Is There Any Equivalent for Printed Tethers?

Tether is a cryptocurrency built on the Ethereum Blockchain whose value is pegged to 1 USD and is produced by the Tether company. It is in the stable currency category due to the fixation of its value. In a way, it brings us a version of the dollar transferred to the digital platform.

Tether, the so-called stable cryptocurrency, can be exchanged one-to-one with fiat currencies such as Dollars and Euros. In this way, investors move the money in their bank accounts to a digital platform. Transfer transactions are also faster and less costly than fiat currencies.

Among the stable currencies, the most popular is Tether (USDT). Stable currencies are actively preferred to protect against high volatility in stock markets.

Although it is not known whether the printed Tether has an exact equivalent, it is stated by the Tether company and its lawyers that it is audited and fully equivalent. It is not really known whether there are as many dollars in their coffers as the tether circulating in the market. However, the Tether company can check on its transparency page, which is regularly updated on the company’s website and is accessible 24/7, so that investors can check it out. As a system, it shows a similar structure to the Federal Reserve, which supports the US Dollar with gold.

100 Million of Tether, which was printed in 150 Million units in the last 1 week, was transferred to Binance. What we need to understand from here is the indicator of the increasing demand for USDT on Binance and exchanges. As the demand increases, the supply of USDT is increased in response to the price rising and it is tried to be kept stable at 1 USD.

The close relationship of the exchanges with the Tether company and the lack of transparency of the trade between them can create doubts. However, despite all these claims, Tether continues to operate as the most preferred stablecoin and the third crypto money with the highest volume.

Grayscale’s Mixed Crypto ETF Gets SEC Approval – SEC Plans to Speed Up Crypto ETF Process
SEC Approval for Grayscale’s Mixed Crypto ETF The U.S. Securities and Exchange Commission (SEC) has “expedited” approval for Grayscale’s Digital Large Cap Fund, which is comprised of 80% Bitcoin, 11% Ethereum, and the rest altcoins like Solana, Cardano, and XRP, to convert into a spot ETF. The fund, which currently trades over-the-counter (OTC), will now be available for exchange-trading. The move...
First Solana ETF with Stake Rewards Coming to the US - Robinhood Expands Crypto Move with ETH-SOL Staking and Tokenized Shares
First Solana ETF with Staking Rewards Coming to the US Rex Shares and Osprey Funds are preparing to launch the first US ETF that offers direct exposure to Solana and staking rewards. The fund, announced as the “Rex-Osprey Solana + Staking ETF,” will hold SOL assets through a subsidiary in the Cayman Islands and aim to generate returns by staking at least 50% of those assets. Unlike traditional spot...
What is the Travel Rule?
With the introduction of crypto assets into our lives, many habits in the financial system are changing. However, these new technologies also bring some risks. Anonymous transactions, uncontrolled money transfers, and regulatory gaps. This is exactly where the “Travel Rule” comes into play. Developed to increase transparency in financial transactions and prevent illegal activities, this rule is starting...
Weekly Crypto Market Reports: June 23, 2025
In the crypto market report covering the week of June 23-30 prepared by the ICRYPEX Research team, we have compiled current developments regarding crypto assets, price movements of crypto assets, and macroeconomics. You can take a look at the general flow of this report immediately below and reach all the developments that took place in the 7-day period from Weekly Crypto Market Reports: June 23-30,...
Ripple and SEC Withdraw Appeals - Solana and Ethereum ETFs with Staking Yields on the Way
Ripple and the SEC Withdraw Their Appeals Ripple and the U.S. Securities and Exchange Commission (SEC) have mutually decided to withdraw their appeals, officially closing the 5-year-long lawsuit. Ripple CEO Brad Garlinghouse announced this decision on social media and stated that the SEC had also dropped its appeal. Thus, the years-long legal uncertainty about whether XRP was considered a security...


Create an account

Now create an account where you can use your knowledge.