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Tether chief executive Paolo Ardoino reportedly says that the stablecoin issuer will stay focused on foreign markets as a stablecoin regulatory bill works through Congress. According to a new report by Bloomberg, Ardoino says that even though the Genius Act, an industry-backed bill to regulate dollar-pegged crypto assets in the US, is making its way through Congress, Tether will remain focused overseas. “It is important for us to see how the Genius Act is distinguishing between foreign issuers and domestic issuers. For us, the main interest will remain outside of the US. We are looking at the Genius Act in a way that will allow us to be compliant. We can be compliant while still having a strong focus on foreign markets.” Tether, which is based in El Salvador, is the largest stablecoin issuer in the world but stopped serving customers in the US in 2018. However, the report says that if Tether were to focus on the US, it may run into issues such as back...

The de-dollarization narratives are now gaining immense traction as the world consistently tries to move away from the US dollar. The USD is now standing at a fragile threshold where other noteworthy currencies have started to harass the US dollar. While nations have always planned to ditch the US dollar to promote local currencies, one nation has gathered up the courage to promote its own national benefit, banning the US dollar’s usage across the country. Also Read: Shiba Inu: 2 Major Takeaways of Buying SHIB in 2025 De-Dollarization Begins: This Country Bans USD Source: Edarabia In a landmark decision, Tanzania banned the US dollar’s’s usage in its country a few hours ago. This decision comes at a time when the US dollar is a victim of multiple ominous predictions,, with leading entities stating how the US dollar’s’s doom is finally here. In a new note issued by Tanzanian authorities, a USDSD ban has been put to help their local currency, the Tanzanian Sh...

Circle announced this week that USDC became the first stablecoin to gain compliance with new Canadian digital asset regulations. Canada’s new regulations call for delisting noncompliant stablecoins after December 31st. Circle’s compliance means USDC, which aims to maintain a 1:1 peg with the US dollar, can trade on crypto exchanges in the Canadian market, according to a new press release. Dante Disparte, chief strategy officer and head of global policy at Circle, says the new development underscores the stablecoin issuer’s regulatory efforts. “The Canadian Securities Administrators’ proactive approach in providing a digital asset regulatory framework reinforces the integrity of digital asset markets, while ensuring continued reliance on USDC across Canada’s burgeoning ecosystem.” The announcement comes as Circle launched a new wave of layoffs, Bloomberg reports. A company spokesperson tells the news outlet the downsizing was routine...

Dogecoin might soon be used again in Tesla’s online store. Elon Musk, who runs Tesla and likes Dogecoin, has hinted at this idea. Scroll down to find out more useful information on this topic! Also Read: Shiba Inu Gears Up To Launch DAO: Will This Push SHIB To Claim $0.01? Exploring the Impact of Dogecoin Payments on Tesla’s Market Value and Beyond Source: Bitcoin.com Musk’s Cryptic Response Ignites Speculation Me — Elon Musk (@elonmusk) August 30, 2024 On August 31, 2024, someone asked on X if Tesla would take Dogecoin for its goods again. Musk just said “ Me .” This small answer got lots of people talking. Crypto fans are now guessing what this could mean for Dogecoin and Tesla. Tesla’s History with Crypto Payments and DOGE Tesla has gone back and forth on crypto payments. They took Bitcoin for cars in 2021 but stopped because of environmental concerns. In 2022, they started taking Dogecoin for merchandise but later stopped that too. Possible ...

XRP has been a hot topic lately in the crypto world. It currently trades at around $0.60. However, some enthusiasts believe it could reach $10,000 per token in the future. ‘How informed are they’, you ask? Let’s find out what this price prediction is all about. Also Read: Bitcoin to $100,000? Analysts Predict Bullish September Unlocking XRP’s Potential: Ripple, Price Predictions, and Portfolio Insights Source: Twitter Ripple’s Coin Current Standing As of August 2024, XRP trades at about $0.5966. This is well below its peak of $3.31 from January 2018. Despite this, many in the crypto community remain hopeful about the coin’s future. What XRP Holdings Could Be Worth at $10,000 If XRP hit the $10,000 mark, here’s how investments could grow: $10,000 invested now (about 16,750 XRP) could become $167.5 million $50,000 invested now (about 83,750 XRP) could turn into $837.5 million $100,000 invested now (about 167,500 XRP) could reach $1.675 billion The...

Binance is a popular cryptocurrency exchange with high transaction volumes across various cryptocurrencies, including bitcoin (BTC), ethereum, PEPE, and FLOKI. With its broad portfolio and diverse product offerings, Binance has expanded its services globally. However, some countries do not support the exchange’s role in the crypto industry. You might also like: Binance goes for bitcoin cloud mining despite regulatory uncertainty Recently, some countries have taken a stricter stance on the usage of cryptocurrencies. While a few nations have prohibited digital currencies, others, like El Salvador, have recognized bitcoin as legal tender. Users, investors, and developers wish for crypto currency acceptance because this financial system offers a more extensive offer of services and less governmental control. Still, official bodies are worried about crypto trading and investing due to volatility concerns. What’s the reason behind Canada’s regulatory changes? ...