USDT Archives - The Defiant

Investors Eye Decentralized Stablecoins as Consortium Bars 38 Addresses

Tether launched a new stablecoin pegged to the Mexican Peso Thursday, marking the company’s first foray into Latin America while adding to a roster that already includes USD₮, the world’s largest stablecoin by market capitalization.  Dubbed MXN₮, the stablecoin is pegged 1:1 to the Peso, according to Tether, meaning each MXN₮ token is worth one …

In the part 1 of 2 series on how to research stablecoins, we take a look at institutionally issued stabelcoins.

The world’s largest US dollar stablecoin, Tether (USDT), today announced its first attestation report in six months. The report disclosed that Tether had decreased its commercial paper holdings – short-term commercial debt – by 17% from December 2021 through March 2022, from $24.2B to $20.1B. Tether said it has decreased its commercial paper holdings by …

Data Indicates Bots Made Off With Huge Sum on Arbitrum

Crypto’s largest stablecoin USDT traded as low as $0.95 overnight before recovering.

This step-by-step guide will walk you through the ins and outs of stablecoins.

Doomsday scenarios in DeFi revolve around the strength of stablecoins such as USDC and USDT.

Crypto markets were showing impressive strength to start the week, on track for a sixth straight day of gains –– until news headlined caused prices to trip mid-run. Bitcoin shot up to as high as $40,300 and Ethereum was trading above $2,400 on Tuesday. The DeFiPulse Index (DPI), a market capitalization-weighted index which consists of …

The value of SafeDollar (SDO), an algorithmic stablecoin intended to be pegged to $1, has dropped to zero after a $248K exploit on Polygon. In a post-mortem analysis published on June 28, SafeDollar reported it had lost $202K of USDC and $46K of USDT as a result of an attack on one of its pools …

Stablecoins are one of the fastest-growing asset types in the crypto world. The purpose of these cryptocurrencies is to track a particular peg (usually the dollar) minimizing volatility and providing a convenient unit for transacting. They have become the lifeblood of the DeFi ecosystem and may look to take over other sectors like remittance and …