USDT witnesses a massive spike in terms of transaction activity in Brazil. Will its dominance be retained due to its growing popularity?
USDT’s growth increases in Brazil as USDT transactions begin to outnumber that of Bitcoin. Despite this, the volume of USDC transactions remains much higher.has seen a massive spike in its dominance over the past few months. Now, Brazil’s tax department has reported that trading with USDT has been growing in the LATAM region since 2021.The fact that USDT trading in Brazil was increasing so quickly is important.
Tether was actively working with 31 agencies in 19 places to freeze $835 million in assets. Most of the frozen money was connected to theft, like blockchain and exchange hacks, with a smaller part tied to other crimes. They also stated that their mission revolves around responsible and ethical stablecoin use, setting industry standards for integrity and security.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chile's Latam Airlines swings to profit in third quarterExplore stories from Atlantic Canada.
Read more »
Chile's Latam Airlines swings to profit in third quarterLATAM Airlines posted a third-quarter net profit of $232 million on Monday, a turnaround from a loss of $296 million in the same period last year when the...
Read more »
Bitcoin’s Big Moves Are Being Magnified by a Protracted Lack of LiquidityThe lack of liquidity in the market is amplifying the volatility of Bitcoin's price movements.
Read more »
Crypto Memes Gain Momentum as Bitcoin RalliesCrypto-based memes have gained fresh momentum as Bitcoin rallies, with expectations of SEC authorization for Bitcoin ETFs. Pepe Coin surges 77%.
Read more »
Bitcoin’s greed index hits 72, is a correction looming?As the crypto market initiated its bull rally, investors; expectations, especially with Bitcoin [BTC], skyrocketed.
Read more »
Cosmos Witnesses Surge in Daily Active Users, Leaving Bitcoin and Ethereum BehindCosmos has experienced a significant increase in its daily active users, surpassing Bitcoin and Ethereum. The rise in active addresses grew by 182%, indicating a shift in market sentiment. Despite this growth, Cosmos' native token ATOM did not see a significant price increase. The expansion of the Inter-Blockchain Communication (IBC) protocol to the Binance Smart Chain could be one of the factors contributing to this surge in users. Cosmos is also focused on maintaining its development activity to remain competitive in the blockchain industry.
Read more »