The Wall Street Journal has released a major article about the stablecoin USDT and the business of the company Tether.
βͺοΈJournalists claim that Tether facilitates the creation of a "parallel economy" that operates beyond the reach of U.S. law enforcement. American authorities are concerned that the popularity of Tether undermines their sanctions policy.
βͺοΈThe article states that the largest stablecoin has become a primary tool for moving assets abroad, with Russia, Venezuela, and Iran using USDT to circumvent sanctions and conduct transactions with China.
βͺοΈThe authors described the blocking of criminals' wallets and Tether's cooperation with law enforcement as "playing to the gallery." According to them, USDT "fuels the financial criminal world" and undermines the U.S.'s fight against arms dealers, extortionists, and fraudsters.
βͺοΈThe confrontation between Tether and WSJ has been ongoing for quite some time. Tether has repeatedly published public rebuttals of the accusations and open letters to journalists on its website. In one of these statements, the company claimed that since 2021, the publication has released more than 80 "exposΓ©" articles about Tether and USDT.
βͺοΈJournalists claim that Tether facilitates the creation of a "parallel economy" that operates beyond the reach of U.S. law enforcement. American authorities are concerned that the popularity of Tether undermines their sanctions policy.
βͺοΈThe article states that the largest stablecoin has become a primary tool for moving assets abroad, with Russia, Venezuela, and Iran using USDT to circumvent sanctions and conduct transactions with China.
βͺοΈThe authors described the blocking of criminals' wallets and Tether's cooperation with law enforcement as "playing to the gallery." According to them, USDT "fuels the financial criminal world" and undermines the U.S.'s fight against arms dealers, extortionists, and fraudsters.
βͺοΈThe confrontation between Tether and WSJ has been ongoing for quite some time. Tether has repeatedly published public rebuttals of the accusations and open letters to journalists on its website. In one of these statements, the company claimed that since 2021, the publication has released more than 80 "exposΓ©" articles about Tether and USDT.
β€269π247π₯41π₯°29π4π1
Swift
Streamlining the global movement of digital assets and currencies | Swift
Weβre paving the way towards real-world solutions that will enable our members to access and transact with regulated digital assets and currencies on the Swift network. This follows a series of groundbreaking experiments conducted with our community in recentβ¦
SWIFT has introduced a global infrastructure to streamline transfers and settlements for tokenized assets(RWA).
π174π€43β€25π₯25π12
The Block
Ride-hailing platform TADA launches Telegram mini app, enabling bookings in TON or USDT
Southeast Asia ride-hailing platform TADA has collaborated with TON Foundation to launch a new Telegram mini app.
The ride-hailing platform TADA is launching a mini-app in Telegram that allows users to book and pay for rides using TON or USDT.
π193β€92π31π20π€17π15
X (formerly Twitter)
Donald J. Trump (@realDonaldTrump) on X
.@WorldLibertyFi
Trump will launch his DeFi project "World Liberty Financial" on September 16
π179β€76π€·ββ25π17π€17π₯°13
Cointelegraph
Bybit bags provisional crypto license from Dubai regulator
Bybit exchange received a provisional crypto license from Dubai's VARA regulator.
Bybit has received a provisional crypto license in Dubai.
π238β€73π₯36π₯°35
The lack of excitement and thrill will lead the crypto market into stagnation, according to the head of CryptoQuant.
πΉThe crypto industry is facing a crisis due to changes in the sector: new products fail to excite traders, leading to a downturn in the market, wrote Ki Young Ju, CEO of the analytics platform CryptoQuant, on X.
πΉA new "game" that can trigger a dopamine rush among market participants could push the cryptocurrency space forward, he believes. In the crypto industry, such dopamine triggers are profits from unpredictable bets (tradersβ experience) and the creation of new technologies in uncharted territories (developersβ experience).
πΉ"If we don't create a new game that stimulates dopamine in traders, the crypto industry as we know it will face a prolonged period of stagnation," Ki asserts.
πΉOnly with a new level of excitement will "money flood the market, and the industry will be able to develop," Ki added, pointing to the dismal performance of altcoins and the lack of significant capital inflows into the market
πΉThe crypto industry is facing a crisis due to changes in the sector: new products fail to excite traders, leading to a downturn in the market, wrote Ki Young Ju, CEO of the analytics platform CryptoQuant, on X.
πΉA new "game" that can trigger a dopamine rush among market participants could push the cryptocurrency space forward, he believes. In the crypto industry, such dopamine triggers are profits from unpredictable bets (tradersβ experience) and the creation of new technologies in uncharted territories (developersβ experience).
πΉ"If we don't create a new game that stimulates dopamine in traders, the crypto industry as we know it will face a prolonged period of stagnation," Ki asserts.
πΉOnly with a new level of excitement will "money flood the market, and the industry will be able to develop," Ki added, pointing to the dismal performance of altcoins and the lack of significant capital inflows into the market
π244β€63π₯33π―29π₯°25