Crypto News
Report: Tether Targets US Market With New Stablecoin Launch by Year-End
During a CNBC interview, Paolo Ardoino, Tether’s chief executive, disclosed that the firm intends to introduce a new stablecoin for the U.S. market this year. Tether Preps U.S. Stablecoin Launch, CEO Says It Outpaces TradFi in Enforcement Commanding the world’s largest stablecoin, with $148.94 billion in circulation, Tether has plans to launch yet another stablecoinSource link
CoinDesk 20 Performance Update: SUI Drops 5.9% as Index Trades Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2786.55, down 0.4% (-11.45) since 4 p.m. ET on Thursday.Four of 20 assets are trading higher.Leaders: BCH (+1.8%) and BTC (+0.4%).Laggards: SUI (-5.9%) and AVAX (-2.4%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link
Bitcoin Price Watch: Bulls Target $100K After Breakout Surge
Bitcoin traded between $96,869 and $97,057 over the last hour, maintaining a tight range near recent highs. With a 24-hour intraday range of $95,925 to $97,341, the leading cryptocurrency boasts a $1.92 trillion market capitalization and a 24-hour trading volume of $27.81 billion, signaling sustained investor interest. Bitcoin The daily BTC/USD chart reflects a strongSource link
Tether’s U.S.-Focussed Stablecoin Could Launch Later This Year, CEO Paolo Ardoino Says
Tether, the company behind the $148 billion stablecoin USDT, plans to launch its U.S.-focused stablecoin later this year or early 2026 depending on the nation's stablecoin legislation, CEO Paolo Ardoino told CNBC in an interview."Realistically, it depends on the timeline of the final legislation on stablecoins, but we are looking at by the end of this year or early next year at the fastest,” he said.Ardoino said that the firm's flagship USDT token is catered towards users in emerging markets with limited access to U.S. dollars, and the new offering would be a different product."In the U.S., you have to create a payment product, something that could be used by institutions, something that can be used as a competitor...
ETF Markets Regain Momentum as Blackrock’s IBIT Powers $422 Million Bitcoin Inflow
After a minor setback, bitcoin ETFs roared back with $422 million in net inflows, led by Blackrock’s IBIT. Ether ETFs also ended the day positively, adding $6.49 million to continue their recovery. Bitcoin ETF Inflows Surge After Brief Pause Along With Decent Recovery for Ether ETFs A brief pullback was quickly forgotten as U.S. bitcoinSource link