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Tether to launch stablecoin pegged to UAE dirhamTether, a leading stablecoin issuer, has announced plans to create a new stablecoin linked to the United Arab Emirates dirham (AED). Tether CEO Paolo Ardoino highlighted the UAE’s role as a “vital global economic hub” and said the stablecoin could be used to secure and secure AED applications, such as cross-border payments and asset diversification. The company said it will cater to companies and individuals seeking efficient transactions.Ardoino emphasized that the new stablecoin aims to leverage blockchain technology while providing benefits related to AEDs.He added, “The United Arab Emirates is becoming an important…

Litecoin price fell below $63 on August 22, 2024, dropping 8% during the fourth consecutive day of decline. On-chain data highlights profit-taking among short-term traders as the main bearish factor behind the ongoing LTC correction. Litecoin rises 8% on Russian rally As the crypto market recovers from the August 5th crash, Litecoin and XRP soar to the top of the charts. XRP benefited from a favorable ruling in the Ripple vs. SEC case, while LTC, one of the top five largest proof-of-work (PoW) projects, legalized crypto mining around August 8th. This was boosted by a new Russian law. Litecoin price…

Litecoin’s on-chain transaction volume more than doubled, reaching 412 million LTC transferred in one week, exceeding $26.5 billion. Litecoin has achieved 62 million transactions in seven months and is on track to surpass last year’s total transaction count. Jay, director of the Litecoin Foundation, highlighted a fairly significant increase in Litecoin’s on-chain activity. Over the past year, Litecoin’s on-chain transaction volume has more than doubled and nearly tripled. Litecoin’s on-chain activity is incredible. The amount of on-chain on the network has more than doubled in the last year. From 196 million LTCs moved on-chain (week of August 14, 2023) to…

According to on-chain data, Litecoin transaction volume has more than doubled in the last year, a potentially positive sign for the network. Litecoin trading volume has shown a steady increase recently Litecoin Foundation Director Jay Mira discussed the growth in on-chain activity that LTC has witnessed in a new post on X. The metric of relevance here is “trading volume”, which tracks the total amount of cryptocurrencies involved in the transfer. As the value of this metric increases, it means users are moving more tokens around the network. These trends mean that interest in the use of blockchain is increasing.…

Stablecoin issuer Tether has revealed plans to develop a new stablecoin pegged to the United Arab Emirates dirham (AED).Tether CEO Paolo Ardoino called the UAE “an important global economic hub” and said in a statement shared with Decrypt that the new stablecoin will be “secure and secure in the UAE dirham. It is aimed at businesses and individuals looking for efficient means of trading. It includes cross-border payments, transactions, and asset diversification.In a press release, the company outlined plans to collaborate with UAE-based technology conglomerate Phoenix Group PLC and Green Acorn Investments Ltd. to launch an as-yet-unnamed stablecoin. did.The proposed…

On August 21, Tether, the stablecoin issuer behind USDT, announced plans to introduce a new stablecoin pegged to the United Arab Emirates dirham (AED). The upcoming stablecoin was developed in collaboration with UAE-based technology conglomerate Phoenix Group PLC and with support from Green Acorn Investments Ltd, and is part of Tether’s growing stablecoin portfolio. It is the latest addition to the portfolio. Tether’s stablecoin lineup includes currencies pegged to USDt (pegged to the US dollar), EURT (pegged to the euro), CNHT (pegged to the Chinese Yuan), MXNT (pegged to the Mexican peso), and XAUT (pegged to the Mexican peso). It…

DUBAI, Aug 21 (Reuters) – Cryptocurrency firm Tether on Wednesday announced a new stable pegged to the United Arab Emirates (UAE) dirham, aiming to tap demand for the Gulf currency and offer an alternative to the U.S. dollar. They announced that they would be issuing coins.Stablecoins are digital tokens designed to maintain a constant value and are backed by traditional currencies such as the US dollar or the euro. These are rapidly growing as a payment method and among traders who want to buy and sell cryptocurrencies such as Bitcoin outside of the regulated banking system.Tether operates the world’s largest…

How to Choose an Exchange to Buy and Trade Litecoin It’s not just about finding the lowest fees; you also need to consider security, payment methods, liquidity, and user experience. Each of these elements can significantly impact your trading efficiency and overall satisfaction with the platform. Payment Methods Exchanges offer various payment methods, including bank transfers, credit/debit cards, and even PayPal or other e-wallets. The availability of these methods can greatly influence your trading experience. Consider an exchange that supports the payment method you prefer, ensuring it is convenient, quick, and cost-effective for deposits and withdrawals. Security Security should be…

Litecoin price hit a 14-day high of $68 on August 18th, reflecting a 37% rebound from the monthly time frame low recorded on August 5th. On-chain data trends suggest early profit-taking. How will LTC react next week? Litecoin breaks above $65 resistance. Over the past two weeks, Litecoin has been a standout performer among the top 20 ranked cryptoassets. The recent legalization of crypto mining in Russia appears to be one of the main catalysts behind the rise in LTC. Litecoin Price Analysis LTCUSD | TradingView Investor sentiment towards Proof-of-Work coins like LTC has improved significantly since the announcement of…

The prices of both XRP and Litecoin (LTC) are becoming increasingly volatile. Despite the recent hype regarding XRP’s SEC lawsuit, XRP has struggled below a major support level, with the cross-border cryptocurrency rising 19%. On the other hand, the price of Litecoin, although down 8% in 30 days, shows some resilience with a positive trend. Meanwhile, the pre-sale of Rollblock’s new cryptocurrency attracted overwhelming attention from investors, raising over $2.2 million in just a few weeks. At a price of $0.021 per RBLK token, early investors have already secured over 100% return on their RBLK holdings. RBLK could rise another…