đTether’s taking a giant leap into Georgia’s thriving #crypto scene! đ Partnering with CityPay.io, they’re pushing boundaries and strengthening crypto adoption! Stay tuned to see the ripple effects of this game-changing move. đ„#TetherInGeorgia #CryptoNewsLand
đ Tether takes a bullish leap! The stablecoin issuer announces plans to invest up to 15% of its profits into Bitcoin. A significant boost for Bitcoin? #Bitcoin #Tether
The most recent crypto dump may not be the last for Bitcoin, as another wave of FUD may cause the market to plummet further soon.
FTX invested $11.5 million in the parent company of Farmington State Bank. This bank only has one branch and three employees.
The biggest stablecoin, Tether, has generated speculations since it hasn’t made its underlying paperwork available to the public.
With its cryptocurrency adoption, the Swiss city of Lugano aims to become the crypto capital of the whole of Europe.
Report from Arcane Research shows stablecoin USDC to be the top soon. USDCâs growth rate increased by 70%, while USDT is down by 28.7%. The CEO of Blockstream criticized the report, saying looking at market cap only is âhighly misleading.â USDT (Tether) and USDC (USD Coin) are the two largest stablecoins right now. Both stablecoins have a combined share of over 80% of the total stablecoin supply in the market. Currently, Tether USDT is sitting at the top for it holds over 50% of the total stablecoin supply, followed by USDC which was nearly at 30%. However, a report from
Paolo Ardoino said hedge funds are shorting USDT with the hopes of recreating TerraUSDâs demise. He asserts USDT is 100% backed by the companyâs US dollar reserves. Leading US dollar-based stablecoins are still changing hands at $1 per piece. It appears the stablecoin crucible has still not ended with TerraUSD (UST), as Tether CEO Paolo Ardoino revealed that Tether USD (USDT) is now the next target of hedge funds. In the thread, Ardoino mentioned USDT/USD perpetual futures as one of the âtoolâ for the attack. Other strategies include short-selling of the borrowed USDT in the spot market, as well as
USDT became the go-to-place of crypto investors to avoid the bearish market. Investors maximize their profit by staking USDT. Tether (USDT) became the go-to-place of the crypto community to avoid the wild market swings of the bearish market. Consequently, USDT is now once again the most talked about digital asset in the crypto world as it continues to increase its market capitalization. The recent market crash due to a series of unfortunate events triggered the market cap surge of USDT. Furthermore, USDT provides not just a safe place for the crypto community but it also allows investors to earn. This
