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Following the European Union’s new regulatory framework, Algorand is playing a leading role in the European crypto market. They recently introduced two MiCAR-compliant stablecoins: $EURD and $USDCa. The launch of these stablecoins will provide European users with a fully regulated and secure digital asset option. This will be done under the Crypto Asset Market Regulation (MiCAR). This comes as the European Union ramps up efforts to harmonize digital asset rules for stablecoin issuers. This will ensure a more robust and transparent framework for digital asset transactions between member states.- Advertisement – Algorand users in Europe can now use MiCAR-compliant stablecoins…
In a recent interview with Fox Business, Tether CEO Paolo Ardoino confirmed that the USDT stablecoin is 104% backed. This means that the value of collateral held by companies is significantly higher than the total supply of stablecoins. Ardoino told Fox Business that ensuring the security of stablecoin products remains the company’s “top priority.” According to data provided by CoinGecko, USDT’s market capitalization is currently approaching the $120 billion level. Back in 2021, the company was fined $41 million by the CFTC for making misleading statements about its reserves. related The company issues certificates quarterly to reveal its reserves. Last…
Two weeks ago, Dogecoin (DOGE) was priced at $0.13, fueling speculation that the meme coin was heading back to its yearly highs. However, Dogecoin’s ambitions to achieve that value are fading as Dogecoin’s price has fallen by 8.86% in the past seven days. This change has caused concern among DOGE investors who initially thought the uptrend would erase the losses they had endured for months. Contrary to these expectations, this analysis revealed that the cryptocurrency may continue to decline before a major breakout. Dogecoin investors abandon coin for now On Monday, October 7th, Dogecoin’s open interest was $1.35 billion. Open…
Disclosure: This article does not represent investment advice. The content and materials published on this page are for educational purposes only. As Lunex Network’s pre-sale heats up, Solana and XRP fall amid broad-based downward momentum. XRP price has fallen over 10% after its recent breakout attempt. This price slump has sparked debate over the altcoin’s future value prospects, especially as the market as a whole continues to see downward momentum. Parallel to this is the heated debate in Solana regarding the status of decentralization. Meanwhile, the Lunex Network (LNEX) cross-chain exchange has seen a large influx of investors. Here’s why:…
Tether, a leading stablecoin issuer, is celebrating USDT’s 10th anniversary with the release of a new documentary film focused on inflation. An upcoming film titled “Stability and Freedom in Chaos” will promote Tether’s role in countries dealing with inflation, including Argentina, Brazil and Turkey. The documentary teaser shows various experts and small business owners from these countries discussing the harsh effects of inflation and how saving USDT and paying with stablecoins can help. It is being shown. Tether CEO Paolo Ardoino said the company’s goal is to provide financial inclusion to people who are excluded from the traditional banking system…
According to British multinational bank Standard Chartered, Solana (SOL) is predicted to outperform Ethereum (ETH) in 2025, ETH is predicted to outperform Bitcoin (BTC), and Donald Trump If he wins the US presidential election, he predicts that the price of SOL will increase five times.Jeffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered, introduces new valuation metrics for layer 1 blockchains with a particular focus on Solana and Ethereum, and says that regardless of who wins, Bitcoin said it expects to reach $200,000 by the end of 2025. election.According to Kendrick, Solana is currently valuing significantly higher than…
Although the Chinese government has officially banned cryptocurrencies for years, this does not prevent many citizens from trading cryptocurrencies and allows Chinese investors to influence the crypto market. is. The latest example is Tether. Its USDT stablecoin is pegged to the dollar, but has recently been trading at a slight discount. The reason, some economists say, is that Chinese investors are cooling down on cryptocurrencies and are instead putting their money into the country’s stock market.According to CoinMarketCap, USDT has been consistently trading below the US dollar price since late September. The decline was very slight, with Tether trading at…
WadzChain Network has introduced a hybrid blockchain designed to transform global payments for enterprises. WadzChain’s platform has the capacity to process up to 10,000 transactions per second (TPS) and is designed to meet the needs of diverse payment scenarios, from micro-payments to high-volume transfers. The platform supports multiple digital assets and is compliant with global regulations, allowing businesses to seamlessly process cross-border payments while integrating CBDC.WadzChain Network has launched one of the world’s first hybrid blockchains with the aim of reshaping the global payments landscape for enterprises. The company’s blend of scalability, security, and cost-effectiveness has positioned it as a…
Today, October 8, Crypto.com reported that it has filed a lawsuit against the U.S. Securities and Exchange Commission to challenge what it calls the agency’s overreach in regulating the cryptocurrency industry. The company aims to challenge the SEC’s authority and its enforcement methods and protect the future of cryptocurrencies in the United States. demanded a jury trial.This legal action follows a Wells notice of potential enforcement action that Crypto.com received from SEC staff. The company claims the SEC is going beyond its legal obligations and engaging in unauthorized enforcement regulation. This move brings Crypto.com into line with other industry companies…
Stablecoin issuer Tether has unveiled a 10-year roadmap aimed at launching new tokens to foster financial inclusion and innovation in areas such as AI, energy sustainability and blockchain education.The strategy outline, announced during the company’s 10th anniversary event, strengthens Tether’s dominance in the stablecoin space.Promoting financial inclusionTether plans to focus on expanding its core stablecoin over the next 10 years. Its flagship stablecoin, USDT, remains the largest USD-pegged stablecoin, with a market capitalization approaching $120 billion.The digital asset’s user base has surged 24% over the past year, from 282 million in October 2023 to 350 million today. Additionally, Tether is…