Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With Stablecoins

Celo Cements Its Stablecoin Allegiance: Transaction Fees Now Can Be Paid With StablecoinsCelo, a low-fee, usability-focused blockchain network, has approved a proposal to allow transaction fees to be paid with stablecoins. Network users can now transact only by holding USDC in their wallets, abstracting the complexity of holding other tokens. This also benefits newcomers, making it easier for them to make transactions. Celo Aims for Usability in […]

Go to Source

Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate

According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with smuggling hitting unprecedented levels. Additionally, there is a growing interest among […]

Go to Source

Tether Assists US Government in Seizing $1.4 Million From Unhosted Wallet

Tether Assists US Government in Seizing $1.4 MIllion From Tech Scheme Linked Unhosted WalletTether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, announced that it helped the U.S. government to seize $1.4 million linked to an alleged fraud scheme. According to the Northern District of Illinois U.S. Attorney’s Office, the seizure marks one of the first times that the U.S. has recovered […]

Go to Source

Tether Launches USDT on Celo Targeting Increased Usability

Tether to Launch USDT on Celo Targeting Increased UsabilityTether, the company behind the issuance of USDT, the largest stablecoin in the cryptocurrency market, has announced the launch of its currency on Celo, an EVM-compatible blockchain. Paolo Ardoino, CEO of Tether, stated that this move was focused on enhancing the “usability and accessibility of Tether for millions of people.” Tether Announces USDT’s Launch on […]

Go to Source

FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth

FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply GrowthStatistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD holds the fourth position in terms of 24-hour global trading volume. FDUSD Claims Fourth Spot Among Stablecoin Titans In the realm of U.S. dollar-pegged cryptocurrencies, […]

Go to Source

Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge

Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market's SurgeAs the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric Rise Tether (USDT), the top fiat-linked digital […]

Go to Source

Global BTC Trading App Strike Launches ‘First Fully-Featured Region Outside the US’

The fiat and bitcoin payments app, Strike, has launched its “first fully-featured region outside the U.S.” According to Jack Mallers, the founder and CEO of Strike, the African continent presents “immense opportunities for financial innovation and economic freedom.” High Inflation and Costly Remittances Render Africa a Favorable Market for Strike Strike, a payments app supporting […]

Go to Source

Lemon Report: Argentina Leads Crypto Adoption in Latam; Tether Dominates Stablecoin Sector

Lemon Report: Argentina Leads Crypto Adoption in Latam; Tether Dominates Stablecoin SectorArgentina is leading the adoption of cryptocurrency in Latin America. According to a report titled “Argentina Crypto Capital,” produced by Lemon, a leading exchange in the country, four of every ten cryptocurrency apps in Latam are being used by Argentines, with over 70% of the deposits processed by the exchange corresponding to USDT, Tether’s dollar-pegged […]

Go to Source

Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions

Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative way.” The Nigerian Currency’s Woes Some Nigerian users of Binance’s peer-to-peer (P2P) platform have […]

Go to Source

Former NFL Star Russell Okung’s Crypto Adoption Comments Ignite Bitcoin vs. Stablecoins Debate

Former NFL Star Russell Okung Crypto Adoption Comments Ignite Bitcoin vs Stablecoins Dilemma For Emerging MarketsComments on Lightning Network adoption, made by Russell Okung, a former NFL star who is among the first to receive part of his salary in crypto, sparked a discussion that highlighted the opposing opinions of the crypto community about the usage of bitcoin and stablecoins in emerging markets. Russell Okung Ignites Discussion on Bitcoin vs. […]

Go to Source