Tether led a $7 million Series A funding round in Pact Labs to expand the use of its USA₮ stablecoin in payroll, payments, and lending through fintech partnerships. Pact Labs connects traditional fintech with blockchain liquidity, enabling over 500,000 users to access blockchain-based loans and payments without needing blockchain knowledge. This investment complements Tether's $100 million stake in Anchorage Digital Bank, which issues the regulated USA₮ stablecoin. The move aims to build a fully integrated US stablecoin ecosystem, though risks remain as regulatory frameworks evolve and competitors like Circle and PayPal advance their own stablecoin efforts.
South Korean cryptocurrency exchange Upbit began trading the Derive (DRV) token on July 14, offering trading pairs with Korean won (KRW), Bitcoin (BTC), and Tether (USDT). This listing enhances DRV's exposure in one of Asia's largest crypto markets a...
Oobit has launched a new feature allowing TRON (TRX) holders to send TRX directly from their wallets to bank accounts using SEPA, ACH, and Faster Payments rails in Europe, the US, and the UK. This bypasses traditional exchanges, enabling near-instant...
Bitcoin, Ethereum, and several other major cryptocurrencies experienced a significant price decline of over 3% in a recent market sell-off. Bitcoin fell to around $61,979, while Ethereum dropped to approximately $1,763. This widespread decrease refle...
Bolivia is exploring the integration of the stablecoin Tether (USDT) into its national payment system, allowing it to be used alongside the US dollar and Bolivian boliviano. This move aims to facilitate everyday payments, international trade, and rem...
Bolivia is exploring the integration of USDT, a dollar-pegged stablecoin, into its national payment system to address a shortage of physical U.S. dollars. This move, still in the preliminary stage, could ease dollar-denominated transactions and cross...
