Examples of using Tether tokens in English and their translations into Vietnamese
{-}
-
Colloquial
-
Ecclesiastic
-
Computer
Tether tokens are issued by Tether Limited.
Perhaps more intriguing, however, was the claim that“All Tether tokens are fully backed by reserves.”.
Lee said the fact that Tether tokens(USDT) have continued to be issued after the Commodity Futures Trading Commision issued their subpoena in December 2017 is a good sign.
As quoted by the NYTimes,Pantera Capital's Co-chief Investment officer Joey Krug said Tether tokens were issued during recent rallies in the market.
Then another 37.5 Tether tokens were purchased, price did not move.
This comes as suspicions grow of the relationship between Bitfinex andtether as the USDT(tether tokens) are being minted by the million this past week.
Despite all of this media attention, Tether tokens have continued to be issued through the year, according to data from Omni Explorer.
However, he cautioned that if it comes to light that thereisn't a sufficient reserve of dollars to back Tether tokens, the price of the token will crash completely.
However, there have been claims that not all Tether tokens which are issued, have the necessary fiat currency reserve to back it up.
All Tether tokens are fully backed by reserves and are issued and traded on Bitfinex pursuant to market demand, and not for the purpose of controlling the pricing of crypto assets.
The website even provides a real-time ledger of Tether tokens in conjunction with their underlying monetary reserve.
Thus, every time new Tether tokens were issued, these could be tracked on the platform, allowing the wider cryptocurrency community to keep tabs on how many new Tethers were released.
They also manage the Tether website that allows storage and transfer of Tethers, work on Tether integrations with exchanges and other third parties,and have custody of the fiat reserves backing the Tether tokens.
While the value of Tether tokens is pegged to the US dollar, some exchanges do not offer direct USD/USDT pairings, and you will need to use bitcoin or another cryptocurrency to trade for Tether. .
Despite the lack of new minting of Tether tokens, the asset seems to be able to extend great influence over the markets, this time by flowing out of Bitcoin and by propping up hot altcoins.
While the core concept behind Tether tokens is that they are backed 100% by fiat reserves, users may want to exercise caution given that the company does not guarantee redemption of Tethers and is not formally liable to do so.
One theory is that the Tether token has propped up the price of bitcoin by as much as 40% during its historic rally last year.
The problem is that because one Tether token equals one dollar, it has been used to buy other cryptocurrencies because of its standardized value.
One theory is that the Tether token has propped up the price of bitcoin by as much as 40% during its historic rally last year.
The report, issued by Freeh Sporkin& Sullivan, LLP,found that the Tether token is fully backed by US dollars.
Tethered Tokens: All tokens on the Jibrel Network will be secured by real assets.
Tethered Tokens: All asset-backed tokens available on the Jibrel Network come backed by real assets.
For every issued Tether token(USDT), an equal amount of US dollars is deposited with a custodian, which would enable Tether to always trade 1:1(1USDT= 1USD).
The exchange shares management with Tether Limited,the company that issues the Tether token(USDT) which, according to its developers, is pegged to the U.S. dollar.
Likewise, the Bitfinex exchange has been eyed recently due to its loss of banking, a certain trader(or traders) apparently manipulating the markets andthe unusual situation surrounding their sister company's Tether token.
Importantly, the authors do not possess or reference any data disputing thatTether has sufficient reserves to back up Tether token issuances in circulation,” the statement said.
Blockchain data from Omni,the second-layer protocol that operates on the Bitcoin blockchain and serves as the infrastructure for the tether token, reveals that cryptocurrency exchange Bitfinex sent 300 million USDT to the Tether treasury address last week through two separate transactions.