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Stablecoins are a class of cryptocurrencies that are pegged to a stable value, such as the US dollar. The market capitalization of stablecoins has ballooned into the hundreds of billions of dollars, and with it comes the noise surrounding this relatively new asset class. Since the stablecoin industry is still in its infancy, we would like to explain how these innovative products work, the benefits they offer compared to existing payment rails, and how they differentiate among the stablecoins currently on the market. There is a misunderstanding. Here, we address seven of the biggest misconceptions about stablecoins and get to…

As the broader crypto market recovers, altcoins such as Tron (TRX) and Litecoin (LTC) have posted modest gains due to selling pressure from whales. Notably, these whales are moving towards RCO Finance (RCOF), an emerging Ethereum token that has shown potential to surpass Dogecoin (DOGE). Why are holders of top TRON (TRX) and Litecoin (LTC) wallets migrating to RCO Finance (RCOF)? Let’s find out! TRON’s Flatline in a Week: What’s Next? TRON has underperformed over the past 7 days. On September 18th, TRX hovered around $0.1497, before rising sharply on September 19th. TRON is now accepting applications for HackaTRON Season…

On August 20, 2024, the Financial Services Regulatory Authority (FSRA), the financial services regulator of the Abu Dhabi Global Market (ADGM), announced its Consultation Paper No. 7 (CP7) of 2024 on the Proposed Regulatory Framework for Issuance of Financial Services. announced. A fiat-backed stablecoin, or what CP7 calls a “Fiat Reference Token” (FRT). The proposed FSRA regulations come at a time when major players in the stablecoin industry are showing strong interest in the UAE. The purpose of this briefing note is to provide an overview of FSRA’s proposed rules and address some important questions commonly raised by prospective issuers.…

Robinhood Markets and Revolut reportedly did not make their stance clear when asked about media reports that they are considering issuing a stablecoin. Asked about the Bloomberg report, a Robinhood spokesperson said the company has “no imminent plans to launch this service,” while a Revolt spokesperson said the stablecoin story Without confirmation, it said it plans to “further grow” its suite of crypto products. , Bloomberg reported on Thursday (September 26). In the same report, Bloomberg said unnamed sources said Robinhood and Revolt are considering issuing their own stablecoins. The report added that Robinhood and Revolt are considering the idea…

The payments landscape in emerging markets is changing rapidly, and global companies with relevance to or wanting to expand into these markets are turning to stablecoins to grow and remain competitive. Must be adopted. Stablecoins are a proven crypto success story, with approximately $160 billion in capital and over $10 trillion in annual payments. Its rapid adoption speaks to its important role in meeting financial challenges in a globalized economy. Within the global economy, stablecoin adoption is most notable in emerging market countries. Local consumers are already aware of their benefits, stablecoins are an essential part of daily transactions and…

Bloomberg: Robinhood and Revolut may issue their own stablecoinsFintech giants Robinhood and Revolt are reportedly considering entering the stablecoin market. This is in light of new European regulations that are believed to shed much-needed light on the sector.Both Robinhood and Revolt are reportedly considering issuing their own stablecoins to participate in the increasingly attractive market dominated by Tether’s USDT, according to a report from Bloomberg. USDT currently boasts a market capitalization of over $119 billion.Tether has benefited greatly from the turbulent macroeconomic environment and cryptocurrency market volatility over the past few years. The banking crisis, along with a regulatory crackdown…

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Tom Jones, a veteran of four Space Shuttle missions spanning 11 years, thought deeply about the mysteries of alien spacecraft before joining the U.S. Space Agency. He said he had solved the mystery of the “Tether Incident.”The story was about an artificial satellite tethered to a space shuttle breaking down.Photographs later taken by astronauts said onlookers said it appeared to be a swarm of hundreds of UFOs, appearing like creatures swimming in the ocean.But conspiracy theorists will not be satisfied that Mr. Jones has “conclusively proven” what the astonishing sight was.In a 2016 “Ask an Astronaut” column for Smithsonian Aeronautics…

JACKSON COUNTY, MI – A woman who admitted to dropping an incendiary device on a man’s home is wanted by police after she failed to appear in court for sentencing.A judge issued a bench warrant for Sandelia Lee Irvin on Sept. 19 after the Probation Department notified the court of Irvin’s disappearance, according to court records.Irvin, 25, was free on bail and scheduled to be sentenced on September 19th on various felonies related to the incendiary bombing.Instead, a Probation Department official attended the hearing and informed the court that the office had discovered that Mr. Irvin had severed his GPS…

Bitcoin company Swan alleges in a lawsuit filed Wednesday that former employees of the company, including former executives, conspired to carry out a “rain and hell” scheme to usurp the company’s Bitcoin mining operations.The company further claims that the scheme was backed by crypto giant Tether, which is responsible for issuing USDT, the industry’s largest stablecoin by market capitalization.In addition to stealing vendors and business partners, the former employees also stole “highly proprietary code” from Swann’s Bitcoin mining monitoring software, the complaint filed in the U.S. District Court for the Central District of California alleges. claims. Swan Bitcoin said its…