Bottom-up Adoption: USDT Surges as Unit of Account in Bolivia
Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. The measure comes amid a climate of unrest due to the scarcity of...
Original source
Read on Bitcoin NewsRelated market context
Monero Jumps 30% After ZachXBT Traces $120M USDT Laundering Run Through Privacy Coin
Monero surged roughly 30% to an intraday high of $438 late Thursday ET after blockchain investigator ZachXBT traced a $120 million...
Tether’s Brief Overtaking of Ether in Value Signals Crypto Market Stress
USDT briefly surpassed Ether in market cap last weekend, signalling investor flight to safety amid Bitcoin's worst week since FTX...
Tether’s Brief Flip of Ether in Value Gives Crypto a Reality Check
Tether's USDT briefly overtook Ether in market value for a few hours, highlighting the growing dominance of stablecoins in crypto....
Backpack’s BP token surges 27% after SpaceX stock debut on Solana
The surge in BP token highlights the growing interest in tokenized equities, potentially reshaping how investors access and trade...
Rob Hadick Warns Tether and Circle Face Rising Pressure From New Stablecoins
Dragonfly General Partner Rob Hadick believes stablecoins are entering a new phase. While USDT and USDC remain dominant today, he...
Bitcoin Selloff Leaves Half of Supply Underwater as Tether Briefly Overtakes Ether
Bitcoin's drop below $60,000 leaves half of supply in loss, while Tether briefly overtakes Ether in a reality check for crypto mar...