As the DOT/USDT pair approaches a critical support level, analysts are divided. Market sentiment indicates a potential breakout that could drive prices sharply higher. Conversely, bearish indicators loom, raising concerns of a sudden downturn. Traders should stay vigilant.
As Bitcoin price cycles fluctuate, the dynamics of USDT mints and burns play a crucial role in market liquidity. Understanding this relationship helps investors navigate the crypto landscape, as increased USDT supply can indicate bullish trends, while burns may signal bearish corrections.
Thailand’s financial regulator has announced the inclusion of USDC and USDT stablecoins in its approved cryptocurrency list. This move aims to bolster the country’s digital asset ecosystem and promote secure transactions within the growing fintech landscape.
USDT has established a commanding presence on the Tron network, capturing an impressive 98.5% of the stablecoin supply. This dominance underscores the growing influence of Tether in the decentralized finance landscape, shaping trading and liquidity dynamics.
In just 10 months, USDT on the TON blockchain has surged to $1.4 billion, marking the fastest growth of any stablecoin. This milestone underscores the increasing adoption of TON’s infrastructure and its appeal to crypto investors seeking stability.
Russia is now able to enjoy a cheaper and faster cross-border transactions, as EXVED has revolutionized the process with USDT as a payment option. Benefits include reduced costs and efficient transfer of funds using peer-to-peer blockchain technology.
Tether, the world’s most widely-used stablecoin, has reportedly suspended the redemption of its USDT token for some customers in Singapore. The decision has caused concern in the crypto space, raising questions around Tether’s ability to continue providing liquidity and stability.
A Kraken user lost $4.5 million USDT in a recent phishing scam targeting the cryptocurrency exchange. The scheme reportedly involved the user receiving emails that asked him to hastily update their crypto wallet information. Security experts warn of similar scams in the future.
USDC and USDT holders have been exploring ways to maximize returns through the ongoing Borroe.Finance presale. With attractive ROE offered, investors have flocked to the sale in an effort to capitalize on the potential returns on offer.
An analyst claims that Tether’s USDT, a stablecoin backed by the U.S. dollar, has an “unstable peg” and does not effectively eliminate volatility. They allege that this could have implications for the entire cryptocurrency market.