Tether Treasury's substantial transfer of USDT tokens to Bitfinex, valued at $229,956,875, has stirred interest within the crypto community. As the market reacts to Bitcoin's recent swings and Tether's significant move, the impact on overall market dynamics remains to be seen.
Cheng YuanDeputy Chairman of the State Duma Alexander Babakov suggested that the three countries should trade using a common digital currency.
LedgerinsightsTether, which is the largest stablecoin issuer by market capitalization, added its offshore Chinese Yuan (CNHT) to the Tron network.
OthersRussia is taking a step further by launching a national cryptocurrency trading platform to keep the asset class under official supervision.
CoinCultureThe country's central bank, Bank of Russia, has reportedly admitted that cross-border payments in crypto are inevitable in the present geopolitical conditions.
Others
Cryptocurrencies can be used in cross-border or international payments only if they don’t get into Russia’s domestic financial system, the Bank of Russia governor said.
CointelegraphWith a peso-backed stablecoin, Tether is essentially “recreating the foreign exchange market with a Tether product,” Ardoino said.
CointelegraphThe total USDC supply on Ethereum has surpassed that of Tether, making the USDT supply on Ethereum second for the first time.
CointelegraphPaolo Ardoino, chief technology officer, of Tether and Bitfinex, explains why USDT will retain its dominance in an increasingly competitive stablecoin market.
Cointelegraph