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🤖 USDTSCAN — Star Bot

🤖 Telegram Bot USDTSCAN is already available for platform users. With it, you can send a request to create a personal unique avatar.

⬇️ To get a Leader Avatar, you need to choose one of the available languages and fill out a simple questionnaire:

1️⃣ Step - Submit your USDTSCAN wallet address;

2️⃣ Step - Send First Name Last Name / Nickname, which will be displayed on the Leader Avatar;

3️⃣ Step - Submit your Personal Photo or Branded Logo to be displayed on the Leader Avatar.

✔️ After filling, your data will be sent for moderation. Wait for the processing of the received information. Upon completion of processing, you will receive a generated Leader Avatar according to your Star Rank.

✈️ @usdtscan_bp_bot

🐙💲 We’re thrilled to announce that Tether EURt (EURT) is now available on Kraken!

Funding is live, and trading will begin on May 2 at approximately 14H30 UTC. Add EURT to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.

Note: Only deposit EURT on Kraken using the Ethereum network. Deposits of EURT using any other network will be lost.

📊 According to Etherscan, the average Ethereum gas fee has reached a 12-month peak. Today it is 227 gwei, and Uniswap transactions cost an average of $84 to settle. Overcharges are frustrating users and crowding out small contributors who are trying to operate in the Ethereum ecosystem.

‼️ We remind you that the fee for sending USDT/TRX in USDTSCAN wallet is:

Network fee for the USDTChain network — 1.072517 TRX;
Network fee for other Blockchains — 11.690545 TRX.

🇧🇷💲🔼 According to Receita Federal in Brazil, Tether USDt dominated trading with R$37.1 billion ($USD 7.42 billion) - a whopping 81% of R$45.8 billion ($USD 9.16 billion) total traded in Crypto & Stablecoins from Jan to Mar 2023 ✔️📊 #Tether #USDt #USDTSCAN

What does USDT stablecoin mean❓

United States Dollar Tether is the first and most popular stablecoin on the crypto market, a fixed price crypto token pegged to fiat, in this case the US dollar. USDT was issued in 2014 by Tether Limited.

A stablecoin is a crypto asset with a stable exchange rate that is not subject to sharp price fluctuations, as opposed to volatile cryptocurrencies such as Bitcoin, Ethereum and others. Stablecoins represent fiat currencies in the crypto market . Stablecoin rates can be pegged to fiat currencies (USDT, USDC), precious metals (Tether Gold) and other assets.

Why USDT was created❓

Tether was created in October 2014 on the Omni Layer protocol on the Bitcoin blockchain as a more stable alternative to the first cryptocurrency . The original name is RealCoin. In the same year, the project was renamed. The first crypto exchange to launch trading with Tether is Bitfinex. As it turned out later, Tether Limited is a subsidiary of Tether Holding Limited, which was founded by members of the Bitfinex management. Thus, these are originally related companies.

The creators back in 2014 called Tether a digital link to a real world asset. Among the goals of creation:

✔️ presenting an alternative to unstable cryptocurrencies;

✔️ fiat to cryptocurrency conversion at a ratio of 1:1;

✔️ increasing confidence with the help of a new method of confirming reserves Proof of Reserves (an alternative to methods of confirming solvency Proof of Solvency);

✔️ transfers of national currencies (including cross-border ones);

✔️ integration with various service for bill payment and financing;

✔️ reduction of market risks.

📊 TETHER CHARACTERISTICS

To describe Tether (USDT), it is often indicated that it is a coin with key features:

— stability based on the provision of fiat currency - to take full advantage of digital transactions on the blockchain without the risks of volatility;

— transparency - the volume of reserves is published on the website every day and at least once a day is updated;

— convergence of crypto and fiat currencies due to the simple exchange of dollars for Tether and vice versa.

🪙 HOW TETHER WORKS

According to the company's documentation, the circulation of USDT tokens is declared as a cycle:

1️⃣ user (individual or legal entity - crypto exchange or crypto service) deposits fiat funds to the bank account of Tether Ltd;

2️⃣ company issues tokens in the equivalent of 1 USD = 1 USDT;

3️⃣ company lends USDT to the user in the equivalent of the amount of US dollars deposited;

4️⃣ user performs operations (transfers, exchanges);

5️⃣ user returns Tether for a deposit;

6️⃣ company burns the deposited tokens and returns dollars to the user.

💬 WHAT IS THE BACKING OF THE COIN

Every 1 USDT must be backed by 1 USD in Tether Ltd's reserve balance. Accordingly, the answer to the question of what 1 USDT is equal to is very simple: the USDT to USD exchange rate should be 1:1.

The Tether report shows excess reserves at an all-time high of $2.44 billion, up $1.48 billion from net income.

Tether closed the first quarter of 2023 with total consolidated assets of $81.8 billion. Most of its reserves are invested in US Treasury bills.

💲 Types of USDT

Tether was released on the Omni (Bitcoin), ERC-20 (Ethereum), TRC-20 (Tron), EOS, Liquid, Algorand, Solana, OMG Network, Bitcoin Cash blockchain protocols, which contributes to the growth of trading volumes and increased liquidity.

🔹 USDT on ERC20

In 2018, when the average fees on the Bitcoin blockchain grew many times over, the token was issued on the ERC-20 protocol on top of the Ethereum blockchain, which was much more profitable for trading. After that, the use of USDT on Omni dropped significantly, and USDT on ERC-20 is now leading among other options.

The emission on ERC-20 provides additional opportunities for interacting with smart contracts and decentralized applications (dApps).

🔴 USDT on TRC20

Tezer on Tron began production in April 2019. The TRC-20 technical standard is similar to the ERC-20 standard on Ethereum. The release of Tether on Tron pursued the goal of developing the dApps ecosystem on Tron.

💬 What's better?

Among the significant differences between the three most common protocols for the release of Tether, we note:

- transaction speed (can be several hours on Omni and several seconds on Tron, the average is several minutes on Ethereum);

- transaction fees (highest for Omni and lowest for TRC-20).

Choosing between types of USDT, you need to decide on the purpose of its use. For large but infrequent transactions, Omni is suitable because of its high security; for trading - the best option would be ERC-20; and for high-frequency transactions with small amounts, choose the TRC-20.

❗️Important: Tokens of one standard cannot be sent to addresses of another! Check addresses carefully before sending funds. For USDT on Omni, addresses start with the number 1 or 3, and on ERC-20 with a combination of 0x. USDT addresses on Tron begin with the letter T.

🔒 USDTScan wallet owners have the opportunity to store USDT on the balance of free and fixed staking, which ensures the coverage of income items due to the participation of Financial Representatives in building the income environment of the USDTScan service.

😌 Each Representative is represented in a separate region and has at least 3 Super Representatives who are elected by voting or applicability, depending on the ability to provide a level of profitability for the USDTScan staking service at the current time. The distribution of votes and the applicability of the explorer as a service can be tracked on the TronScan and EtherScan partner websites in the sections: Real-time Block Distribution and Explorer-as-a-Service.

⬇️ Each Liquidity Pool uses the required number of income items to ensure the declared APR:

1️⃣ Liquidity Pool: Dual Investment

USDTScan Dual Investment staking direction gives an opportunity to earn on Staking Liquidity Pool using representatives' cryptocurrency at the desired price and date in the future, while earning high rewards no matter which direction the market goes. USDTSCAN representatives buy crypto at a lower price or sell crypto at a higher price for getting high rewards no matter which direction the market goes. Zero trading fees when the target is reached and the “Buy Low” or “Sell High” product is filled allow get the Staking profit at the rate of up to 0.30% per day.

2️⃣ Dual Investment + Cryptocards Cashback

USDTSCAN representatives send cryptocurrency assets to provide payment systems with a conversion reserve and further purchase of goods and services in cryptocurrency for payment services and banks (Crypto.com: Cashback 1.0%-8.0%, Gemini: Cashback 1.0%-3.0%, Wirex: Cashback up to 2.0%, etc), receiving for this part of the Cashback reward (up to 0.75%) depending on the amount and type of activity of the seller. USDTScan representatives, in turn, provide a part of this reward to the profitable Liquidity Pool, which is included in the daily percentage of profitability on USDT staking and is up to 0.25% for 1 calendar day.

3️⃣ Dual Investment + Cryptocards Cashback + Inter-Exchange Arbitrage

The profitability of the liquidity pool with the inclusion of trades of arbitrage trading representatives comes down to conducting a quick series of trades to earn on the difference in the rates of one or more assets. Representatives of USDTScan conduct such trading using special programs and bots. The rate of one cryptocurrency at the moment may differ on different platforms. When buying assets at the lowest cost on one trading platform and selling at the highest price on another platform, the difference between the purchase and sale prices becomes the net profit of the representative and amounts up to 0.40% at the final stage of crediting funds to the liquidity pool.

4️⃣ Dual Investment + Cryptocards Cashback + Inter-Exchange Arbitrage + Crypto Exchangers

By providing financial reserves to over-the-counter crypto exchanges, USDTSCAN representatives earn up to 0.20% yield into a profitable liquidity pool to pay out Staking obligations to fixed and free staking holders. At the same time, exchange operations in most cases take no more than 120 minutes, which is one of the most profitable and fastest ways to accumulate profits for the USDTScan wallet. The standard rate for exchanging cryptocurrency for fiat for a regular user is from 0.5% at a floating rate, which provides at least 1:1 yield for both USDTScan and the presented online P2P exchanger.

🔥 Record Profits, Reserve Surpluses, and USD₮ at All-Time Highs: A Look at Tether's Q1 Attestation

https://tether.to/en/record-profits-reserve-surpluses-and-usdt-at-all-time-highs-a-look-at-tethers-q1-attestation/

🪙 17 May 2023 - Tether International Limited (Tether), the company managing the reserves of the first and most widely used stablecoin, announced today its latest investment strategy aimed at further strengthening its reserves portfolio.

Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin (BTC). Tether anticipates that the current and future BTC holdings in its reserves will not exceed the Shareholder Capital Cushion and will further strengthen and diversify the reserves. As reflected in Tether’s Q1 2023 Assurance Report, as of the end of March 2023, Tether already held approximately $1.5 billion in BTC in its reserves. While it is common practice among many institutional investors to third-party custody their Bitcoin, Tether believes in the philosophy "Not your keys, not your bitcoin" and takes possession of the private keys associated with all of its Bitcoin holdings.

📊 Under this new approach, Tether will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains generated by price increases. This means that Tether will consider only the tangible gains from its operations, which consist of the difference, between purchase price and net proceeds from the sale or, in case of a maturing investment, between the purchase price and the reimbursed amount (for example the notional amount for a zero coupon investment like with U.S. treasury bills).

🪙 Tether’s purchase of BTC is part of its conservative and prudent approach to investment decisions aimed at strengthening, increasing and diversifying its reserves. By implementing this framework, Tether aims to enhance transparency and provide a clearer view of the company's performance and capital allocation strategy.

KriptonMarket Launches Payment Collaboration for Small Businesses in Argentina with Tether

💲 Tether announced a collaboration with KriptonMarket, an on/off ramp solution, to give users in Argentina access to stablecoins at the Central Market of Buenos Aires, one of the largest movers of fruits and vegetables in Latin America.

🇦🇷 Argentina's inflation has reached new highs at 104% after accelerating "more than expected” over the course of recent months. With businesses and customers seeing a monthly inflation rate of nearly 8% for the Argentine Peso, both experience difficulties with saving money and changing prices. Tether and KriptonMarket’s collaboration will potentially give the Central Market’s 900 wholesale merchants and 50 retail merchants the ability to accept USD₮, pay bills directly with USD₮ through KriptoPayments, pay a % of employees’ salaries in USD₮, and more. This is meant to combat Argentina’s inflation rate and facilitate digital payments between small producers and final consumers, in order to reduce intermediation costs.

💬 “We hope that bringing Tether to business owners and small shops in Buenos Aires can set an example to later be replicated across the globe,” said Paolo Ardoino, CTO of Tether. “With the continuing devaluation of their nation’s currency, the people of Argentina need solutions to pursue their own financial freedom. If we are able to contribute to the well-being of an entire country through the state-of-the-art technologies provided by the blockchain, we will be one step closer to ending the fight against financial discrimination.”

✅ In addition to establishing a path to financial freedom through on-chain payment opportunities, Tether and KriptonMarket will also be launching educational courses throughout the city to inspire a new generation of blockchain enthusiasts and business professionals. It should be noted that this program complies with all regulations commercial and fiscal of the Argentine Republic.

💲 Tether & BTU (Business & Technology University) in Georgia sign MOU🇬🇪 Tether will be involved in the development of educational courses on topics such as stablecoins, #bitcoin, 🍐P2P& other technologies that promote financial freedom & freedom of speech

💬 Commenting on the collaboration, Tether's CTO, Paolo Ardoino, said: "We are excited to work with BTU to help foster the next generation of blockchain experts. Tether is committed to supporting education and academia, and this collaboration with BTU is an excellent opportunity to engage students in the region. This is only the start of our efforts in Georgia and we look forward to announcing more initiatives in the near future"

💬 Professor Nino Enukidze, Rector of BTU, added: "Our collaboration with Tether is an important step towards developing a blockchain education ecosystem in Georgia. We believe that this collaboration will create opportunities for our students to learn from industry experts and gain practical skills that will enable them to contribute to the development of the digital economy."

💲Tether, announced today that it is investing resources into energy production and the launch of sustainable 🪙Bitcoin mining operations in 🇺🇾Uruguay, in collaboration with a local licensed company.

With this, Tether has expanded its reach from finance and communications to include the energy sector. Its goal is to become a global tech leader, and this latest initiative showcases Tether's commitment to energy innovation and the future of cryptocurrency. As part of this new venture, Tether is investing in renewable energy sources to support and promote sustainable Bitcoin mining—an essential component in upholding the world's most robust and secure monetary network. To accomplish this ambitious objective, Tether is actively seeking to augment its team by recruiting experts in the energy sector.

💬 "By harnessing the power of Bitcoin and Uruguay's renewable energy capabilities, Tether is leading the way in sustainable and responsible Bitcoin mining," stated Paolo Ardoino, CTO of Tether. "Our unwavering commitment to renewable energy ensures that every Bitcoin we mine leaves a minimal ecological footprint while upholding the security and integrity of the Bitcoin network. Tether is proud to spearhead a movement that combines cutting-edge technology, sustainable practices, and financial innovation."

🇺🇾 Uruguay has emerged as a global leader in renewable energy, achieving a remarkable 94% of electricity generation from renewable sources, predominantly wind and solar power. Blessed with abundant natural resources, Uruguay offers ideal conditions for the production of renewable energy, facilitating the establishment of wind farms, solar parks, and hydropower projects, guaranteeing a consistent supply of clean and environmentally friendly energy.

✔️ With its substantial investments in energy infrastructure, Uruguay boasts a robust and reliable grid system capable of meeting the demands of modern industries. This solid foundation provides the perfect platform for Tether to begin Bitcoin mining operations.

Introducing the USDTSCAN revenue representatives who play a key role in generating staking yields.

1️⃣ USDTSCAN, SCAN CO., LIMITED (Hong Kong):
USDTSCAN, SCAN CO., LIMITED is USDTSCAN's founder and revenue representative based in Hong Kong. The company specializes in conducting research on the cryptocurrency market and analyzing data related to volatile and non-volatile crypto assets. The company is actively looking for promising opportunities to generate profit based on its unique models and analytical tools. USDTSCAN, SCAN CO., LIMITED plays an important role in generating USDTSCAN's staking yield as the main financial representative.

2️⃣ USDTSCAN BLOCKCHAIN EXPLORER (UK):
Based in the UK, it is one of the key revenue representatives of USDTSCAN, providing a significant amount of funding for the company's bonus marketing. The main field of activity of the representative is dual-currency investments, and thanks to deep knowledge in this area, we effectively optimize processes and identify opportunities for generating profits. With its unique algorithms and technologies, USDTSCAN BLOCKCHAIN EXPLORER contributes to the sustainable growth of USDTSCAN's profits.

3️⃣ STAKING GREEN PTY LTD (Australia):
STAKING GREEN PTY LTD, based in Australia, is one of the successful profitable representatives of USDTSCAN. They specialize in staking and managing various profitable areas of the cryptocurrency industry. STAKING GREEN PTY LTD actively uses its knowledge and experience to ensure the optimal use of clients' assets, which leads to the generation of stable profits for the USDTSCAN company.

4️⃣ INSTANTCRYPTO (Canada):
INSTANTCRYPTO is an important revenue representative for USDTSCAN based in Canada. The main activity is the provision of financial reserves to over-the-counter crypto exchanges. The company uses advanced API technologies and algorithms to effectively optimize the use of funds from liquidity pools and maximize profits.

5️⃣ CRYPTO CENTER (Italy):
CRYPTO CENTER, based in Italy, is a profitable USDTSCAN representative specializing in cryptocurrencies and Blockchain development. CRYPTO CENTER provides valuable research and advice on using and generating profits from cryptocurrencies. Thanks to its knowledge and experience, CRYPTO CENTER is an important link in the success of USDTSCAN.

6️⃣ ARBITRAGE HOLDINGS LIMITED (New Zealand):
ARBITRAGE HOLDINGS LIMITED is based in New Zealand and is one of the key revenue representatives of USDTSCAN. The company specializes in arbitrage operations and optimization of the use of funds within various Blockchains. ARBITRAGE HOLDINGS LIMITED successfully applies its strategies and technologies to generate USDTSCAN profits by buying and selling cryptocurrencies through marketplaces and exchanges.

7️⃣ A BLOCK OF CRYPTO (Ireland):
A BLOCK OF CRYPTO based in Ireland is a profitable representative of USDTSCAN. This company uses cryptocurrency assets to provide payment systems with a reserve for the conversion and further purchase of goods and services in cryptocurrency for payment services and banks. The participation of A BLOCK OF CRYPTO in the yield of USDTSCAN is invaluable.

8️⃣ INVESTIMATE SA (Switzerland):
INVESTIMATE SA is based in Switzerland and is the revenue representative of USDTSCAN. They specialize in investment analysis and management of financial Stablecoin assets. INVESTIMATE SA helps to identify the most promising investment opportunities and ensures maximum returns for its clients.

USDTSCAN Revenue Representatives play a major role in providing staking yields and affiliate rewards to USDTSCAN Wallet users. Thanks to their unique knowledge, technologies and strategies, they optimize the use of assets and generate stable profits up to 0.4-0.5% per day.

✔️ The main goal of USDTSCAN Wallet by 2026 is to overcome the mark of 70+ profitable representatives that will bring stable and transparent profits to the USDTSCAN financial ecosystem.

🪙 Tether USD₮ Reaches All-Time High, Surpasses Previous Market Cap High of $83.2B

1 June, 2023 – Tether has surpassed its previous all-time market cap high of $83.2B set in May 2022.

💬 “Today’s numbers demonstrate that people want access to financial freedom, and when given that access, they will make use of it,” said Paolo Ardoino, CTO of Tether. “Tether tokens offer a safe harbor for the unbanked and allow people in emerging markets to keep their buying power, even when their national currency is being devalued. Between our battle-tested resilience in the face of market volatility and our industry-leading transparency practices, Tether has proven that it can be trusted, and customers are responding in kind.”

Tether has solidified its position as the preeminent stablecoin and pioneer for financial freedom and innovation. Since its creation in October 2014, Tether's USD₮ stablecoin has become the most traded cryptocurrency, surpassing all rival offerings together. Tether combines the benefits of digital currency, such as instant global transactions, with the stability of traditional currency.

📊 Tether's recent attestation further demonstrates its commitment to transparency and highlights its work in emerging markets as a safe haven from volatile markets. Moreover, Tether's Q1 performance has been remarkable, reporting a net profit of $1.48B, which has significantly bolstered its reserves. With approximately 85% of its investments in cash, cash equivalents, and other short-term deposits, along with a 20% increase in token supply quarter over quarter and ~2.5B in excess reserves (on top of the 100% minimum reserves), Tether has unquestionably established itself as a trustworthy entity with an extremely optimistic year ahead.

🌐 Tether remains committed to providing financial freedom and innovation to users worldwide, particularly in emerging markets. As a trusted stablecoin, Tether continues to lead the way in transparency, resilience, and accessibility to secure and stable digital currency.