Tether News

Issued by Tether Limited, Tether is one of the most controversial cryptocurrencies available in the marketspace at present. It was launched as a stablecoin, which implied that each USDT token is backed or pegged by an equivalent amount of fiat currencies like the US Dollar, Japanese Yen, and the Euro. On March 14, 2019, the Tether news report released by the firm stated that it had changed the backing to include loans to affiliate business entities. The current Tether news indicates the coin’s expansion to nearly 127 crypto exchanges, including Binance, OKEx, BitMax, Bitfinex, Huobi Global, Poloniex, etc. The firm has entered into various strategic collaborations with leading crypto trading entities to proliferate into all major markets. Tether latest news reveals that the total supply for the USDT coin is fixed to the value of 6,998,318,752 USDT. Tether (USDT) works on the Omni, TRON, and Ethereum blockchains. The news on Tether suggests that the stablecoin ensures the security of funds to its investors as the Tether peg is managed through a collateral system; for every one USDT coin, the deposit contains one US Dollar as security. This helps in dealing with the price volatility issue, which is predominant with cryptocurrencies. Tether price news reveals that the highest price jump of USDT was on May 27, 2017, when the USDT price rose to a value of USD 1.21. As per the latest Tether news, the lowest price fall was recorded at a value of USD 0 on September 18, 2019. The Tether latest news today predicts a steady surge in the Tether (USDT) price value in the coming years.

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