A new report from Oobit reveals that USDT (Tether) dominates the stablecoin market in Latin America, capturing nearly 100% of transaction volumes in countries like Bolivia, Peru, and Ecuador, and around 90% in Brazil and Chile. This dominance highlights USDT's role as a dollar proxy and its widespread use as a cash equivalent for daily transactions such as groceries and restaurants. Oobit links this growth to its platform enabling users to spend stablecoins directly via Visa's 150 million merchant network, converting crypto to local currency instantly. The report also notes significant growth in Brazil and the recent expansion into Colombia, signaling increasing adoption of stablecoins for everyday payments in the region.
Russia's new digital currency law will allow retail investors to buy only Bitcoin, Ethereum, and Tether's USDT, with an annual purchase limit of 300,000 rubles (about $4,000). The Central Bank of Russia confirmed this restricted list, citing strict c...
Christopher Harborne, a major crypto investor linked to Tether and Ethereum, has donated over £25 million to Nigel Farage's Reform UK party since 2019, including £3 million this year. The party also received £4 million from BitMEX founder Ben Delo. C...
Market analyst Eri disputes the idea that an abrupt unwind of Japan's yen positions will cause a sharp XRP price surge. She highlights the Bank of Japan's cautious, gradual approach to monetary policy, suggesting any rate hikes will be slow and well-...
Cryptocurrency markets saw a general downturn with major coins like Bitcoin and Ethereum falling by 3.15% and 5.4% respectively. Other notable declines include Binance Coin (BNB) down 5.37% and Cardano (ADA) down 6.35%. Some coins like HYPE and XMR s...
Tether introduced a new Visa card that allows users to spend fiat currency globally while earning up to 6% cashback in its gold-backed stablecoin, XAUT. The card converts USDT into local fiat at the point of sale and includes a round-up feature that ...
