The financial crisis in the traditional market was looming large even before Coronavirus pandemic came into the picture. The virus outbreak across the globe sent the market on a free fall and even Bitcoin experienced a scare with a massive fall of almost 50% within 24-hours. Bitcoin was supposed to outshine the traditional market at such times which it is as it has not been on free fall like other markets. However, one crypto token almost seemed to have gained and added $2 billion worth of market cap during these troubled times.

Bitfinex-owned stablecoin Tether now has futures contracts listed on derivative exchanges ByBit and KuMex.

Tether, one of the most controversial crypto projects in the sector, has minted nearly 180 million USDT on March 24, 2020 alone. The crypto community raised a flag of concern whether Tether is acting as a support for Bitcoin’s price. Some experts believe the leader in the stablecoin category of cryptocurrencies is preparing for a possible demand surge. The surge, if happens, will most likely significantly affect the price of Bitcoin, as well as the entire crypto sector, as USDT is often referred to a “gateway” to the world of crypto.

The world’s largest stablecoin by market capitalization, Tether (USDT), has today launched futures contracts on two derivatives platforms, Bybit and KuMEX.

Pornhub has added new performer fee choices together with the tether (USDT) stablecoin, two months after apparently being dropped by PayPal.

Paolo Ardoino, CTO of Bitfinex & Tether_to, recently claimed that USDT would be able to facilitate the most needed stability at this point in time. He recently opined that the DeFi space would be facing systemic risk only if it is leverages value from the digital asset space.

Tied to the US greenback, the stabletcoin USDT is ready to carry the crucial liquidity and stability to strengthen the decentralized finance house. About this in an interview with Coindesk stated technical director of Bitfinex and Tether Paolo Ardoino.

Up-and-coming crypto derivatives exchange Bybit has announced it is launching a new range of perpetual contracts backed by stablecoin Tether (USDT). The move will mean significantly more flexibility in how traders manage their margin accounts. It comes after the Singaporean exchange has been steadily increasing its market share over the last year, amid a booming market for cryptocurrency futures.

Weeks after revealing its new USDT perpetual contracts, derivatives exchange Bybit has announced a USDT airdrop. The Singapore-headquartered trading platform is reinforcing its commitment to make Tether (USDT) the benchmark currency for all its futures contract pricing and collateral adjustment. Traders can claim up to $1,000 of USDT as part of Bybit’s airdrop campaign.

The crypto-currency Tether (USDT), which is issued by the company Tether Limited, is already longer 4. largest crypto-currency, but, nevertheless, comparatively little attention. This is probably due to the Crypto-area unglamorous property, to be a link to the USD. So it is no wonder, then, that Tether has relatively broken to ignore the 6 billion Dollar brand. In the case of such sums remains unclear how trustworthy the Cryptocurrency Tether is.

Bitcoin (BTC) briefly surged above $7,000 Thursday for the first time in nearly three weeks. Unable to hold on to its gains, BTC dropped below $6,800, ending Friday up roughly 5% on the week.

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT).

Tether Spike is the potential of big pump incoming. There is a crazy Tether spike, and a lot of Tether is being moved around from exchanges and also from unknown wallets to unknown wallets.

The market cap of Tether’s USDT stablecoin has surpassed the $6 billion mark as investors are holding onto stablecoins while waiting for the market to recover.

Bybit is the latest exchange to get in on the act, launching USDT perpetual contracts for BTC, EOS, ETH, and XRP. With USDT serving as the quote and settlement currency, users of the Singapore-headquartered derivatives exchange will be able to maintain long and short positions simultaneously.

Over the past few years, a crypto has risen to the top of the industry’s leaderboards that may be mysterious to many investors. Now the fourth-largest cryptocurrency by market capitalization, this asset is Tether, which trades with the ticker symbol USDT.

Tether Treasury publishes its total assets on its website. However, few have noticed that its total assets recently hit a new milestone.

Tether, the leading stablecoin by market size, is set to launch its tokens on the Simple Ledger Protocol (SLP) platform. The SLP operates on the Bitcoin Cash (BCH) network. Current cryptocurrency news reveals that the development will give scores of Bitcoin.com wallet holders the opportunity to transact USDT using SLP tokens through the app. Read more at: https://coinspace.com/news/altcoin-news/tether-use-slp-ecosystem-issue-stablecoin-tokens

As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading.

According to the report, the top stablecoin operator Tether is now integrated as the first U.S. dollar-backed stablecoin USDT on Algorand blockchain.