Tether is a cryptocurrency that is backed by the U.S. dollar. It is a digital asset that is designed to be a stable coin, meaning it is designed to hold its value at a 1:1 ratio to the U.S. dollar. It was created in 2015 and has become one of the most popular cryptocurrencies in the world. Tether is used to buy and sell cryptocurrencies on many exchanges. It is used to facilitate trading between different cryptocurrencies, and has become an important part of the cryptocurrency ecosystem.
Published by Benzinga Tether Group, the issuer of stablecoin Tether (CRYPTO: USDT), is buying thousands of Nvidia (NASDAQ: NVDA) H100 GPUs for $420 million. The deal includes a 20% stake in German-listed bitcoin miner Northern Data, which intends to rent the chips to artificial intelligence (AI) startups. Tether will acquire 10,000 GPUs through an Irish […]