October 14th, 2024
The approval comes under the Central Bank’s recently established Payment Token Service Regulation framework.
Tether’s USDT has become the most used digital dollar globally, particularly in economically unstable countries like Argentina and Turkey.
By merging CEX and DEX trading in one competition, Bybit seeks to foster adoption in ways previously unimaginable.
Some market analysts think that Tether could also implode like FTX, if not audited duly by third-party agencies. This implosion would likely be tied to its banking partners.
Tether and Sorted Wallet are mostly targeting Africa and Southern Asia markets where there is limited access to traditional banking services.
Despite the landmark ruling affirming that USDT is property, the court could not validate the plaintiff’s claim that Bitkub had actually received the stolen digital assets after they passed through crypto mixers.
Aave’s recent developments and market performance reflect a positive investor sentiment.
In terms of their reserve ratio, Binance has a ratio of 106.84% for its BTC assets, 103.68% for its ETH assets, DOGE for 100.09%, 112.82% for USDT, and 102.67% for its Solana (SOL) assets.
Altcoin Season Index reading indicated that it was still a Bitcoin season as most altcoins underperformed BTC.
The blockchain payment firm’s current focus is on ensuring that RLUSD launches successfully and without problems.