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Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014. [3] Though it has never been audited to international accounting standards, as of May 1, 2024, Tether says it has excess reserves of $6.3 billion after reporting $4.52 billion of profit in the first quarter of 2024. [4]
A cryptocurrency, crypto-currency, or crypto[ a] is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. [ 2] It has, in a financial point of view, grown to be its own asset class.
SafeMoon LLC was a cryptocurrency and blockchain company created in March 2021. [2] The company created the SafeMoon token (SFM) which traded on the BNB Chain blockchain. [3] [4] [5] The token charged a 10% fee on transactions, with 5% redistributed (or reflected) to token holders and 5% directed to wallets in a different currency, Binance Coin (BNB), controlled by the coin's authors.
Over the past day, the trading volume of the most popular stablecoin, Tether’s USDT, was $10 billion greater than Bitcoin’s, according to CoinGecko data. Cross-border payments are a common use ...
Dai (cryptocurrency) DAI (or DAI, formerly Sai or SAI) is a stablecoin token on the Ethereum blockchain which uses smart contracts designed to control supply to keep its value as close to one United States dollar as possible. DAI is maintained and regulated by MakerDAO, a decentralized autonomous organization composed of the owners of its ...
Ethereum. Ethereum is a decentralized blockchain with smart contract functionality. Ether ( abbreviation: ETH[ a]) is the native cryptocurrency of the platform. Among cryptocurrencies, ether is second only to bitcoin in market capitalization. [ 2][ 3] It is open-source software .
Bitcoin's latest decline began on June 6, according to CoinGecko data, aligning with when the BKA outflows began to accelerate. Bitcoin has dropped around 19% since then, and is now trading around ...
Stablecoin. A stablecoin is a type of cryptocurrency where the value of the digital asset is supposed to be pegged to a reference asset, which is either fiat money, exchange-traded commodities (such as precious metals or industrial metals), or another cryptocurrency. [ 1]