The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.
Read moreCrypto Biz: Onchain lending ramps up, driven by institutional activity
Institutional demand is driving a significant increase in onchain loans across DeFi protocols.
Read moreUS lagging behind in global stablecoin adoption — Chainalysis
Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions.
Read moreTether mulls lending to commodity traders: Report
The USDt issuer needs ways to deploy billions of dollars in profits, and commodity traders could benefit from expanded credit.
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Crypto World Weekly Overview 13/10/2024
Happy Sunday, Observers! Continue reading on Coinmonks »
Read moreCrypto Biz: Tether’s 10 years with meteoric growth, ties to US, European hurdles
Tether has achieved its first 10 years with a considerable jump in its user base, a closer relationship with US authorities and fresh regulatory challenges
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