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Tether (USDT) is a stablecoin cryptocurrency pegged to the value of the US dollar
Tether (USDT) is a stablecoin cryptocurrency pegged to the value of the US dollar ¹. Here are some key points about Tether:
- Founded in July 2014 by Brock Pierce, Reeve Collins, and Craig Sellars in California ¹
- Released in October 2014 ¹
- Available on most digital blockchain networks ¹
- One of the top three digital currencies in the world by market capitalization ¹
- Price is updated in real-time on Binance ¹
- Acts as a bridge between fiat and digital currencies, reducing volatility risks ²
#Binance200M #Tetherwallet #tetherUS #Tether #USDT #Stablecoin #Cryptocurrency #Trading #Blockchain #DollarPegged #CryptoInvesting #FinancialMarkets #DigitalAssets #USD #CryptoNews #BinanceSquare #CryptoCommunity #MarketAnalysis #CryptoTrading #Investment #CryptoEducation #TetherExplained
- Founded in July 2014 by Brock Pierce, Reeve Collins, and Craig Sellars in California ¹
- Released in October 2014 ¹
- Available on most digital blockchain networks ¹
- One of the top three digital currencies in the world by market capitalization ¹
- Price is updated in real-time on Binance ¹
- Acts as a bridge between fiat and digital currencies, reducing volatility risks ²
#Binance200M #Tetherwallet #tetherUS #Tether #USDT #Stablecoin #Cryptocurrency #Trading #Blockchain #DollarPegged #CryptoInvesting #FinancialMarkets #DigitalAssets #USD #CryptoNews #BinanceSquare #CryptoCommunity #MarketAnalysis #CryptoTrading #Investment #CryptoEducation #TetherExplained
Today marks a monumental moment in financial history -
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Hey there, crypto enthusiasts! 🚀
it's the end of an era for the dollar as we know it. 📉 On this day, June 9, 2024, the longstanding Saudi-US Petro-dollar pact has reached its expiry, and word on the street is that it won't be renewed. This leaves the dollar exposed without its traditional backing, and demand for it is becoming a thing of the past.
We're witnessing a pivotal shift as nations scramble to implement damage control measures, slashing interest rates in a bid to cushion the blow and ease into a new economic chapter. 🌐
For the crypto world, this is a red-letter day! Bitcoin's intrinsic value just skyrocketed, potentially outshining the impact of both ETFs and the halving event combined. 📈 This is the third major boost for Bitcoin, making it incredibly bullish. The countdown for the dollar's decline has started, and while they might try to print more, the real value is shifting towards Bitcoin, altcoins, precious metals like gold and silver, natural resources, tech stocks, and real estate. 💸
The ripple effect on BTC and the broader crypto market is immense. Expect to see a surge of savvy investors turning to cryptocurrencies to preserve their wealth, possibly triggering a bull run that could outpace all predictions. 🐂
So, gear up and make smart moves with your assets. Bring your friends over to our channel, and let's get ready for some thrilling times ahead! 🔥😊 Remember, it's not just about riding the wave; it's about being part of the financial revolution. Let's do this! 💪
#USD #USDollarWarning #bitcoin
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.
.
.
Hey there, crypto enthusiasts! 🚀
it's the end of an era for the dollar as we know it. 📉 On this day, June 9, 2024, the longstanding Saudi-US Petro-dollar pact has reached its expiry, and word on the street is that it won't be renewed. This leaves the dollar exposed without its traditional backing, and demand for it is becoming a thing of the past.
We're witnessing a pivotal shift as nations scramble to implement damage control measures, slashing interest rates in a bid to cushion the blow and ease into a new economic chapter. 🌐
For the crypto world, this is a red-letter day! Bitcoin's intrinsic value just skyrocketed, potentially outshining the impact of both ETFs and the halving event combined. 📈 This is the third major boost for Bitcoin, making it incredibly bullish. The countdown for the dollar's decline has started, and while they might try to print more, the real value is shifting towards Bitcoin, altcoins, precious metals like gold and silver, natural resources, tech stocks, and real estate. 💸
The ripple effect on BTC and the broader crypto market is immense. Expect to see a surge of savvy investors turning to cryptocurrencies to preserve their wealth, possibly triggering a bull run that could outpace all predictions. 🐂
So, gear up and make smart moves with your assets. Bring your friends over to our channel, and let's get ready for some thrilling times ahead! 🔥😊 Remember, it's not just about riding the wave; it's about being part of the financial revolution. Let's do this! 💪
#USD #USDollarWarning #bitcoin
#US DOLLAR ANALYSIS
The US dollar is currently testing the ascending triangle support trendline after a successful breakdown. A successful test would indicate strong downward movement.
The 21MA also shows bearish momentum, suggesting a likely downward move. However, if the retest fails, further consolidation within the triangle is expected.
Notably, a downward move in the US dollar typically has an inverse relationship with the crypto market.#USD
The US dollar is currently testing the ascending triangle support trendline after a successful breakdown. A successful test would indicate strong downward movement.
The 21MA also shows bearish momentum, suggesting a likely downward move. However, if the retest fails, further consolidation within the triangle is expected.
Notably, a downward move in the US dollar typically has an inverse relationship with the crypto market.#USD
The US dollar is performing strongly due to higher inflation and economic activity, leading to expectations of more interest rate hikes by the Fed.
#USD #interestrates #Binance #crypto2023 #BTC
#USD #interestrates #Binance #crypto2023 #BTC
⚡️ #Coinbase suspends exchange of #USDC to #USD at least until Monday, when the banks will work normally.
#Robinhood is temporarily shutting down USDC deposits and withdrawals.
Tether, a #USDT issuer, says it has nothing to do with Silicon Valley Bank.
#Robinhood is temporarily shutting down USDC deposits and withdrawals.
Tether, a #USDT issuer, says it has nothing to do with Silicon Valley Bank.
#BTC liquidity has dropped to 10 month lows as market makers lose access to #USD payment rails ‼️👀
Less liquidity + More buying pressure = 📈
#bitcoin #crypto2023 #cryptomarket
Less liquidity + More buying pressure = 📈
#bitcoin #crypto2023 #cryptomarket
#cryptonews : Japanese regulators 🇯🇵 are reconsidering some major #cryptocurrency restrictions related to the use of stablecoins like Tether #USDT or #USD Coin
#Bitcoin #inflation rate is currently three times lower than that of the #USD dollar.
With more than 90% of Bitcoin (#BTC ) in circulation, the asset's inflation rate has fallen significantly over the years, outperforming the US dollar by at least three times.
#marketupdate
With more than 90% of Bitcoin (#BTC ) in circulation, the asset's inflation rate has fallen significantly over the years, outperforming the US dollar by at least three times.
#marketupdate
What if we stop measuring Crypto assets in USD and instead start measuring them all in Bitcoins
If we stop measuring crypto assets in #USD and start measuring them all in #BTC it would lead to a significant shift in the way we value and understand the relative worth of different cryptocurrencies.
Currently, most cryptocurrencies are measured against the US dollar, which is the world's dominant reserve currency. However, as Bitcoin is one of the most widely adopted cryptocurrencies, measuring all other cryptocurrencies in Bitcoin would provide a standardised unit of account within the crypto ecosystem.
This approach could be beneficial for several reasons. Firstly, it would eliminate the impact of fiat currency fluctuations on crypto assets' value, making it easier to compare and track the performance of different cryptocurrencies. Secondly, it would reinforce Bitcoin's position as the dominant cryptocurrency and the industry's reference point, which could boost investor confidence and trust in the overall crypto ecosystem.
However, there are also potential downsides to measuring all cryptocurrencies in Bitcoin. Firstly, it could create a more complex trading environment, as traders would need to convert between Bitcoin and other cryptocurrencies to make trades. Secondly, it could lead to an over reliance on Bitcoin and a neglect of other innovative cryptocurrencies. Finally, it could make it more challenging for traditional investors to enter the crypto market, as they are used to valuing assets in fiat currency terms.
Overall, while measuring all cryptocurrencies in Bitcoin could have some benefits, it is not without potential drawbacks, and it would require a significant shift in market sentiment and infrastructure to implement.
#coingabbar
Currently, most cryptocurrencies are measured against the US dollar, which is the world's dominant reserve currency. However, as Bitcoin is one of the most widely adopted cryptocurrencies, measuring all other cryptocurrencies in Bitcoin would provide a standardised unit of account within the crypto ecosystem.
This approach could be beneficial for several reasons. Firstly, it would eliminate the impact of fiat currency fluctuations on crypto assets' value, making it easier to compare and track the performance of different cryptocurrencies. Secondly, it would reinforce Bitcoin's position as the dominant cryptocurrency and the industry's reference point, which could boost investor confidence and trust in the overall crypto ecosystem.
However, there are also potential downsides to measuring all cryptocurrencies in Bitcoin. Firstly, it could create a more complex trading environment, as traders would need to convert between Bitcoin and other cryptocurrencies to make trades. Secondly, it could lead to an over reliance on Bitcoin and a neglect of other innovative cryptocurrencies. Finally, it could make it more challenging for traditional investors to enter the crypto market, as they are used to valuing assets in fiat currency terms.
Overall, while measuring all cryptocurrencies in Bitcoin could have some benefits, it is not without potential drawbacks, and it would require a significant shift in market sentiment and infrastructure to implement.
#coingabbar
Silicon Valley Bank and Signature Bank Collapse Raises Concerns
The recent collapse of Silicon Valley Bank (SVB) and Signature Bank has raised concerns about the fairness and sustainability of the current financial system. While the federal government has taken swift action to protect depositors and minimize damage, some have pointed out that taxpayers may ultimately bear the burden of bailing out depositors.
The stability of major stablecoins, including USD Coin, #USD Digital, and DAI, was thrown into question after #Circle announced that SVB had failed to transfer $3.3 billion out of a total $40 billion withdrawal request. The ripple effects of the banks' collapse are far-reaching, with numerous other entities tied to the banks facing potentially irreparable damage.
In response, US President Joe Biden has assured the public that no American taxpayer will bear the brunt of the fallout, and he is committed to holding those responsible for the event accountable. However, some of Biden's Twitter followers remain sceptical, pointing out that everything he does or touches costs the taxpayer.
The Federal Reserve is conducting a thorough investigation into the factors that led to the failure of SVB, including examining how the institution was supervised and regulated before its collapse. SVB was shut down by the California Department of Financial Protection and Innovation on March 10, with no specific reason given for its forced closure.
However, it is suspected that severe liquidity troubles stemming from major losses on government bond investments and unprecedented cash withdrawals may have led to its collapse.
It is crucial that the government takes swift action to prevent similar financial disasters from occurring in the future. By closely examining the causes of SVB's collapse, necessary reforms can be implemented to ensure the stability and security of the financial system.
Overall, while the federal government has taken proactive steps to minimize damage and protect depositors, concerns remain about the potential cost to taxpayers. It is important to consider alternative solutions that can protect both depositors and taxpayers in the long run.
#coingabbar #SVB #crypto2023
The stability of major stablecoins, including USD Coin, #USD Digital, and DAI, was thrown into question after #Circle announced that SVB had failed to transfer $3.3 billion out of a total $40 billion withdrawal request. The ripple effects of the banks' collapse are far-reaching, with numerous other entities tied to the banks facing potentially irreparable damage.
In response, US President Joe Biden has assured the public that no American taxpayer will bear the brunt of the fallout, and he is committed to holding those responsible for the event accountable. However, some of Biden's Twitter followers remain sceptical, pointing out that everything he does or touches costs the taxpayer.
The Federal Reserve is conducting a thorough investigation into the factors that led to the failure of SVB, including examining how the institution was supervised and regulated before its collapse. SVB was shut down by the California Department of Financial Protection and Innovation on March 10, with no specific reason given for its forced closure.
However, it is suspected that severe liquidity troubles stemming from major losses on government bond investments and unprecedented cash withdrawals may have led to its collapse.
It is crucial that the government takes swift action to prevent similar financial disasters from occurring in the future. By closely examining the causes of SVB's collapse, necessary reforms can be implemented to ensure the stability and security of the financial system.
Overall, while the federal government has taken proactive steps to minimize damage and protect depositors, concerns remain about the potential cost to taxpayers. It is important to consider alternative solutions that can protect both depositors and taxpayers in the long run.
#coingabbar #SVB #crypto2023
The forced shutdown of #svb and subsequent takeover by #regulators is an indicator that a bigger loss is averted. We can still assume that unlike #ftxcollapse , 80-90 cents per #USD will be recovered.
#coingabbar
#coingabbar
