Tether (USDT) is an Ethereum token that is pegged to the value of a U.S. dollar (also known as a stablecoin). Tether’s issuer claims that USDT is backed by bank reserves and loans which match or exceed the value of USDT in circulation. Important note: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Do not send USDT on any other blockchain to Coinbase.
Apparently, there is real cash that backs $USDT in two biggest banks tied to the cryptocurrency industryread more...
Sun Aug 07 11:35:19
ICYMI: #stablecoin sharks are focused more on accumulating their positions than exiting $USDC and $USDT into $BTC and $ETHread more... #Bitcoin #Ethereum #Tether #USDCoin
Thu Aug 04 11:58:16
Konzum officially started accepting cryptocurrencies as payment for its products in December 2021, allowing customers to pay online with nine cryptocurrencies like BTC and Ether (ETH) as well as Tether (USDT) and USD Coin (USDC) stablecoins.