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Information about Tether (USDT)
USDT (or Tether coin) is a 1:1 USD-backed stablecoin issued by Tether Operation Limited in 2014. USDT is the most popular stablecoin in the cryptocurrency market, with a capitalization of more than 60 billion USD. Each 1 USDT will be worth 1 USD, allowing USDT to maintain price stability while increasing liquidity.
Tether coin (USDT) is created and traded on the Bitcoin blockchain using the Omni Layer Protocol (Omni is a software layer built on the Bitcoin blockchain that allows for the creation and trading of custom digital assets or units). Each USDT unit is backed by one USD in the Tether Limited reserve and can be redeemed through the Tether platform.
News
Justin Sun predicts TRX will achieve an all-time high before Q2 2025 ends. This follows a week of positive momentum, with TRX currently valued at 0.2463 USD, but still significantly lower than its last high of 0.4407 USD.
The crypto market sentiment remains stable, with Sun’s comments providing potential positive signals for TRX holders. Alongside TRX, he sees opportunities for growth in USDT and USDD market caps, indicating broader ecosystem development.
Letitia James warns that unregulated cryptocurrencies pose significant risks, urging Congress to implement a regulatory framework that ensures economic resilience and consumer protection.
James highlights the importance of consumer safety over industry innovation, cautioning against the potential dangers of unstable digital assets.
The upcoming GENIUS Act aims to establish a regulatory framework for cryptocurrencies, ensuring U.S. Leadership in digital assets. Senator Tim Scott emphasizes that clear regulations are essential for innovation and competitiveness in the global market.
With strong backing from both parties, key Congress members predict swift passage of the bill, particularly for stablecoins. The increasing regulatory clarity is expected to enhance market confidence significantly.
Executives from Binance have held discussions with officials from the US Treasury, focusing on addressing regulatory issues and exploring opportunities for reentering the US market after past challenges.
In parallel, Binance is examining a potential partnership with World Liberty Financial regarding a stablecoin tied to Trump’s family, which could significantly impact Binance’s market positioning amidst shifting regulations.
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