Meanings of USDT in English

Moreover, Liquid has plans to make Liquid-based USDT available on several other exchanges in the future.

The main reason for it is the stability of USDT and its parity with the USD.

Binance was the first exchange to move to the ETH-based USDT and offer withdrawals only in the new coin.

All of this considered, USDT brokers have created a lucrative niche in 2019, specifically, brokers who provide fiat liquidity options.

In the next tweet, Ardoino pointed out to one of such transactions in whale alerts that involved over 100 million USDT.

But now, many altcoins have acquired their own USDT markets, boosting the need for more stablecoins to flow through the exchanges.

The account subsequently reported that Tether Treasury minted 5 billion USDT tokens on the Tron blockchain, after which it burned them.

As per data from CoinMarketCap, USDT activity reached an all-time high this month with global market capitalization surpassing $4 billion.

The issuer of the popular stablecoin has sent $300 million worth of USDT to the world's largest exchange by volume.

On September 16, the crypto community found out that Tether had burned about $400 million worth of USDT.

While Bitfinex insists all new "USDT" are backed by real dollar deposits, new tether issuances have coincided with dips in the price of bitcoin.

The only altcoin that has seen any upward price movement is Tether (USDT) which is up by a minor 0.09%.

The amount of burnt coins is considerable since the total supply of USDT is 4.1 billion at the moment, according to Coinmarketcap data.

BNB will have the highest annualized interest rate of 15% while the rates for USDT and ETC amount to 10% and 7%, respectively.

Coin Metrics, a Massachusetts-based crypto market research company states that as little as 318 wallet addresses make up for $1 million worth of Tether (USDT).