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USDT stablecoin use rises in developing countries amid inflation and currency issues

Market News
24 Aug 2026
Crypto news
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Bullish
pluang ai news

Tether CEO Paolo Ardoino highlighted growing reliance on the USDT stablecoin in countries like Venezuela, Argentina, Bolivia, and Turkey due to inflation, currency depreciation, and limited access to physical dollars. These economies use USDT for domestic commerce, international trade, and as a digital dollar alternative when local currencies weaken or cash dollars are scarce. Chainalysis data shows significant crypto adoption in these regions, with nearly $1.5 trillion in Latin American crypto activity from 2022 to 2025. Tether's USDT supply hit a record $188 billion in 2026, serving over 570 million users globally, though users still face regulatory and issuer risks.

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Upbit adds KRW trading for Lighter's LIT token with initial order restrictions starting Aug 24.

Upbit adds KRW trading for Lighter's LIT token with initial order restrictions starting Aug 24.

Upbit will launch a South Korean won (KRW) trading market for Lighter's LIT token on August 24 at 1:00 pm KST. Initially, buy orders will be restricted for about five minutes and only limit orders will be allowed for the first two hours to prevent di...

Market News
Bullish
4 hours ago
US spot Bitcoin ETFs see biggest weekly inflow in 10 months, nearing $2B as Bitcoin nears $80K

US spot Bitcoin ETFs see biggest weekly inflow in 10 months, nearing $2B as Bitcoin nears $80K

US spot Bitcoin ETFs attracted nearly $1.92 billion in net inflows over the week ending August 22, marking their strongest weekly inflow since October 2025. This surge coincided with Bitcoin's price rally of 18% to 25%, testing levels near $80,000. B...

Market News
Bullish
4 hours ago
Crypto networks use varied consensus methods to secure transactions and finalize blocks.

Crypto networks use varied consensus methods to secure transactions and finalize blocks.

Different major cryptocurrencies use distinct consensus algorithms to validate transactions and secure their blockchains. Bitcoin pioneered Nakamoto Consensus, relying on proof-of-work mining and cumulative computational effort to confirm transaction...

Protocol Fundamentals
Neutral
4 hours ago
Sezzle up 88% in 2026 as Klarna falls 50%, reflecting profit gap in buy now, pay later sector

Sezzle up 88% in 2026 as Klarna falls 50%, reflecting profit gap in buy now, pay later sector

In 2026, buy now, pay later companies Sezzle and Klarna showed contrasting stock performances, with Sezzle rising 88% and Klarna dropping 50%. Sezzle's stronger profitability, with an adjusted EPS of $5.25 projected for 2026 and a price-to-earnings r...

Analyst Insights
Neutral
4 hours ago
Phantom ends support for Sui network on Sept 24, 2026, removing wallet access but assets remain safe onchain.

Phantom ends support for Sui network on Sept 24, 2026, removing wallet access but assets remain safe onchain.

Phantom will stop supporting the Sui blockchain on September 24, 2026, removing the ability to view, send, swap, or interact with Sui assets through its wallet interface. Users can still access their Sui assets onchain using compatible wallets with t...

Protocol Fundamentals
Bearish
4 hours ago
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