Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How
Tether announced on Thursday it will coordinate with a third party to perform a chain swap for raising more than 1 billion USDT while keeping the total supply the same. Tether plans to use Tron TRC20 for the swap. The decision came as the USDT plunged to 0.95, destabilizing its Dollar peg. Just after Tether, The post Tether Makes $1 Bln Swap To Support The USDT Peg, Here’s How appeared first on CoinGape.
Tether (USDT) Daily Unique Addresses Hit 2022 Highs, What It Means For Crypto Markets
A key measure of trade for top stablecoin Tether (USDT) hit its highest level this year, indicating an elevated level of demand. The data could imply two potential scenarios for the crypto industry, based on USDT’s role as a trade facilitator and as a safe haven. According to data from crypto research firm Santiment, daily The post Tether (USDT) Daily Unique Addresses Hit 2022 Highs, What It Means For Crypto Markets appeared first on CoinGape.
Tether And The City Of Lugano Presented Its “Plan B.” What Did We Learn?
The City of Lugano in Switzerland, the most important Italian-speaking city outside of Italy, is not playing around. The goal of their “Plan B” is to “make Lugano the blockchain hub for the entire Europe,” according to Tether’s Paolo Ardoino. And it will probably succeed. The city wants to attract investment and talent, attract wealth and smart minds, and they’re putting their money where their mouth is. Why do they have to brand their plan using bitcoin’s name, though? In NewsBTC’s previous a
The city of Lugano will accept Bitcoin, Tether and LVGA token as 'de facto' legal tender
Residents of the Switzerland city will be able to pay taxes, parking tickets, public services, and tuition fees using crypto. Switzerland’s southern city of Lugano plans for many local businesses to accept some cryptocurrencies as ‘de facto’ legal tender as part of a partnership with Tether.Speaking at the city’s Plan B event on Thursday, Tether chief technical officer Paolo Ardoino said the firm had set up a 3 million-Swiss franc fund in collaboration with Lugano officials t