On December 30, 2021, there’s roughly 78.2 billion tether (USDT) in circulation, according to coingecko.com’s top stablecoin by market capitalization statistics.
Read moreHow much Tether has been minted?
Tether has minted more than three billion USDT in the past two weeks, most recently minting one billion on the TRON blockchain on Dec 4. The USDT circulating supply is currently approximately 76 billion.
Read moreBitfinex nerenin?
Bitfinex , merkezi Hong Kong’da bulunan ve Britanya Virjin Adaları’a kayıtlı iFinex Inc.’e ait olan ve onun tarafından işletilen bir kripto para borsası.
Read moreWho is Tether founder?
Founded in July 2014 by Brock Pierce, Craig Sellars, and Reeve Collins , Tether (USDT), originally known as “Realcoin”, is a cryptocurrency commonly known as a “stablecoin” that aims to keep a fixed 1:1 exchange ratio with the U.S. dollar.
Read moreHow does Tether make money?
Tether is a cryptocurrency that is pegged to a given fiat currency, for example, the USD, as well as physical assets such as gold. Tether makes money from various fees, by issuing loans to other institutions, as well as through investments .
Read moreIs Tether really backed by USD?
Tethers are not backed by USD . The value of reserves like commercial papers can not be evaluated without more transparency and an audit. It is also true for banks do not back all their deposits with cash equivalents. This approach is called fractional banking.
Read moreWho is the CEO of Tether?
U.S. Senate Banking Committee chairman Sherrod Brown recently sent a letter to Tether Holdings Limited CEO Jean-Louis van der Velde expressing concerns about stablecoins and seeking answers by next month.
Read more