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Tether, which operates the world’s largest stablecoin with a market capitalization of about $120 billion, is considering extending credit to commodity trading companies. Bloomberg reported this, citing people familiar with the matter. CEO Paolo Ardoino admitted that the company is looking into this area but is in the early stages. While the biggest traders, such as Trafigura and Mercuria, have major credit facilities from banks, smaller traders can sometimes struggle to fund shipments of goods. These small businesses are also at higher risk. According to a report from Bloomberg, Tether is also considering the use of stablecoins for trade payments.…
Tether is reportedly in the early stages of discussing USD financing opportunities with commodity traders. Posted on October 15, 2024 at 6:03 AM ET. Stablecoin issuer Tether is reportedly considering a move to traditional finance. One way the company plans to do so is potentially lend out billions of dollars in profits to commodity traders. Tether is meeting with multiple commodity trading companies to discuss U.S. dollar financing opportunities, Bloomberg reported Monday. One of Tether’s big selling points was the use of USDT for more mainstream commodity trading. Stablecoins pegged to the value of the US dollar could be a…
Cryptocurrencies that focus on growing sectors like artificial intelligence, the metaverse, or e-commerce have better chances for development. For example, EarthMeta, a project in the metaverse, offers a platform where users can have digital real estate assets. When evaluating the success of a cryptocurrency project, the size of the market it targets is important. Fast-growing sectors like the metaverse or AI attract a large audience interested in new technologies. These fields are growing, creating opportunities for cryptocurrencies to grow with them. The metaverse, for example, allows people to interact, trade digital goods, or even work in virtual spaces. Cryptocurrencies help…
Crypto enthusiasts are buzzing as analysts predict a significant rise in XRP, with predictions that it could reach $10, an astonishing increase from its current price. At the same time, attention is turning to low-cost alternatives to Cardano, which are expected to soar significantly to $15 by 2025, hinting at the potential exponential growth of the market. Adding to the excitement, XYZVerse has emerged as a pioneering all-sports meme coin, uniting fans of various sports and aiming for unprecedented success through a unique blend of meme culture and community engagement. Score big on XYZ: The new meme coin heavyweight The…
Cover image (from U.Today) Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. Financial and market information provided on U.Today is for informational purposes only. U.Today is not responsible for any financial losses incurred while trading cryptocurrencies. Please contact a financial professional and conduct your own research before making any investment decisions. Although we believe all content is accurate as of the date of publication, certain offers mentioned may not be currently available. Yesterday, the Bitcoin (BTC) price showed an impressive result, rising 5.11% to $66,500, but more importantly, this rally…
MiCA bans Tether USDT in Europe and reshapes the stablecoin landscape. This European Union crypto law will have a major impact on the cryptocurrency market. It is changing the market share and trading volume of stablecoins.Let’s take a look at these situations to better understand them. Scroll down for more helpful information from the Kaiko research team.Also read: How to become a millionaire if SHIB hits $0.00075 and $0.0075Analyzing the impact of MiCA’s stablecoin regulations on the virtual currency marketMiCA-compliant EUR stablecoin risesMiCA-compliant EUR stablecoins currently hold 67% market share, which is a significant share. At the time of writing…
RLUSD mint value surged to $47.4 million, 73.4% of which was made on the XRP Ledger. Ripple is actively testing RLUSD’s transaction capabilities through large-scale transfers. Analysts predict that the launch of RLUSD could boost XRP, although concerns about its role persist. Excitement regarding the launch of the RLUSD stablecoin is stirring the XRP community as Ripple approaches the announcement of this long-awaited project. XRP enthusiasts are speculating that stablecoins could drive the price of XRP higher, as Ripple CEO Brad Garlinghouse confirmed that new stablecoins will be coming to market soon. Although the exact launch date remains elusive, recent…
Top international Web3 players will be hosting the India Blockchain Week (IBW) to be held in Bangalore from November 30 to December 8, 2024 to foster purposeful collaboration with the Indian innovation ecosystem. ) to participate. Returning this year with over 100 exciting events, IBW is the country’s first multi-chain platform to drive mass adoption of blockchain innovation across industries. Events include the flagship IBW Conference, IBW Chain-Agnostic Hackathon, IBW Web3 Demo Day, ETH India Hackathon, and more, bringing together the Web3 ecosystem’s brightest minds and policymakers to explore borders and borders. Create an environment that fosters cross-border partnerships. .…
As for companies, Super Micro Computers (SMCI -0.86%) and Dell Technologies (DELL 0.48%) were both once thought to have low-growth traditional server sales. But in recent years, its exposure to the rapidly growing AI market has improved its financial performance, which has also boosted its stock price. Over the past three years, Super Micro Computer’s stock price, known as Supermicro, has increased 1,230% as it sold more dedicated AI servers. Dell’s stock price rose more than 140%, thanks in part to the company’s rollout of more AI servers. Image source: Getty Images. Supermicro is growing much faster than Dell, but…
RCO Finance (RCOF) has been making waves in the market due to its features that set it apart from other altcoins such as Dogecoin (DOGE). Also, as part of its efforts to improve the DeFi market, RCOF is designed to incentivize users to hold tokens.RCO Finance’s main focus is a unique robo-advisor based on crypto AI created to improve trading and investing. This tool is different from other systems in that it relies on real-time machine learning to assess market trends and provide trading advice that is available to everyone, not just the financially savvy.Robo-advisors develop investment portfolios for their…