Tether (USDT)

After last weeks massive correction, today’s recovery in the crypto market is a huge relief to the investors.

PwC said that its partnership will provide for more transparency and value substantiation, and enhance investors’ trust in the cryptocurrency stablecoin market.

Digifinex has announced important changes in the list of the coins available on the platform: TrueUSD (TUSD) will now replace Tether (USDT).

Based on the Ethereum network, the Carbon team plans to shift the stablecoin protocol on scalable algorithmic model Hedera Hashgraph, once it reaches sufficient liquidity.

Stablecoins are the goal of achieving genuinely price-stable cryptocurrencies that can effectively function as a medium of exchange, store of value, and fungible unit of account.

The Gemini Dollar and Paxos Standard stablecoin will be pegged to the U.S. Dollar in 1:1 ration. The tokens are built on Ethereum network using the ERC 20 standards.

100 million USDT tokens were transferred from the Tether Treasury to the digital currency exchange Bitfinex just hours before the Bitcoin price surged.

For the third time in the last one-month Tether has issued $50 million in USDT tokens as the company’s circulating market cap reaches $2.5 billion.

Despite high-ranking government officials still speak about cryptocurrencies very cautiously, the fact that crypto-summits take place and officials are following crypto-market developments shows the potential for widespread crypto adoption.