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Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014. [ 3 ] [ 4 ] As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves.
USDT may refer to: USDT, the ticker symbol for the Tether stablecoin cryptocurrency; United States Department of the Treasury; Ultra-slim desktop, a computer formfactor used by Hewlett-Packard, see HP business desktops; University of Science and Defense Technologies, an Iranian research institute of the Malek-Ashtar University of Technology
USD Coin (USDC) is a cryptocurrency stablecoin which is issued by Circle. It is pegged to the United States dollar, and is distinct from a central bank digital ...
On 21 November 2017, Tether announced that it had been hacked, losing $31 million in USDT from its core treasury wallet. [184] On 7 December 2017, Slovenian cryptocurrency exchange Nicehash reported that hackers had stolen over $70 million using a hijacked company computer. [185]
2601:241:8D81:BBF0:1C8C:985A:379B:4A45 23:37, 25 July 2021 (UTC)BeaMyra . According to the abstract of the Tether "White Paper" (linked in the article), Tether is: A digital token backed by fiat currency provides individuals and organizations with a robust and decentralized method of exchanging value while using a familiar accounting unit.
In May 2015, the exchange was hacked, which resulted in the loss of 1,500 Bitcoins or about $400,000 USD of their customers' assets. [8] [9] In June 2016, the U.S. Commodity Futures Trading Commission ordered Bitfinex to pay a $75,000 fine for offering illegal off-exchanged financed commodity transactions.
Trump has also threatened to impose a 100% tariff on BRICS countries — Brazil, Russia, India, China, and South Africa — if they attempt to undermine the US dollar.
Below the FRB seal (to the left of George Washington) is the signature of the Treasurer of the United States, and below the USDT Seal (right side) is the Secretary of the Treasury's signature. To the left of the Secretary's signature is the series date. A new series date, or addition or change of a sequential letter under a date, results from a ...