Bitcoin Adoption Soars Venezuela Embraces USDT
Venezuela shifts internal disbursements to $USDT amid dollar volatility; OranjeBTC rises as Latam’s largest Bitcoin treasury. Argentina negotiates $20B lifeline with the U.S. #Update #Crypto $USDT
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Ethereum: SWIFT Launches Stablecoin Token with Linea
SWIFT collaborates with Linea to test onchain messaging and develop an interbank settlement token, marking a significant move towards blockchain integration in global finance. #Update #Blockchain
Tether Attracts Multibillion-Dollar SoftBank ARK Investment
SoftBank and ARK Invest are in talks to join Tether’s $15-20 billion funding round, valuing it at $500 billion, highlighting institutional interest in stablecoin infrastructure. #Update #Stablecoin $USDT
Tether Secures $15B Funding from SoftBank Ark
SoftBank and Ark Invest are potential investors in Tether’s $15 billion funding round, indicating significant institutional interest in the stablecoin market. #Update #Crypto $USDT
Tether Secures Massive Funding with SoftBank
Tether seeks $15-20B for a 3% stake, valuing it at $500B. SoftBank and Ark Invest may participate, pushing Tether into mainstream finance. #Update #Crypto $USDT
Stablecoin Market Cap Forecast Hits $4T
Citi projects stablecoin market cap to reach $4 trillion by 2030, up from previous forecasts, citing strong sector growth; stablecoin settlement exceeds $18 trillion annually. #Update #Crypto $USDC
SWIFT Launches Stablecoin Pilot on Linea
@SWIFT has chosen Ethereum layer 2 platform @Linea for blockchain transaction tests, planning a stablecoin launch to rival @Ripple. Major banks are involved in this pilot, marking a significant shift in cross-border payments. #Update #Crypto $XRP
Tether Fundraising Attracts Softbank Ark Investors
@SoftBank and @ArkInvest are in talks to invest in Tether, which aims to raise up to $20 billion, valuing the firm at $500 billion amid a booming stablecoin market. #Update #Crypto $USDT
Tether USDT Channels $8B to Evade Sanctions
A network of crypto wallets linked to Russian state entities moved over $8 billion in digital assets, primarily using $USDT, to evade sanctions, per a report from @Elliptic. #Update #Crypto $USDT
Tether Issues Record 9 Billion USDT September
Tether issued a record 9 billion USDT in September, boosting its market cap to over $173.5 billion and reserves on exchanges to an all-time high of 48 billion, indicating potential market moves. #Update #Crypto $USDT
Tether Targets $500B Valuation with Ark Invest
@Tether is pursuing a major funding round, seeking $15-20B for a 3% stake, potentially valuing the firm at $500B. @SoftBank and @ArkInvest are in talks to invest. #Update #Crypto $USDT
Stablecoin Lending Markets Integrate PayPal USD
@PayPal partners with @Spark to enhance PYUSD liquidity, achieving over $135 million in deposits on its DeFi lending protocol. #Update #Crypto $PYUSD
Stablecoin Launches for AI-Driven Internet Economy
@Cloudflare is launching a U.S. dollar stablecoin, NET Dollar, to facilitate transactions for AI agents, aiming to modernize online payments and move away from ad-driven models. #Update #Crypto $USDC
Binance Launches KRW Stablecoin in Korea
SUI blockchain and t’order are launching a KRW stablecoin for seamless, low-cost payments in Korea, targeting small businesses to save $100M annually. #Update #Stablecoin $SUI