Bitcoin24h $97,775.40+4.65%

Ethereum24h $3,410.75+6.13%

XRP24h $2.27+8.17%

BNB24h $671.68+4.59%

Solana24h $190.07+4.00%

Dogecoin24h $0.3316+16.57%

Cardano24h $0.9435+16.92%

TRON24h $0.2489+6.15%

Avalanche24h $39.93+12.74%

Chainlink24h $23.41+11.18%

Tether’s dreams come true with Donald Trump victory

Although bitcoin stole the show amid Donald Trump’s election, the unchanged price of USDT hid its own, equally significant victory.

CHART: Tether has attracted US government action 19 times

A timeline of Tether’s run-ins with US courts and law enforcement traces back over a decade, but its market cap has steadily grown.

Tether has launched Alloy a new over-collateralized stablecoin tethered to the US dollar and backed by Tether Gold.

Several versions of Tether tied to assets like the Euro, Offshore Yuan, and the Mexican Peso, look to have been completely sidelined.

Crypto exchanges have a curious practice of paying their customers USDT bonuses to submit their ID cards for KYC purposes.