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Tether USDt price

Tether USDt priceUSDT

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Price of Tether USDt today

The live price of Tether USDt is $0.9997 per (USDT / USD) today with a current market cap of $142.15B USD. The 24-hour trading volume is $149.90B USD. USDT to USD price is updated in real time. Tether USDt is 0.12% in the last 24 hours. It has a circulating supply of 142,192,590,000 .

What is the highest price of USDT?

USDT has an all-time high (ATH) of $1.22, recorded on 2015-02-25.

What is the lowest price of USDT?

USDT has an all-time low (ATL) of $0.5683, recorded on 2015-03-02.
Calculate Tether USDt profit

Tether USDt price prediction

When is a good time to buy USDT? Should I buy or sell USDT now?

When deciding whether to buy or sell USDT, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget USDT technical analysis can provide you with a reference for trading.
According to the USDT 4h technical analysis, the trading signal is Buy.
According to the USDT 1d technical analysis, the trading signal is Strong sell.
According to the USDT 1w technical analysis, the trading signal is Sell.

What will the price of USDT be in 2026?

Based on USDT's historical price performance prediction model, the price of USDT is projected to reach $1.18 in 2026.

What will the price of USDT be in 2031?

In 2031, the USDT price is expected to change by +4.00%. By the end of 2031, the USDT price is projected to reach $2.2, with a cumulative ROI of +119.75%.

Tether USDt price history (USD)

The price of Tether USDt is -0.06% over the last year. The highest price of USDT in USD in the last year was $1 and the lowest price of USDT in USD in the last year was $0.9969.
TimePrice change (%)Price change (%)Lowest priceThe lowest price of {0} in the corresponding time period.Highest price Highest price
24h+0.12%$0.9981$1
7d+0.03%$0.9978$1
30d-0.03%$0.9976$1
90d-0.08%$0.9971$1
1y-0.06%$0.9969$1
All-time-0.03%$0.5683(2015-03-02, 10 years ago )$1.22(2015-02-25, 10 years ago )

Tether USDt market information

Tether USDt's market cap history

Market cap
$142,148,662,025.12
Fully diluted market cap
$144,519,561,731.21
Market rankings
Buy Tether USDt now

Tether USDt market

  • #
  • Pair
  • Type
  • Price
  • 24h volume
  • Action
  • 1
  • USDT/EUR
  • Spot
  • 0.9648
  • $11.12M
  • Trade
  • 2
  • USDT/BRL
  • Spot
  • 5.925
  • $770.44K
  • Trade
  • Tether USDt holdings

    Tether USDt holdings distribution matrix

  • Balance (USDT)
  • Addresses
  • % Addresses (Total)
  • Amount (USDT|USD)
  • % Coin (Total)
  • 0-10 USDT
  • 3.18M
  • 45.73%
  • 4.75M USDT
    $4.75M
  • 0.01%
  • 10-100 USDT
  • 2.29M
  • 32.87%
  • 92.61M USDT
    $92.52M
  • 0.12%
  • 100-1000 USDT
  • 1.13M
  • 16.20%
  • 343.15M USDT
    $342.82M
  • 0.44%
  • 1000-10000 USDT
  • 261.91K
  • 3.77%
  • 678.34M USDT
    $677.7M
  • 0.88%
  • 10000-100000 USDT
  • 72.07K
  • 1.04%
  • 2.33B USDT
    $2.33B
  • 3.01%
  • 100000-1000000 USDT
  • 22.67K
  • 0.33%
  • 6.6B USDT
    $6.59B
  • 8.55%
  • 1000000-10000000 USDT
  • 3.93K
  • 0.06%
  • 9.8B USDT
    $9.79B
  • 12.70%
  • 10000000-100000000 USDT
  • 394
  • 0.01%
  • 8.77B USDT
    $8.76B
  • 11.35%
  • 100000000-1000000000 USDT
  • 42
  • 0.00%
  • 14.2B USDT
    $14.18B
  • 18.39%
  • >1000000000 USDT
  • 9
  • 0.00%
  • 34.41B USDT
    $34.38B
  • 44.56%
  • Tether USDt holdings by concentration

    Whales
    Investors
    Retail

    Tether USDt addresses by time held

    Holders
    Cruisers
    Traders
    Live coinInfo.name (12) price chart
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    Tether USDt ratings

    Average ratings from the community
    4.4
    100 ratings
    This content is for informational purposes only.

    About Tether USDt (USDT)

    What Is Tether?

    Tether (USDT) is a type of cryptocurrency known as a stablecoin. It is designed to maintain a steady value against the U.S. dollar, aiming to combine the benefits of blockchain technology with the relative stability of fiat currencies. This design intends to reduce the volatility typically associated with cryptocurrencies like Bitcoin and Ethereum.

    The concept behind Tether is simple: for every unit of Tether in circulation, there should be one U.S. dollar held in reserve by Tether Ltd., the company behind USDT. This 1:1 peg to the U.S. dollar means that theoretically, any holder of Tether should be able to redeem their USDT for an equivalent amount of U.S. dollars.

    In June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day.

    Resources

    Original Whitepaper: https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf

    Official website: https://tether.to/

    How Does Tether Work?

    Initially launched on the Bitcoin blockchain, Tether has since evolved significantly. It now exists as digital tokens on an impressive list of 12 major blockchains, including but not limited to Algorand, Avalanche, Bitcoin Cash’s Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana and Statemine.

    The Blockchain Ledger and Tether's Centralization

    Like its cryptocurrency counterparts, all Tether transactions are transparently recorded on a blockchain. This decentralized ledger meticulously tracks all transaction history and is publicly accessible. However, it's crucial to note that Tether differentiates itself by being a centralized stablecoin. Its supply and operations are exclusively managed by Tether Ltd.

    By providing a reliable and transparent stablecoin option, Tether continues to play an important role in the broader cryptocurrency ecosystem.

    What Determines Tether's Price?

    Understanding what determines the current Tether price is crucial for anyone involved in the cryptocurrency market. Tether (USDT), often referred to as a stablecoin, aims to maintain a 1:1 peg with the U.S. dollar. This 1:1 peg is theoretically backed by reserves held by Tether Ltd., the company responsible for USDT.

    Factors Influencing Tether Price Stability

    However, the stability of Tether's 1:1 peg can be influenced by a multitude of factors including market sentiment, liquidity imbalances, and the overall health of the cryptocurrency ecosystem. For instance, in June 2023, the Tether USD price experienced a slight depeg due to Curve’s 3Pool liquidity imbalance. The USDT price dropped to as low as $0.996 before recovering, affecting Tether's price history.

    The Importance of Trust and Confidence

    Tether price data often serves as an indicator of the level of trust market participants have in the stablecoin. When Tether maintains its 1:1 peg, it signifies a balanced state of inflows and outflows. This also indicates confidence in the company's ability to maintain its reserves, impacting Tether price predictions. However, any change in the Tether coin price, even a slight one, can trigger market reactions.

    Market Reactions to Tether Price Changes

    For example, a depegging event can lead to increased Tether trading volumes as investors seek to capitalize on arbitrage opportunities or move their assets to other stablecoins or fiat currencies. On-chain metrics such as trading volume and token circulation can provide valuable insights into how the market is responding to changes in Tether's price.

    Regulatory Scrutiny and Tether Price Analysis

    Moreover, the Tether to USD price can also be influenced by regulatory scrutiny and the company's transparency regarding its reserves. Any discrepancies or uncertainties can lead to Tether price fluctuations. Despite occasional depegs, Tether has managed to maintain its dominant position in the stablecoin market. This suggests that its underlying blockchain technology and the broader cryptocurrency ecosystem continue to support its value proposition.

    The Need for Constant Monitoring

    Therefore, keeping an eye on real-time Tether price, regulatory updates, and market sentiment can offer valuable insights into the stablecoin's stability and reliability. By understanding the factors that influence Tether's price, you can make more informed decisions in your cryptocurrency investments.

    What Makes Tether Valuable?

    Fiat Currency Alternative

    USDT has emerged as a prominent alternative to fiat currency in the digital world, especially in countries with unstable currencies or strong capital controls. Because USDT is pegged to the U.S. dollar, it has become a go-to for individuals looking to preserve value, execute international transactions, or bypass traditional banking systems.

    Price Discovery and Stability

    Due to its peg to the dollar, USDT serves as a benchmark for price discovery in cryptocurrency markets. Its stability offers a contrast to the often volatile nature of cryptocurrencies. This has given confidence to traders and investors, especially those who might be skeptical about the fluctuating nature of cryptocurrencies.

    Increased Liquidity

    USDT provides exchanges and traders with additional liquidity. Its easy convertibility means traders can switch between USDT and other cryptocurrencies quickly, aiding in efficient price discovery and trade execution.

    Gateway to Other Cryptocurrencies

    For many, USDT serves as the primary point of entry into the crypto world. Many cryptocurrency exchanges don’t allow direct fiat to crypto trading due to regulatory concerns. USDT offers a solution, enabling traders to first purchase USDT with fiat and then use USDT to trade other cryptocurrencies.

    Influence on Decentralized Finance (DeFi)

    Tether's role in the decentralized finance sector cannot be underestimated. With its stability, USDT has become a preferred collateral option in various DeFi platforms. It has enabled lending, borrowing, and yield farming activities, acting as a bedrock for various DeFi protocols.

    Potential for Mainstream Adoption

    As businesses become more accepting of cryptocurrencies, USDT, with its inherent stability, has the potential to become widely accepted for daily transactions, bridging the gap between traditional finance and the crypto world.

    Controversies and Concerns Surrounding Tether

    While Tether (USDT) serves as a keystone in the cryptocurrency landscape, it has also been a magnet for controversy and skepticism. One of the most persistent issues revolves around transparency—specifically, whether Tether Ltd. holds sufficient U.S. dollar reserves to back e ach USDT token in circulation. This concern has even caught the attention of regulatory authorities.

    Legal Proceedings and Transparency

    In 2020, a landmark settlement was reached between Tether Ltd., its affiliate Bitfinex, and the New York Attorney General’s Office. The lawsuit had alleged that the companies concealed an US$850 million loss of customer funds. To settle these allegations, both Tether Ltd. and Bitfinex agreed to pay an US$18.5 million penalty and commit to greater transparency by providing quarterly reports on Tether's reserves.

    Conclusion

    Tether has indisputably revolutionized the cryptocurrency market by creating a stable digital alternative to the U.S. dollar. It offers a multitude of advantages, including enhanced market liquidity and a safe haven during periods of extreme crypto volatility. However, prospective and current users must exercise due diligence. The questions surrounding its reserve transparency and legal challenges warrant careful consideration.

    Related Articles about Tether

    What is Tether (USDT)?

    Bitget x Tether: The Gateway To Real-World Assets

    The Tether Depeg in Summer 2023: What Happened to USDT?

    Tether USDt Social Data

    In the last 24 hours, the social media sentiment score for Tether USDt was 3.1, and the social media sentiment towards Tether USDt price trend was Bullish. The overall Tether USDt social media score was 16,147,292, which ranks 5 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Tether USDt being mentioned with a frequency ratio of 2.5%, ranking 11 among all cryptocurrencies.

    In the last 24 hours, there were a total of 64,849 unique users discussing Tether USDt, with a total of Tether USDt mentions of 26,442. However, compared to the previous 24-hour period, the number of unique users decrease by 1%, and the total number of mentions has decrease by 19%.

    On Twitter, there were a total of 597 tweets mentioning Tether USDt in the last 24 hours. Among them, 15% are bullish on Tether USDt, 11% are bearish on Tether USDt, and 73% are neutral on Tether USDt.

    On Reddit, there were 419 posts mentioning Tether USDt in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 8% .

    All social overview

    Average sentiment (24h)
    3.1
    Social media score (24h)
    16.15M(#5)
    Social contributors (24h)
    64.85K
    -1%
    Social media mentions (24h)
    26.44K(#11)
    -19%
    Social media dominance (24h)
    2.5%
    X
    X posts (24h)
    597
    -47%
    X sentiment (24h)
    Bullish
    15%
    Neutral
    73%
    Bearish
    11%
    Reddit
    Reddit score (24h)
    513
    Reddit posts (24h)
    419
    -8%
    Reddit comments (24h)
    0
    0%

    How to buy Tether USDt(USDT)

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    Tether USDt news

    JUST IN: Trump’s New Cryptocurrency Project Is Announced! What is He Up To Again?
    JUST IN: Trump’s New Cryptocurrency Project Is Announced! What is He Up To Again?

    US President Donald Trump's interest in the world of cryptocurrencies is indeed increasing day by day. So what's next this time?

    Bitcoinsistemi2025-02-28 19:44
    $40 billion in crypto received by illicit addresses in 2024: Chainalysis
    $40 billion in crypto received by illicit addresses in 2024: Chainalysis

    Share link:In this post: Illicit crypto transactions reached an estimated $40.9 billion in 2024 as per Chainalysis. Current figures likely undercount actual illicit activity despite a decline from 2023. Stablecoins now dominate illicit transactions, accounting for 63% of volume.

    Cryptopolitan2025-02-28 13:22
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    FAQ

    What is a stablecoin?

    A stablecoin is a cryptocurrency designed to have a stable value. Unlike highly volatile cryptocurrencies such as Bitcoin, its value is pegged to reserves or assets like the US dollar or gold. The aim is to offer the stability of fiat currencies and the advantages of cryptocurrencies, like secure and seamless cross-border transactions.

    What is Tether (USDT) and how is its price determined?

    Tether (USDT) is a type of cryptocurrency known as a stablecoin. Its price is designed to be pegged to the value of a fiat currency, most commonly the US dollar. This means that 1 USDT is generally equivalent to 1 USD. The price stability is achieved by Tether Limited claiming to hold reserves in a 1:1 ratio to the USDT tokens in circulation.

    How can Tether maintain its peg to the US dollar?

    Tether Limited, the company behind USDT, claims to hold a reserve of US dollars (or equivalent assets) in a bank account for every USDT issued. By ensuring that they have the necessary reserves and through buyback mechanisms, they aim to maintain the 1:1 peg.

    Why is USDT's price sometimes slightly above or below US$1?

    While USDT aims to maintain a 1:1 peg with the US dollar, minor fluctuations can occur due to supply and demand dynamics in the market, arbitrage opportunities, and market sentiment. For example, in June 2023, the stability of Tether's USDT experienced a slight depeg due to the Curve’s 3Pool liquidity imbalance. Even though the price dropped to as low as US$0.996 at that time, USDT price recovered to US$0.999 later in the day. During times of high volatility in the crypto market, traders may flood into or out of USDT, which can cause short-term deviations from the US$1 peg.

    How does Tether differ from other stablecoins?

    While Tether (USDT) is one of the most popular and widely recognized stablecoins, there are other stablecoins in the market like USDC, DAI, and PAX. The main difference is the issuing entity and the transparency mechanisms. For example, USDC is issued by Circle and Coinbase and provides more frequent attestations of their reserves. DAI, on the other hand, is a decentralized stablecoin backed by cryptocurrency collaterals rather than fiat.

    Can I redeem USDT directly for USD?

    In theory, Tether tokens can be redeemed for USD through the Tether platform, but in practice, most users trade USDT on cryptocurrency exchanges. It's important to note that redemption policies and processes can change, so always check the official Tether platform or your exchange for the latest information.

    What is the current price of Tether USDt?

    The live price of Tether USDt is $1 per (USDT/USD) with a current market cap of $142,148,662,025.12 USD. Tether USDt's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Tether USDt's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Tether USDt?

    Over the last 24 hours, the trading volume of Tether USDt is $149.90B.

    What is the all-time high of Tether USDt?

    The all-time high of Tether USDt is $1.22. This all-time high is highest price for Tether USDt since it was launched.

    Can I buy Tether USDt on Bitget?

    Yes, Tether USDt is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Tether guide.

    Can I get a steady income from investing in Tether USDt?

    Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

    Where can I buy Tether USDt with the lowest fee?

    Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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    4. Choose your issuing country or region and ID type, and follow the instructions.
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    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    Cryptocurrency investments, including buying Tether USDt online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Tether USDt, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Tether USDt purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

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    COINOTAG_NEWS
    COINOTAG_NEWS
    11h
    USDT Dominance Reaches 5.55% for First Time Since October 14, 2024
    Coinpedia
    Coinpedia
    13h
    Bitcoin Crash Over? Top Trader Predicts Massive Recovery & Altcoin Boom!
    The post Bitcoin Crash Over? Top Trader Predicts Massive Recovery & Altcoin Boom! appeared first on Coinpedia Fintech News Bitcoin, the world’s largest cryptocurrency, has dropped over 15% in a week, hitting a low of $82,340. While this fall has sparked fears of more losses, Crypto trader Crypto Banter analysts believe a strong recovery could be coming. With liquidations already happening, Bitcoin’s next move could either shake out weak hands or trigger a sharp rally. Meanwhile, altcoins are showing signs of strength, hinting at a possible breakout soon. Bitcoin Ready For V-Shape Recovery? According to Crypto Banter analysis, Bitcoin has been facing strong resistance after breaking below key support, recently dipping to $82,000. While this move has triggered concerns of further downside, analysts at Crypto Banter suggest that a strong V-shape recovery could be on the horizon. Meanwhile, Crypto Banter outlines two possible scenarios for Bitcoin’s next move: Final Dip Before Reversal: Bitcoin might drop to the $79,000–$81,000 range before rebounding toward $90,000 and higher. This shakeout could remove weak hands before the market starts climbing again. Immediate Recovery: If Bitcoin stays above $82,000, it could quickly regain $90,000 and continue toward $100,000, which could trigger a strong rally in altcoins. The market is at a crucial point, and Bitcoin’s next step will decide if it continues to rise or stays stuck in a sideways phase. Altcoins Preparing for a Breakout? Bitcoin dominance is falling, which could mean altcoins are preparing for strong moves. At the same time, USDT dominance is dropping, showing that traders are shifting funds back into altcoins. This growing confidence could signal the start of an altcoin rally. Ethereum (ETH) is already showing strength, bouncing back from its lows and now aiming for $2,500. If it breaks above this level, ETH could climb toward $3,000. Meanwhile, Solana (SOL) is also holding support around $130, with analysts expecting a move to $160. If momentum builds, SOL could reclaim $200 and enter price discovery, further boosting the Solana price. Crypto Market To Trigger a $6B In Liquidation According to Crypto Banter, Bitcoin has already seen big liquidations on the downside, with many traders now going long between $83k and $84k. This means the market could now move higher. If Bitcoin climbs above $90k, it could trigger $3 billion in short liquidations. A push to $95k could lead to $6 billion in liquidations, forcing short traders to buy back, which could drive prices even higher.
    ETH-4.53%
    MOVE-2.30%
    Blockchain Reporter
    Blockchain Reporter
    1d
    Bitcoin (BTC) Price Prediction for February 26
    Bitcoin price is struggling to initiate a recovery rally as it faces increasing bearish domination below $90K. As a result, BTC price might soon aim for a retest of immediate support channels. Over the past 24 hours, Bitcoin’s trading volume has increased by more than 200%, totaling $79.4 billion. In a broader perspective, Bitcoin fell below $100,000 on January 7 and showed a downward trend. It reached a low of approximately $89,397 on January 13. On Feb 3, Bitcoin again crashed and reached a low near $91K. On 24 Feb, the price again declined, reaching a new low since November 2024. Over the last 24 hours, its total market capitalization dropped by 1.07%, settling at $1.71 trillion. Bitcoin Faces $337 Million Liquidation On Wednesday, the price of Bitcoin (BTC) was around $88,800, following a dip to $86,050 the day before. The price correction in BTC was supported by US Bitcoin spot Exchange Traded Funds (ETFs), which saw their highest single-day outflow on Tuesday. According to a K33 report, the market reacted negatively to MicroStrategy’s recent Bitcoin purchase, coinciding with renewed worries about tariffs imposed by US President Donald Trump. Global investors are increasingly nervous as signs emerge that the so-called exceptionalism of the U.S. economy may be dropping, amid preparations by President Donald Trump to implement tariffs. On Monday, Trump confirmed his intention to impose a 25% tariff on imports from Canada and Mexico starting in early March. This announcement has heightened market unease, leading to a sharp rally in safe-haven U.S. Treasury prices and pushing yields to their lowest in two months. Recent data from Coinglass reveals that Bitcoin saw nearly $337 million in total liquidations over the last 24 hours, with buyers liquidating $278.6 million and sellers around $59 million, indicating a significant increase in long liquidations. Additionally, the open interest for Bitcoin has dropped by 4.6%, touching over $54 billion in the last 24 hours. However, Bitcoin’s funding rate trades at +0.0068%, indicating that buyers remain somewhat bullish. This could help buyers to continue pushing the BTC price upwards. Bitcoin Price Prediction: Technical Analysis Bitcoin’s price is experiencing strong bearish pressure as it continues to drop below immediate Fib levels. As a result, sellers are now holding the price around the $84K level. Currently, Bitcoin trades at $84,387, reflecting a 4.4% drop in the past 24 hours. The BTC/USDT trading pair will now aim for a retest of the $81K level. As selling pressure intensifies, buyers will continue to defend further decline. However, if Bitcoin rebounds above $81K, we might see a recovery toward $89,000. On the other hand, if Bitcoin fails to meet buyers’ demand around $81K, we might see further decline toward the low of $77K. Bitcoin Price Prediction: What to Expect Next? Short-term: According to BlockchainReporter, BTC price might aim for $81K. If it rebounds above that level, we might see $90K. On the other hand, $77K is the lower range. Long-term: According to Coincodex’s current Bitcoin price prediction, the price of Bitcoin is expected to increase by 42.50% and reach $125,879 by March 28, 2025. The technical indicators currently suggest a bearish sentiment, and the Fear & Greed Index indicates a level of 25, categorized as Extreme Fear. Over the last 30 days, Bitcoin has experienced 12 green days out of 30, equating to 40% positivity, with a price volatility of 3.06%. Given this forecast from Coincodex, it is currently considered an inadvisable time to purchase Bitcoin. How much is Bitcoin price today? Bitcoin price is trading at $84,387, at the time of writing. The BTC price has dropped by over 4.4% in the last 24 hours. What is the BTC price prediction for February 26? Throughout the day, BTC price might aim for $81K. If it rebounds above that level, we might see $90K. On the other hand, $77K is the lower range. Is Bitcoin a Good Buy Now? According to long-term forecasts, Bitcoin price might reach $125,879 by March 28. This makes BTC price a good investment considering its monthly yield. Investment Risks for Bitcoin Investing in Bitcoin can be risky due to market volatility. Investors should: Conduct technical and on-chain analysis. Assess their financial situation and risk tolerance. Consult with financial advisors if necessary.
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    Aicoin-EN-Bitcoincom
    Aicoin-EN-Bitcoincom
    1d
    Mask Network Founder Suji Yan Loses $4M in Crypto to Hackers on Birthday
    The blockchain security firm Cyvers said Feb. 27 it had detected suspicious transactions linked to Suji Yan, the founder of Mask Network. At the time of writing, the suspicious address had received nearly $4 million in digital assets, including 113 ETH, 923 WETH, 48,400 MASK and 50,000 USDT. In an alert shared via the social media platform X, the security firm noted that stolen assets had already been converted to ether and distributed to six different addresses. Reacting to the latest security incident, Meir Dolev, co-founder and CTO of Cyvers, suggested the hackers were too eager to launder the stolen digital assets and said real-time monitoring can help thwart these attempts. “The stolen assets were swiftly converted to ETH and dispersed across multiple addresses, indicating a well-coordinated laundering attempt. This incident underscores the increasing sophistication of threat actors in the Web3 space and highlights the urgent need for real-time transaction monitoring, preemptive prevention and rapid incident response,” Dolev said. Meanwhile, the Mask Network founder later confirmed the incident, which lasted some 11 minutes, occurred on his birthday. He speculated that the hacker either manually transferred the funds or perpetrated an offline attack. “So, either my private key was compromised on my birthday and the hacker manually moved the funds, or this could have been an offline attack. I was at a private gathering with a dozen friends at the time, and there were a few minutes when my phone wasn’t with me, like when I went to the bathroom. I trust my friends, but this situation is a nightmare for anyone,” Yan wrote on X. The Mask Network founder added that he has since contacted security experts Zachxbt and Slowmist to assist with the investigation. He also claimed the stolen funds were his personal assets, not connected to the company, the fund or any related investment projects. 免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。
    ETH-4.53%
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    Ravikash Gupta
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    1d
    Ondo Finance Launches RWA Campaign on NAVI Protocol to Drive Adoption of USDY
    Ondo Finance has launched a campaign on Sui’s NAVI Protocol to drive adoption of its yield-bearing stablecoin USDY. Ondo Finance (ONDO) has launched a new campaign in collaboration with NAVI Protocol, aiming to encourage more people to use its stablecoin USDY, a tokenized US Treasury yield coin by Ondo Finance. Running from Feb. 26 to March 12, the initiative offers participants a chance to earn rewards by supplying liquidity for USD (depositing it into NAVI Protocol). Participants earn points based on their liquidity contributions, making them eligible for a share of the rewards, which will be paid in NAVX and USDY. The campaign has a total reward pool of $35,000. The top 100 participants will share $10,000, while an additional $25,000 will be distributed among 2,500 more winners. USDY is a special type of stablecoin created by Ondo Finance that earns daily interest. Unlike regular stablecoins like Tether (USDT) or USD Coin (USDC), which just hold their value, USDY is backed by US Treasury bills and bank deposits. Because it’s backed by yield-generating assets, it automatically generates yield for its holders. This effectively makes USDY an on-chain alternative to holding cash in a savings bank account or investing in money market funds. Since USDY earns yield without requiring staking or locking, it’s becoming an attractive stablecoin alternative in DeFi as it allows users to earn yield without taking on crypto volatility risks. Since it operates on the blockchain, it can also be used in DeFi for lending and borrowing. You might also like: US leadership in crypto: The focus is on stablecoins | Opinion USDY was first introduced on the Sui blockchain in March 2024. Later, it was expanded to other networks, launching on the Cosmos ecosystem via Noble in July 2024, the Aptos blockchain in Dec. 2024, and Arbitrum (ARB) in August 2024. Earlier in Feb., USDY also launched on the Stellar (XLM) network in the coming months. Apart from NAVI Protocol, several other protocols on Sui, namely Aftermath Finance, Cetus, Typus Finance, Bucket Protocol, Turbos, and KriyaDEX, have integrated USDY. Among other DeFi platforms, USDY was integrated on BounceBit and Injective (INJ), offering users seamless exposure to USDY’s yields. Drift Protocol enabled users to use USDY as collateral for perpetual trading on Solana (SOL). According to Coinmarketcap, as of Feb. 26, USDY has a market capitalization of around $382 million. You might also like: US leadership in crypto: The focus is on stablecoins | Opinion
    ONDO+1.37%
    DEFI-4.23%

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