Cryptocurrencies, especially tether (USDT), have become an alternative for the private sector in Venezuela given the low availability of dollars.
In this sense, the private sector uses tether for transactions through authorized banks that offer these transactions to local companies. To do so, "they…
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USDT
Tether has enough backing for its USDT
Howard Lutnick, chief executive of Cantor Fitzgerald, a US financial services company, spoke about the reserves of Tether's USDT stablecoin, stating that the cryptocurrency is adequately backed by liquid assets.
During an interview with…
Tether managed to issue up to 4 billion USDT
Over the past four weeks, stablecoin issuing giant Tether has minted an impressive total of 4 billion USDT tokens, further consolidating its leading position in the market.
The Tron blockchain hosted the most recent issuance of Tether,…
Venezuela will monitor operations with cryptocurrencies
The Superintendency of Banks (Sudeban), together with the Superintendency of Cryptoactives (Sunacrip) of Venezuela will monitor in real time the transactions that are directly linked to cryptocurrencies.
Through social networks it was…
Tether will need to prove its backing in USDT
A court in the United States asked the company that owns the stable currency Tether to provide documents that demonstrate the backing in dollars of the digital asset USDT.
New York Southern District Court Judge Katherine Polk Failla issued…
Tether stands out as an instrument of financial freedom
The current CTO of Bitfinex, Paolo Ardonio recently stated that the Tether currency is a stablecoin that improves what Bitcoin offers, because it manages to hold up in times of volatility.
This peculiarity is very useful, especially in…