all

Ether ETFs Record Biggest Outflows Since July in Sign of Low Institutional Appeal

Ether ETFs experienced the largest outflows since July, with over $79 million exiting on Monday. The outflows were predominantly from Grayscale’s Ethereum Trust (ETHE), while other ETFs like Bitwise's ETHW saw minor inflows, highlighting Grayscale's significant influence on the market dynamics. Despite an 11% rise in ether prices due to favorable macroeconomic conditions like Fed

Crypto Broker Prasos Wins EU Payment Institution License

news A Finland-based firm offering cryptocurrency brokerage and exchange services has been granted a Payment Institution License (PIL) in the EU. In an announcement Friday, Prasos Ltd. said that, with the news, it has become only the third crypto firm in Europe to receive the license. Awarded by the Finnish Financial Supervisory Authority (FSA), the…

Protocol Village: Movement Labs Says ‘Move Virtual Machine’ to Use Celestia, Snowman

Nov. 27: Movement Labs announced the launch of M2, "the first Move Virtual Machine L2 for Ethereum, scaled with Celestia as modular DA," according to the team: "M2 will enable developers to launch secure, performant and high-throughput Move VM rollups as easily as they do smart contracts. M2 integrates Celestia for data availability, Snowman for

First Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding Bitcoin

A wave of new bitcoin buyers is arriving just as easily-obtained supplies of the cryptocurrency fall to their lowest levels in more than three years. Feb 10, 2021 at 3:28 p.m. UTCFirst Mover: As Wall Street Fixates on Inflation Hedges, Good Luck Finding BitcoinPrice PointBitcoin (BTC) was lower, after an intraday price spike on Tuesday took…

Who Has the Power, Retail or Institutional Investors?

opinion Noelle Acheson is a veteran of company analysis and a member of CoinDesk’s product team. The opinions expressed in this article are the author’s own. The following article originally appeared in Institutional Crypto by CoinDesk, a free newsletter for institutional investors interested in cryptoassets, with news and views on crypto infrastructure delivered every Tuesday. Sign…

Judge Signs Off on Binance’s $4.3B Plea Deal With U.S. Prosecutors

A federal judge has signed off on crypto exchange Binance's $4.3 billion plea deal with the U.S. Department of Justice.During a sentencing hearing Friday, Judge Richard Jones of the U.S. District Court for the Western District of Washington approved the top-line fine itself, though he did not yet sign off on any monitor for the

Share this: