Tether
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- Mercado Bitcoin announces tokenization of $200M in RWAs on XRPLCointelegraph.com News – 1 hour agoTokenized real-world assets (RWAs) continue to gain traction as crypto firms push for clear regulations for onchain financial instruments. Mercado Bitcoin, a major crypto exchange…
- Tokenized equity still in regulatory grey zone — AttorneysCointelegraph.com News – 6 hours agoThe nascent real-world tokenized assets track prices but do not provide investors the same legal rights as holding the underlying instruments. Tokenized stocks and private…
- Crypto’s path to legitimacy runs through the CARF regulationCointelegraph.com News – 6 hours agoThe CARF regulation, which brings crypto under global tax reporting standards akin to traditional finance, marks a crucial turning point. Opinion by: Alice Frei, head…
- The XRP signal that preceded 25% average drops in 2025 flashes againCointelegraph.com News – 6 hours agoXRP price dropped over 45% once after its daily Stochastic RSI hit overbought levels, and the same signal is flashing again this July. Key takeaways:XRP…
- Bitcoin miners gambled on AI last year, and it paid offCointelegraph.com News – 7 hours agoWhen mining got tough, these firms chased AI dreams. Here’s how it panned out. Bitcoin miners turned to the rising AI trend ahead of the…
What is Tether?
Tether is a tocken issued by Tether Limited company which belongs to the Bitfinex trading platform. It was built on top of Omni Layer digital currency protocol, which works on the Bitcoin blockchain.
The main purpose of this token is to provide stability to traders and members of cryptocurrency market, because Tether is claimed to be backed by US dollars on Tether Ltd bank accounts, so its price is not as volatile as prices of other cryptocurrencies. However, that remains yet to be proven and is is the reason why the U.S. Commodity Futures Trading Commission issued subpoenas to both Tether and Bitfinex. Also Tether Ltd underlines that the Tether token is not a financial instrument, and the owners of Tethers have no rights for legal claims or guarantees against losses.
Nevertheless, tether is a very popular token and is used by a number of exchanges (mostly the crypto to crypto only ones) as their main stablecoin. The amount of Tethers grew up to $2.8 billion. During summer 2018 around 80% of Bitcoin volume was traded in Tethers.