Stablecoins have transformed financial access in emerging markets, becoming essential tools for millions seeking stability in volatile economies, according to a recent research report. The report, Stablecoins: The Emerging Market Story, was sponsored by Visa and developed in collaboration with Allium Labs and Castle Island Ventures. It revealed that stablecoins…
Tether is teaming up with TRM Labs and TRON to form a “T3 Financial Crime Unit” to combat the illicit use of its USDT stablecoin on the TRON blockchain, according to a Sept. 10 statement shared with CryptoSlate. Over the past year, global authorities have raised alarms about the illegal…
As regulatory frameworks strengthen across the region, exchanges like OKX are seizing new opportunities. At the same time, India is rethinking its stance on global platforms, and Japan is moving toward more favorable tax treatment for crypto investors. OKX Secures Key License for Singapore Expansion On September 5, OKX, one…
This week’s roundup covers Mexico’s investigation into iris-scanning project Worldcoin, MicroStrategy CEO’s speech in Argentina, and more. María Corina Machado Proposes Bitcoin as Venezuela’s Reserve Asset María Corina Machado, leader of Venezuela’s opposition to Nicolás Maduro’s government, has introduced a bold proposal to tackle the country’s economic crisis: adopting Bitcoin…
This week’s roundup notes that Brazil’s government has banned X (formerly Twitter) due to its non-compliance with local regulations. Meanwhile, Chile has initiated a legal battle against Worldcoin due to concerns over biometric data, among other updates. Bitcoin Adoption in El Salvador: Progress or Setback? El Salvador’s President Nayib Bukele…
If blockchain platforms can solve the pain points of traditional finance, they can acquire a lion’s share of the payment industry. Binance Research Talks About Advantages of Blockchain Today’s payment industry relies heavily on an analog and cumbersome infrastructure. Limited banking hours and numerous intermediaries further compound their inefficiencies. Globally,…
Meanwhile, there is a flurry of new blockchains being introduced in the crypto ecosystem, often without clear use cases. Tether CEO Believes Blockchains Are Just Transportation Layers Paolo Ardoino, the CEO of Tether, expressed his perspective in an interview with Bloomberg. “We are very good in technology, but I think…
Stablecoins have become a key sector in the crypto space, with Tether’s USDT leading in revenue generation, earning $93.75 million. Tether has partnered with Phoenix Group PLC, a UAE-based multi-billion dollar technology conglomerate, along with support from Green Acorn Investments Ltd., to launch a stablecoin pegged to the UAE Dirham…
USDT issuer Tether plans to launch a new stablecoin pegged to the United Arab Emirates Dirham (AED) in collaboration with the Phoenix Group and Green Acorn, according to an Aug. 21 statement shared with CryptoSlate. This new asset will be a digital representation of the UAE Dirham, pegged 1:1 and…
Story Highlights The live price of the Stellar crypto is $ 0.09503558. XLM price could reach a maximum of $0.22 by 2024. This altcoin could surpass $1 mark with a high of $1.02 by 2030. With the overall market turning bullish as Bitcoin holds the $58K level. However, Stellar price trend…