Tether Launches Bitnet AI for Smartphones
Tether unveils AI framework reducing VRAM use by 70%, enabling billion-parameter model training on smartphones, challenging Nvidia’s dominance. #Update #Tech
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Tether Retains Cash as USDC Dominates Crypto Transactions
Circle’s $USDC surpasses Tether’s $USDT in transfer volume for the first time, accounting for 64% of stablecoin transactions, signaling a shift in market dynamics. #Update #Crypto $USDC
Florida Stablecoin Bill Mirrors Big Brother
Florida Governor Ron DeSantis may sign a bill allowing state regulation of stablecoins, despite his previous opposition to CBDCs. #Update #Crypto
Stablecoin Risks Threaten Banks More Than Crypto
Regulatory uncertainty around stablecoins may disadvantage traditional banks more than crypto firms, as banks hesitate to deploy digital asset infrastructure amid unclear classifications. #Update #Crypto $USDC
MoonPay Launches Exodus Stablecoin Bonus
Exodus offers MoonPay X Games athletes $2,500 signing bonuses in stablecoins via Exodus wallet, highlighting crypto’s role in sports payments. #Update #Crypto
JPYC Stablecoin Gains Metaplanet Investment
Metaplanet Inc. announces a Letter of Intent to invest $2.5M in JPYC Inc. to enhance Japan’s digital settlement infrastructure. #Update #Finance
Stablecoin Tax Threat Sparks Industry Outcry
Brazil’s fintech groups warn that extending the financial transaction tax to stablecoins could hinder innovation and violate legal frameworks, representing over 850 companies in the sector. #Update #Legal $USDT $USDC
Bank of England Eases Stablecoin Rules
The Bank of England may ease stablecoin regulations after industry feedback on proposed holding limits, considering alternative measures to manage financial stability risks. #Update #Crypto
Digital Dollar Surges as Circle Nears Tether
Tether’s $USDT maintains a 58% market share with $186B circulation, while $USDC grows to $79B after 72% annual growth, signaling a shift in stablecoin dynamics favoring regulated payments. #Update #Crypto $USDC
Stablecoin Economy Surges to $315B Milestone
Stablecoin economy surpasses $315B with @Circle’s USYC leading gains, rising 13.9% in a week. Top 10 stablecoins hold 94% market share. #Update #Crypto
USDC Surpasses USDT Volumes for First Time
Circle’s $USDC surpasses $USDT in transaction volumes for the first time since 2019, prompting Mizuho to raise its price target to $120. #Update #Crypto $USDC
Digital Dollar Launch Blocked Until 2030
The U.S. Senate has passed an amendment banning the Federal Reserve from issuing a Central Bank Digital Currency (CBDC) until 2030, citing concerns over government financial control; stablecoins remain unaffected. #Update #Crypto
Stablecoin Growth Backed by Druckenmiller
Billionaire Stanley Druckenmiller sees stablecoins as the future backbone of finance, predicting widespread adoption in 10-15 years while dismissing most other crypto assets. #Update #Crypto $USDC
Binance Bans Peso Stablecoin Operations
The Argentine CNV classified the peso-linked stablecoin argt as a security, blocking operations by Twin Finance and Belo. #Breaking #Legal