Commenting on why Tether was launching a chat app, Ardoino, who doubles as the chief strategy officer at Holepunch, simply said freedom of speech.. Crypto casino with 60% in rewards, 5 Bitcoin given away daily! The 2018 paper said one entity, demarcated in the paper with a single bitcoin address, exerted a remarkable amount of control over the bitcoin bull market in 2017 by minting tether that was then . Head to consensus.coindesk.com to register and buy your pass now. In the first 12 months we have seen growing interest and Lugano is now definitely on the world map, alongside a handful of other destinations,, Lugano has hosted numerous educational, networking, and outreach events that have drawn people from around the world to learn about and discuss the opportunities presented by blockchain technology and cryptocurrency adoption. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Send us your question and we'll respond within 24 hours. Probing the intersection of crypto and government. But for many, there's still a lot of fear, uncertainty, and doubt (FUD) surrounding Tether's reserves. 114 Here is how tether's Ponzi scheme likely works: All their commercial debt is to the related exchanges (Binance, FTX, Bitfinex - see below) or their affiliated shell companies. As aforementioned, Tether treasury has minted 1,000,000,000 USDT that approximates to $1 Billion out of thin air. By the end of this process we will limit Bitfinex to a market maker role. In October 2021, Tether paid a $41 million fine to settle allegations by the U.S. Commodity Futures Trading Commision that it lied about its digital currency being supported by fiat currencies. The highest transaction fees on Ethereum are between 2 and 6 pm UTC. Ethereum and TRON are the blockchains with the most USDT supply. Be a smarter, safer investor in eight weeks. NFT Shiba Inu ($SHIB) 1 ETH To put that in perspective, Tether USDT market capitalization increased by 438.7 percent from January 28, 2020, to the present, while USDC increased by 1,112 percent within the same period. It's basically a crypto dollar (at least in value). Tether now has 100% reserves backing the tokens they created, and is also holding $2 billion in Bitcoin. It's commonly known as a "stablecoin," a digital currency anchored to the price of an underlying asset (Ex: US dollars, euros, yuan, gold), redeemable 1-for-1 with the underlying currency. Tethers USDT is pegged to the U.S. dollar, but whether the cryptos reserves consist of actual dollars, or similarly safe assets, has been the subject of contention. Later that month, the stablecoin hit a market cap of $ 40 billion notification officially. We strongly believe that wealth creation shouldn't be for a select few in the world. Categories . SoFi will apply a markup of up to 1.25% for each crypto transaction. Tether miner uses Ethereum Blockchain to maintain an equilibrium in supply and demand which guarantees the stability of the USDT. This represents the current minimum amount required for a fiat withdrawal or deposit. While the social feed is a key selling point of Altpocket, this crypto portfolio tracker is lacking in a variety of other key areas. Tethers history of lawsuits has also played a part in reducing demand for the crypto asset. These levels represent the current amount it costs to have your transaction . Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Price. USD Coin ($ USDC ) - Fully collateralized US dollar ERC20 tokens founded by CENTRE , a joint venture founded by Circle and Coinbase. How Ethereum's evolution impacts crypto markets. While I've never seen it go under $1, on January 13 it was even $1.13. Tether new market cap record follows a series of newly minted USDT tokens at Tether Treasury. CoinDesks Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN with up to six decimal places of accuracy. Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. Request URI. Tether USD (USDT.e) Token Tracker on SnowTrace shows the price of the Token $1.0001, total supply 43,963,568.453898, number of holders 79,545 and updated information of the token. Tax on profits may apply. Later there is a tripling of issued Tether from Oct to present, corresponding With respect to Bitcoin and crypto market sentiment, one could take either a bullish or bearish angle on new Tether supply generation: The general assumption for years has been that when Tether Go Brrr and mints new USDT supply that this is a sign of someone who wants to buy Bitcoin and buy it now. This amount includes applicable customs duties, taxes, brokerage and other fees. Tether Miner's technology is based on the stability of USDT tokens. supply is not available. Notably, a report from cryptocurrency payments company Triple A revealed that 40% of Mexican companies were interested in adopting cryptocurrencies in one form or the other, with 71% within the segment specifically focused on cryptocurrency usage. Since Tether (USDT) is effectively fiat, Ready for a unique experience? dave davies wife. The primary purpose of a stablecoin like USDT is to maintain its value of $1 at all times. Step 3: Fill in your personal details and click "Create Account". Since Tether is the primary trading pair for the majority of the digital assets, the move has been ghastly for the geeks. Difficulty. It has a circulating supply of 71,062,808,809 USDT . Visit our block explorer. The Hub will house 300+ blockchain experts and enthusiasts. Coinlib.io. This furthered worries that Tether's issuer doesn't have enough reserves to justify its dollar peg. Blockchain assets and activities are indexed on Etherscan using a unique ID address as well as smart contracts. In its new attestation published on Aug. 9, Tether provided more details than ever before on the composition of its $62.8 billion of reserves, including its long-questioned reserves of commercial paper (CP) and certificates of deposit (CDs). Tether, originally called Realcoin, valued each token at $1 to reduce the friction of moving real currency throughout the cryptocurrency ecosystem. Tether USDT volume and market cap shift as an indicator? The latest moves in crypto markets, in context. Will News Cantor Fitzgerald Helps Manage Tether's Reserves Keep It Stable? Other stablecoin projects have also begun to take transparency and accountability steps. For the Q4 UST, like other algorithmic stablecoins (or "algos"), works differently. $50 for 12 months. The current CoinMarketCap ranking is #3, with a live market cap of $71,066,750,379 USD. Creating a USDT-TRC20 wallet is simple and free, you can skip this process and login directly if you already owned a USDT wallet. The latest disclosure could be the reason for the resumption of printing, alongside renewed investor confidence and demand," Sean Rooney, head of research at crypto asset manager Valkyrie Investments, wrote to CoinDesk in an email. Advertise - Submit a press release . According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents. On July 26th Bloomberg released an article that Tether executives are said to face a US criminal probe into bank fraud. It is especially prominent on those exchanges where fiat-to-crypto trading pairs are unavailable, as it provides a viable alternative to USD. Tether is up 0.00% in the last 24 hours. USDT, on the other hand, is protected from these fluctuations. cart de rvaluation distribution; redresser lame terrasse composite; python imageio imread; flotte belge mots flchs; nettoyer sa terrasse l'eau de javel Concerns over the backing of the USDT supply have gone back years and invited criticism from both the crypto community and lawmakers. Tether converts cash into digital currency, to anchor or tether the value to the price of national currencies like the US dollar, the Euro, and the offshore Chinese yuan. Tether USD (USDT) Token Tracker on CronoScan shows the price of the Token $1.001, total supply 186,756,492.673353, number of holders 39,211 and updated information of the token. These unfair attacks will not distract us from continuing with those efforts and offering the most liquid and reliable stablecoin experience, which the market has clearly recognized by making us the leaders in the industry. It has a circulating supply of 71,359,128,183 USDT coins and the max. Difficulty. Tether minted $1 billion worth of USDT on TRON. These transport protocols consist of open source software that interface with blockchains to allow for the issuance and redemption of Tether tokens.. $1,717,933,834.00. Tether USDTTether LimitedTether LimitedBitfinex USDT 2014 Tether Limited12019314 . The live TerraClassicUSD price today is $0.025163 USD with a 24-hour trading volume of $25,049,672 USD. It's possible, however, that the increased demand for USDT recently may not be driven by bitcoin but instead by some altcoins, such as solana (SOL) and terra (LUNA), whose trading volumes surged, according to Noelle Acheson, head of market insights at crypto prime broker Genesis Global Trading. Other volume, new investors will need to buy Tether in order to transact with BTC/USDT and other cross pairs. Login Page | Registration Page. Etherscan allows you to explore and search the Ethereum blockchain for transactions, addresses, tokens, prices and other activities taking place on Ethereum (ETH) Each month we share highlights, network insights, trading trends, and news from across the 0x ecosystem. Learn More at our Official Tether Website. The chairman expects Tether to have responded by Dec 3 to concerns surrounding the stablecoin, though no follow-up details have emerged. Let us be your passport to Laos and much more. The current CoinMarketCap ranking is #3, with a live market cap of $71,368,830,318 USD. The movement of 100 Million USDT was followed by a decent pump in Bitcoin price, reaching a local high of $39,833 at the time of reporting. As of September 2020, there are over 14.4 billion USDT tokens in circulation, which are backed by $14.6 billion in assets, according to Tether. Marriage Quotes Funny, When you visit the Site for the first time, a cookies pop-up appears; this pop-up informs you on the use of cookies. Jordan Atkins. The inaugural Plan forum was held and hosted in Lugano, which drew over 1,500 attendees. The transformation of value in the digital age. Stablecoins are increasingly used as an inflation hedge in recent times; compared to keeping fiat currency in a savings account averaging 0.06%, users can lend their stablecoins and earn yields ranging from 3% to as high as 20%. Prior to that, he had co-founded several successful companies, such as the online ad network Traffic Marketplace, entertainment studio RedLever and gambling website Pala Interactive. Jean-Louis van der Velde, Bitfinexs CEO, is also the CEO of Tether Holdings, Tethers parent company. Definition. var pid588602 = window.pid588602 || rnd; The Highest Paying Bitcoin Mining Pool Out There! is only fractionally backed). For more information, visit www.SoFi.com/crypto. Tether was founded in 2014 by American software developer Craig Sellars, Bitfinex Chief Financial Officer Giancarlo Devasini and Philip Potter, a former executive at Bitfinex. Thus, USDT minting has been seen as bullish, akin to the Fed printing money to prop up asset markets. Published by on October 31, 2021. An anonymous anti-Tether blog post titled "The Bit Short: Inside Crypto's Doomsday Machine" went viral, and CNBC host Jim Cramer told viewers . Generally, to be considered a bear market, there should be at least a 20% decline for two months or more. signin to your dashboard, Select your prefered Node, click on "Get Node" and make the allocated deposit. Please describe the basic purchase, exchange, or minting process[es] by which customers can acquire Tether for U.S. dollars. Le dernier minting a port son offre en circulation environ 76 milliards d'USDT. In theory, 1:1 backing by a reference asset could make a stablecoin value track the value of the peg and not be subject to the radical . Any data, text or other content on this page is provided as general market information and not as investment advice. Tether was originally created to use the Bitcoin network as its transport protocolspecifically, the Omni Layerto allow transactions of tokenised traditional currency. Here are some of the most popular exchanges that support Tether trading: 2023 CoinMarketCap. MATIC: $1.17 (-3.06%) | 147.2 Gwei The news which was first announced by Whale Alert , a tracker of large transactions, confirmed that, on Monday, August 9th, the leading stablecoin minted 1 billion USDT tokens and . Tether has minted more than three billion USDT in the past two weeks, most recently minting one billion on the TRON blockchain on Dec 4. How Ethereum's evolution impacts crypto markets. Individuals can also use Tether-enabled platforms to transact with Tether tokens. As the first blockchain-enabled platform to facilitate the digital use of traditional currencies (a familiar, stable accounting unit), Tether has democratised cross-border transactions across the blockchain. Change the wallet network in the MetaMask Application to add this contract. From small transactions with local merchants to larger efforts such as paying annual taxes blockchain will serve as the foundation for the citys financial exchanges. Tether and the City of Lugano are working together to provide additional grants to university students in the coming months., In the 365 days since the launch of Plan , Tether and the City of Lugano have carried out many initiatives with considerable success. After 300 working days of activating your Tether miner, your device will enter a reduction stage which will result in a 50% decrease in your mining rewards, taking its first depletion step. This site uses cookies to provide a better hodling experience. Copy request URI Open URI in new tab . USDT hit an all-time high value of $1.32 in July 2018. Tron network founder Justin Sun announced that the network would be launching a new decentralized al, Tether mints more coins to break $60 billion market cap. Alameda Research minting/redeeming Tether, Jan 2021. Tethers backing has been the subject of investor scrutiny for many years, and it is only in the past 12 months that it has made a more tangible effort to allay concerns. Enjoy an encrypted connection with your device to avoid any security vulnerabilities. Tether is now on track to soon hit $8 billion in total USDT with its latest issuances. However, because Tether claims that every single USDT is supposed to be backed by one U.S. dollar, the amount of tokens is limited by the companys actual cash reserves. . To mark the culmination of a successful first year, Tether and the City of Lugano have also announced the launch of the Plan Business Hub to explore the potential of blockchain technology as it pertains to business, adoption, and the long term use of cryptocurrency in the region. Want to buy crypto? Its Omni Protocol allows users to create and trade smart-contract based properties and currencies on top of Bitcoins blockchain. What financial advisors need to know about crypto. Keet app is the first app to be deployed on Holepunch, a platform that allows developers to build Web3 apps. Tether tokens are the most widely adopted stablecoins, having pioneered the concept in the digital token space. Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner. While Tether (USDT) and USD Coin (USDC) are arguably the best stablecoins in the crypto ecosystem, another is about to take the throne.. On November 30th, the official TerraUSD (UST) account tweeted about a proposal to increase the liquidity of stablecoins on Ethereum with a six-month plan. Tether is called a stablecoin because it was originally designed to always be worth US$1.00, maintaining $1.00 in reserves for each tether issued. While the stablecoin is seeing some volatility, the price remains firmly near the 1:1 U.S. dollar peg. Equipped with the industry leading Rockship RK1808 Processor. 2. World currency prices are based on rates obtained via Open Exchange Rates. It's no surprise that the app was acquired by crypto exchange FTX for a cool $150 million. Others cited Tethers increased transparency as another reason for the rebounding demand. Moreover, Tether does not disclose its issuance schedules ahead of time. The Tether price is $1.00, a change of 0.03% over the past 24 hours as of 4:22 a.m. Tether, and most stablecoins, have been continuously minting new coins to cope with the growing traders' demand in times of high volatility and uncertainty in the cryptocurrency market. It also joined a partnership with the Universit della Svizzera Italiana (USI), University of Applied Sciences and Arts of Southern Switzerland (SUPSI), and Franklin University Switzerland (FUS) to sign a framework agreement to coordinate on current and future activities relating to blockchain., The idea of Plan began with a dream. To mint $100 worth of LUNA, you must destroy 100 UST. Get notified when NFT transaction fees are cheap. Ethereum is a technology that's home to digital money, global payments, and applications. So far this year . Nevertheless, the companys actions have also caught the attention of lawmakers. var absrc = 'https://servedbyadbutler.com/adserve/;ID=177750;size=0x0;setID=588602;type=js;sw='+screen.width+';sh='+screen.height+';spr='+window.devicePixelRatio+';kw='+abkw+';pid='+pid588602+';place='+(plc588602++)+';rnd='+rnd+';click=CLICK_MACRO_PLACEHOLDER'; The transformation of value in the digital age. Our throughput consensus Masternodes for wealth creation and distribution. The company has repeatedly been fined for misleading statements around the state of its books. Tether, and most stablecoins, have been continuously minting new coins to cope with the growing traders' demand in times of high volatility and uncertainty in the cryptocurrency market. Below is the response I received. ZebPay launches lending platform: How investors can earn returns on holdings Premium The returns offered on the ZebPay Lending Platform will be calculated directly based on the amount of crypto an . As a response to lawmakers reviews, Tether has said that it will make an effort to cooperate with global lawmakers to work on stablecoin-related concerns. The average trading volume of USDT against solana for the first 22 days in August stood at 386.6 million, up from a July average of 123.4 million and a June average of 290.7 million, according to CryptoCompare. We give our users the opportunity to fire up their own node on the TRC-20 dilution if the crypto trading is net negative. There is definitely a correspondence between Tether issuance spikes and subsequent momentum. . Tether has been the target of a lot of FUD due to its murky balance sheet and lack of a public audit. Broadcast raw transactions for BTC, ETH, BCH, LTC, BSV, DOGE and GRS privately . However, Solana, Binance Coin and Tether rose marginally . USDT might partially be backed by USD, at the very least, as this is how USDT worked during its first years of inception. No consumer protection. The hub will also host a recreational space for meetups and workshops to further foster education and development. tether minting trackerpartition star wars marche impriale trompette. Tether issues another 1 billion USDT tokens: supply will grow by 200% in 2021. Arizona State Nfl Players. Updated: 100 Million Tether [USDT] were earlier moved to an unknown wallet and another 400 Million USDT is reported to be minted from Tether treasury. It has a circulating supply of 3.1 Billion SLP coins and a total supply of . This past year alone saw 86 students from 29 countries welcomed to the city for the first-ever Plan summer school, an intensive 2-week program taught by world-class experts on the business, regulatory, and technological implications of blockchain and Bitcoin. The latest development is that Tether treasury minted a whopping 150 million USDT few hours ago, as seen on Whale Alert, an advanced blockchain tracker, and analytic firm. Tether named Mexico a prime location for the next Latin American crypto hub. Hurry up! 4. INCLUSIVITY & SUSTAINABILITY. For better or worse Tether (the company) acts Meanwhile, Shiba Inu tumbled over 23% at $0.000046, falling below dogecoin in terms of market cap after surpassing the same recently. Your mining equipment launches after registration. 3. The supply of Tether, the leading stablecoin, has grown by over 200% this year. Tether tokens are assets that move across the blockchain just as easily as other digital currencies but that are pegged to real-world currencies on a 1-to-1 basis. Mining is the process that Bitcoin and several other cryptocurrencies use to generate new coins and verify new transactions. Bitfinex and Tether are proud partners of global law enforcement, and routinely and voluntarily assist the United States Department of Justice and other law enforcement organizations across the world in preventing money laundering, terrorism, and other crimes by bad actors. To search for a smart contract on Etherscan, we need the unique ID or address of the smart contract. However, keep in mind that regulatory, platform risks and more entail. provides an easy to use and popular block explorer, mining pool, highly secure mobile and web wallet Android Wallet iOS Wallet. Potential Dealbreakers. Your weekly wrap of Web3 news and trends. More recent months have seen the company take steps to ensure it does not cross regulators. The simple answer to why Tether mints new . Today, in the one year since Plan s launch in the wonderful and innovative city of Lugano, that dream is much closer to reality,, Included in the 2023 calendar is the recently announced. Tether's troubles continue. Tether Price Update. Therefore, issuance of Tether tokens is viable on various blockchains with varying capabilities depending on the transport protocol used. Tether USDT Prints in April According to Tether's official transparency page , total assets worth of USDT currently stands at a little more than $7.9 billion, while its . In your answer, explain any relevant limitations or qualifications to . $4.6264. Here is a graph showing spiking new Tether issuance before a market (BTC) move from sub $5000 to $12,500: The next graph shows a spike in Tether issuance after the Mar 2020 Covid hiccup, where BTC/USD dropped to $3700 and subsequently regained to the $10,000 mark. 17175523 ETH. Solana co-founder Raj Gokal confirmed the news in a tweet. There is no hard-coded limit on the total supply of USDT given the fact that it belongs to a private company, theoretically, its issuance is limited only by Tethers own policies. Most other stablecoins also have some control over user transactions, usually for regulatory reasons. The biggest crypto news and ideas of the day. Demand for USDT has recently rebounded, according to Tether and industry experts, as crypto market sentiment has turned increasingly positive. The Tether supply increased by over 37% on May 13, with USDT's market cap jumping from roughly $6.3 billion to $8.7 billion in seconds as new money was printed.Source: Coinmarketcap. Tether tokens play a pivotal role in the digital token ecosystem and are the most actively traded in terms of 24-hour volume. While there are concerns about the minting of USDT by the Tether Treasury, Tether released a consolidated reserves report earlier in the year that backs up all USDT. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Take Your Passive Income To A Next Level With Tether Miner! Fresh USDT minting boosting supply of Tether can occur for a number of reasons, both bullish and bearish, for Bitcoin and crypto. You should take into consideration that most transactions are performed in the U.S., Europe, and Asia. This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. This was unsurprising, given Tethers position in the stablecoin market and its controversial history. CoinDesk's Editor at Large Christie Harkin and Crypto Markets Analyst Glenn Williams Jr. take a look back at what happened this week for the largest cryptocurrency by market capitalization. 536740. Tether asks Sally to pledge $15 worth of bitcoin as collateral. The token tracker page also shows the analytics and historical data. With the exception of those low and high prices, Tethers price has generally remained close to $1. Average Balance. The recent price action in Tether left the tokens market capitalization at $71,323,716,842.89. The USDT circulating supply is currently approximately 76 billion. Gas Snapshot Price at 11/30/2021 12:49:13 PM UTC - Low: 112 gwei | Avg: 113 gwei | High: 123 gwei SLP price is down -1.9% in the last 24 hours. This will occur consecutively for every 300-day working period. 4382.02 USD / 0.07381 BTC. 13.8 s. Hashrate. USDT-TRC20. longer-term leading measures, like mempool, should provide an enhanced view of possible forward momentum activity. 0.1%. 1 USDT is intended to remain exactly equal to $1not a cent more or less. Giving the power of pegging the USDT to $1 to its users is a commitment we are ready to inaugurate in order to continue the world-shifting move of Satoshi Nakamotos decentralizing era. Their main trading pair is USDT. Many have raised concerns about the fact that Tethers reserves have never been fully audited by an independent third party. Be a smarter, safer investor in eight weeks. The miner uses Ethereum Blockchain to maintain the stability of the USDT, minting or destroying USDT to keep the stability of the tether network and the tokens in circulation which are backed by an equivalent amount of U.S. dollars, making it a stablecoin with a price pegged to 1 USD. Industry experts attributed the reduced demand to Chinas crackdown on crypto, the rise of the competing stablecoin USDC and investor concerns over Tethers own vulnerability. 1.010-4742-gcd49d0aca-dirty For merchants, integrating Tether tokens opens up an array of opportunities for consumers to purchase products and services. In 2014, Pierce became the director of the Bitcoin Foundation, a nonprofit established to help improve and promote Bitcoin. As Bitcoin (BTC) approaches its third block reward halving, the Tether (USDT) printer has been minting billions of dollars worth of its USD-backed stablecoin. Counterfactual Analysis, I would use this to provide a low-frequency / longer-term view on forward momentum and directional skew. Tether accounts for 85% of the total liquidity in Curve's 3pool. Tether tokens enable businesses including exchanges, wallets, payment processors, financial services and ATMs to easily use fiat currencies on blockchains. The token tracker page also shows the analytics and historical data. Tether tokens exist as digital tokens built on various blockchains including Algorand, Ethereum, EOS, Liquid Network, Omni, Tron, Bitcoin Cashs Standard Ledger Protocol, and Solana. It is possible to buy Tether / USDT on a large number of cryptocurrency exchanges. Register on Fairspin Now to Get Up to 170 Eth, 140 Free Spins Bonus and 18% Cashback. NFT Shiba Inu ($SHIB) 1 ETH Cryptocurrency Prices Live, Cryptocurrency Charts - Prices.org. This is passive income redefined. The company has been in repeated spats over its business practices, but most in crypto accept that Tether is, in a way, "too big too fail.". higher-freqency indicators, such as BSI (buy/sell imbalance) can provide the local view of momentum. Register on Fairspin Now to Get Up to 170 Eth, 140 Free Spins Bonus and 18% Cashback. Get a report on your address holdings for any timeframe. Tethers circulating supply is now over 76 billion. Bitcoins Slow Week Is Overturned by Silvergate Concerns, Investors Rush to Tether as Paxos' BUSD Faces Regulatory Heat, Curve Liquidity Pools Show, BUSD Depegs From Rival Stablecoin Tether After New York Regulator Tells Paxos to Stop Minting New Tokens, Tether Dominates Curve's 3pool Liquidity With DAI, USDC Accounting for Just 15%. Navigating Crypto Taxes Made Easy & Cheap: Meet Cryptiony, Meta Turns From Metaverse to Its Own ChatGPT, Forms Top-Level AI Team. funeral directors southend; penalty charge notice costs; johns manville headquarters address; Hello world! For example, on March 10th, Tether minted another billion USDT on the Tron blockchain. We update our USTC to USD price in real-time. rate of new Tether (USDT) issuance may be a good indicator of forward momentum (on a longer timeframes). The simple answer to why Tether mints new supply is that demand for Tether goes up. Posted January 8, 2021. Note: Please exercise extreme care when . Roughly 49% of Tethers $62.8 billion reserves are invested in commercial paper (CP) typically short-term corporate debt and certificates of deposit (CDs), out of which roughly 93% was rated A-2 and above, 5.5% at A-3 and 1.5% below A-3 as of June 30. subsequently regained to the $10,000 mark. USDT price is down -0.2% in the last 24 hours.