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Tether (USDT / ZAR)
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Tether is a cryptocurrency stablecoin launched by Tether Limited Inc. in 2014.
As of August 1, 2024, Tether reported having $118.4 billion in reserves, including $5.3 billion in excess reserves. In the second quarter of 2024, the company achieved profit of $1.3 billion, contributing to a total profit of $5.2 billion for the first half of the year. Tether Limited also disclosed a net equity of $11.9 billion, and the stablecoin's market capitalization exceeded $114 billion.
Tether faces criticism regarding the transparency and verifiability of its claimed fiat reserves.
Tether is the largest cryptocurrency in terms of trading volume, holding 70% of the market share among stablecoins. In 2019, it surpassed bitcoin to become the most traded cryptocurrency globally. As of July 2024, Tether has more than 350 million users worldwide.
Tether Limited is owned by iFinex, a company based in the British Virgin Islands which also operates the Bitfinex cryptocurrency exchange. As of January 2024, Tether's official website lists fourteen protocols and blockchains on which Tether has been minted. Wikipediaเกี่ยวกับ แรนด์แอฟริกาใต้
The South African rand, or simply the rand, is the official currency of South Africa. It is subdivided into 100 cents, and a comma separates the rand and cents.
The South African rand is legal tender in the Common Monetary Area member states of Namibia, Lesotho, and Eswatini, with these three countries also having national currencies: pegged with the rand at parity and still widely accepted as substitutes. The rand was also legal tender in Botswana until 1976 when the pula replaced the rand at par.
The rand is legal tender in Zimbabwe as part of its multiple currency system, which also includes other currencies such as the Euro, the Pound Sterling, the US dollar, and the Zimbabwean ZiG. Wikipedia