🛍 Fashion brand Guess, backed by the USDTSCAN platform and its super representative Luganodes, now accepts Bitcoin🪙 and Tether🪙 in Lugano as payment for goods.

💳 Global fashion brand Guess will now be able to accept crypto payments in BTC and USDT in the Swiss city of Lugano thanks to a new collaboration.

Plan B, a joint initiative of the City of Lugano, Tether and Luganodes, today announced a partnership with Guess to officially introduce Bitcoin, Tether and LVGA payments in Lugano retail stores. Tether, the tech firm that powers the blockchain of the largest stablecoin by market cap (USDT), and the city of Lugano have come up with a “Plan B” to accelerate cryptocurrency adoption. Now more than 150 stores and businesses in Lugano, including McDonald's, accept Bitcoin, Tether and LVGA in addition to fiat currency as payment for their goods and services.

🪙 USDTSCAN Wallet, as one of the partners of Plan B, will act as the main payment instrument when making purchases in Guess, McDonald's, Giorgio Armani S.p.A. and many others.

Shoppers will be able to purchase clothing and accessories at the Guess boutique using a POS system powered by Bitcoin Lightning Network technology and three digital currencies: Bitcoin, Tether and LVGA. A custom campaign was also announced offering 10% cashback to LVGA customers. In addition, in the first few months after activation, the transaction fee will be zero.

🔥 To make Bitcoin, Tether, and Lugano's own LVGA Points token legal tender, the Swiss city of Lugano joined forces in March 2022 with stablecoin issuer Tether and transaction tracking analytics platform USDTSCAN. El Salvador and the Swiss city of Lugano also signed a Memorandum of Understanding on economic cooperation last October, intending to promote the utility of Bitcoin.

🔹 Ethereum inflow to staking declined on the eve of Shapella

Growth in Ethereum staking deposits has declined due to regulatory pressure and the upcoming Shanghai-Capella (Shapella) hard fork, Glassnode experts have noted.

🔔 The developers have scheduled an upgrade for April 12th. In March, the Ethereum team hardforked Shapella on the Goerli testnet . Prior to that, I activated the update on the Sepolia test network. The hard fork includes changes to Ethereum consensus levels and execution. Its main goal is to open access to the withdrawal of ETH from staking.

Glassnode experts recalled that centralized sites like Kraken, Binance and Coinbase competed for the influx of deposits into staking “from the early days of Beacon Chain.” However, they lost a significant market share, while the Lido DeFi platform gained it.

💬 “When the dust settled between the three giants, it was Lido that emerged victorious, continuing to dominate the influx of deposits to date,” the experts emphasized.

According to the Dune Analytics dashboard , there are 18.2 million ETH locked in staking – more than 15% of the coin supply. Almost 102,000 addresses have made deposits.

🕯 Lido accounts for over 26% of the total staking cryptocurrency, Coinbase accounts for about 6%, and Kraken accounts for 2.3%.

Happy Easter 🎉🎁

🔶 Binance.US Announces Delisting of TRX Token

‼️ Cryptocurrency exchange Binance.US announced the delisting of Tron (TRX) and Spell (SPELL) tokens from the platform. The changes will come into effect on April 18, 2023.

💬 “Binance.US periodically reviews each digital asset to ensure it meets our expected quality standards,” the post reads.

The specific reasons for the delisting of tokens are not specified. Binance.US clarified that it will continue to support USDT and USDC stablecoins on the Tron network.

TRX staking will be disabled on April 13th. All tokens and earned rewards will be returned the next day.

❌ Depositing, buying, selling and converting SPELL and TRX will be closed on April 17th. The withdrawal of these tokens will remain open.

📊 Against the background of the news, TRX quotes fell by 6%. At the time of writing, the token is trading at $0.064.

Buying Tron(TRX) for USDT is already available in the USDTSCAN wallet

🌐 USDTSCAN with the support of TRONGrid representative, added the ability to buy 🔴Tron(TRX) for a 💲Tether(USDT) stablecoin at the 🪙Coinbase exchange rate.

💰 Coinbase will act as the main validator to secure Tron purchases.

💬 “Due to the delisting of Tron (TRX) tokens on the Binance.US exchange, the number of Tron replenishment requests to pay for transfers on the USDTChain network will increase, since 23% of TRX deposits were from the Binance.US exchange. Our team decided to connect the Coinbase validator to make fast USDT/TRX exchanges so that users do not have to worry about replenishing Tron to pay for transactions, now TRX can be bought in the wallet for USDT,” said RINALDO MORATA, USDTSCAN CTO.

🔴 To buy Tron, enter the desired amount of TRX and click "Buy TRX Preview", be sure to check the correct amount you entered, then confirm the purchase. The TRX will be purchased at the Coinbase validator rate (USDT/TRX) and credited to your Tron balance.

🌐 USDTSCAN EXPLORER mobile application is available for download on the Google Play Market

📱 Statistics of our users using Android devices is almost 70%.

✅ The USDTSCAN EXPLORER mobile application implements a search for transactions in the USDTChain, TRC20 and ERC20 networks. The list of transaction results will allow you to see the direction of sending USDT tokens. In the USDTChain network, you can track the statistics of USDT assets and transactions, TRX Balance and transactions in the USDT cross-chain.

Google Play Application:

🏬 USDTSCAN EXPLORER

🔒 USDTScan wallet owners have the opportunity to store USDT on the balance of free and fixed staking, which ensures the coverage of income items due to the participation of Financial Representatives in building the income environment of the USDTScan service.

😌 Each Representative is represented in a separate region and has at least 3 Super Representatives who are elected by voting or applicability, depending on the ability to provide a level of profitability for the USDTScan staking service at the current time. The distribution of votes and the applicability of the explorer as a service can be tracked on the TronScan and EtherScan partner websites in the sections: Real-time Block Distribution and Explorer-as-a-Service.

⬇️ Each Liquidity Pool uses the required number of income items to ensure the declared APR:

1️⃣ Liquidity Pool: Dual Investment

USDTScan Dual Investment staking direction gives an opportunity to earn on Staking Liquidity Pool using representatives' cryptocurrency at the desired price and date in the future, while earning high rewards no matter which direction the market goes. USDTSCAN representatives buy crypto at a lower price or sell crypto at a higher price for getting high rewards no matter which direction the market goes. Zero trading fees when the target is reached and the “Buy Low” or “Sell High” product is filled allow get the Staking profit at the rate of up to 0.30% per day.

2️⃣ Dual Investment + Cryptocards Cashback

USDTSCAN representatives send cryptocurrency assets to provide payment systems with a conversion reserve and further purchase of goods and services in cryptocurrency for payment services and banks (Crypto.com: Cashback 1.0%-8.0%, Gemini: Cashback 1.0%-3.0%, Wirex: Cashback up to 2.0%, etc), receiving for this part of the Cashback reward (up to 0.75%) depending on the amount and type of activity of the seller. USDTScan representatives, in turn, provide a part of this reward to the profitable Liquidity Pool, which is included in the daily percentage of profitability on USDT staking and is up to 0.25% for 1 calendar day.

3️⃣ Dual Investment + Cryptocards Cashback + Inter-Exchange Arbitrage

The profitability of the liquidity pool with the inclusion of trades of arbitrage trading representatives comes down to conducting a quick series of trades to earn on the difference in the rates of one or more assets. Representatives of USDTScan conduct such trading using special programs and bots. The rate of one cryptocurrency at the moment may differ on different platforms. When buying assets at the lowest cost on one trading platform and selling at the highest price on another platform, the difference between the purchase and sale prices becomes the net profit of the representative and amounts up to 0.40% at the final stage of crediting funds to the liquidity pool.

4️⃣ Dual Investment + Cryptocards Cashback + Inter-Exchange Arbitrage + Crypto Exchangers

By providing financial reserves to over-the-counter crypto exchanges, USDTSCAN representatives earn up to 0.20% yield into a profitable liquidity pool to pay out Staking obligations to fixed and free staking holders. At the same time, exchange operations in most cases take no more than 120 minutes, which is one of the most profitable and fastest ways to accumulate profits for the USDTScan wallet. The standard rate for exchanging cryptocurrency for fiat for a regular user is from 0.5% at a floating rate, which provides at least 1:1 yield for both USDTScan and the presented online P2P exchanger.

🤖 LU SHENGLI LIVE ON BLOOMBERG FINANCE

🤖 USDTSCAN — Star Bot

🤖 Telegram Bot USDTSCAN is already available for platform users. With it, you can send a request to create a personal unique avatar.

⬇️ To get a Leader Avatar, you need to choose one of the available languages and fill out a simple questionnaire:

1️⃣ Step - Submit your USDTSCAN wallet address;

2️⃣ Step - Send First Name Last Name / Nickname, which will be displayed on the Leader Avatar;

3️⃣ Step - Submit your Personal Photo or Branded Logo to be displayed on the Leader Avatar.

✔️ After filling, your data will be sent for moderation. Wait for the processing of the received information. Upon completion of processing, you will receive a generated Leader Avatar according to your Star Rank.

✈️ @usdtscan_bp_bot

🐙💲 We’re thrilled to announce that Tether EURt (EURT) is now available on Kraken!

Funding is live, and trading will begin on May 2 at approximately 14H30 UTC. Add EURT to your Kraken account by navigating to Funding, selecting the asset, and hitting Deposit.

Note: Only deposit EURT on Kraken using the Ethereum network. Deposits of EURT using any other network will be lost.

📊 According to Etherscan, the average Ethereum gas fee has reached a 12-month peak. Today it is 227 gwei, and Uniswap transactions cost an average of $84 to settle. Overcharges are frustrating users and crowding out small contributors who are trying to operate in the Ethereum ecosystem.

‼️ We remind you that the fee for sending USDT/TRX in USDTSCAN wallet is:

Network fee for the USDTChain network — 1.072517 TRX;
Network fee for other Blockchains — 11.690545 TRX.

🇧🇷💲🔼 According to Receita Federal in Brazil, Tether USDt dominated trading with R$37.1 billion ($USD 7.42 billion) - a whopping 81% of R$45.8 billion ($USD 9.16 billion) total traded in Crypto & Stablecoins from Jan to Mar 2023 ✔️📊 #Tether #USDt #USDTSCAN

What does USDT stablecoin mean❓

United States Dollar Tether is the first and most popular stablecoin on the crypto market, a fixed price crypto token pegged to fiat, in this case the US dollar. USDT was issued in 2014 by Tether Limited.

A stablecoin is a crypto asset with a stable exchange rate that is not subject to sharp price fluctuations, as opposed to volatile cryptocurrencies such as Bitcoin, Ethereum and others. Stablecoins represent fiat currencies in the crypto market . Stablecoin rates can be pegged to fiat currencies (USDT, USDC), precious metals (Tether Gold) and other assets.

Why USDT was created❓

Tether was created in October 2014 on the Omni Layer protocol on the Bitcoin blockchain as a more stable alternative to the first cryptocurrency . The original name is RealCoin. In the same year, the project was renamed. The first crypto exchange to launch trading with Tether is Bitfinex. As it turned out later, Tether Limited is a subsidiary of Tether Holding Limited, which was founded by members of the Bitfinex management. Thus, these are originally related companies.

The creators back in 2014 called Tether a digital link to a real world asset. Among the goals of creation:

✔️ presenting an alternative to unstable cryptocurrencies;

✔️ fiat to cryptocurrency conversion at a ratio of 1:1;

✔️ increasing confidence with the help of a new method of confirming reserves Proof of Reserves (an alternative to methods of confirming solvency Proof of Solvency);

✔️ transfers of national currencies (including cross-border ones);

✔️ integration with various service for bill payment and financing;

✔️ reduction of market risks.

📊 TETHER CHARACTERISTICS

To describe Tether (USDT), it is often indicated that it is a coin with key features:

— stability based on the provision of fiat currency - to take full advantage of digital transactions on the blockchain without the risks of volatility;

— transparency - the volume of reserves is published on the website every day and at least once a day is updated;

— convergence of crypto and fiat currencies due to the simple exchange of dollars for Tether and vice versa.

🪙 HOW TETHER WORKS

According to the company's documentation, the circulation of USDT tokens is declared as a cycle:

1️⃣ user (individual or legal entity - crypto exchange or crypto service) deposits fiat funds to the bank account of Tether Ltd;

2️⃣ company issues tokens in the equivalent of 1 USD = 1 USDT;

3️⃣ company lends USDT to the user in the equivalent of the amount of US dollars deposited;

4️⃣ user performs operations (transfers, exchanges);

5️⃣ user returns Tether for a deposit;

6️⃣ company burns the deposited tokens and returns dollars to the user.

💬 WHAT IS THE BACKING OF THE COIN

Every 1 USDT must be backed by 1 USD in Tether Ltd's reserve balance. Accordingly, the answer to the question of what 1 USDT is equal to is very simple: the USDT to USD exchange rate should be 1:1.

The Tether report shows excess reserves at an all-time high of $2.44 billion, up $1.48 billion from net income.

Tether closed the first quarter of 2023 with total consolidated assets of $81.8 billion. Most of its reserves are invested in US Treasury bills.

💲 Types of USDT

Tether was released on the Omni (Bitcoin), ERC-20 (Ethereum), TRC-20 (Tron), EOS, Liquid, Algorand, Solana, OMG Network, Bitcoin Cash blockchain protocols, which contributes to the growth of trading volumes and increased liquidity.

🔹 USDT on ERC20

In 2018, when the average fees on the Bitcoin blockchain grew many times over, the token was issued on the ERC-20 protocol on top of the Ethereum blockchain, which was much more profitable for trading. After that, the use of USDT on Omni dropped significantly, and USDT on ERC-20 is now leading among other options.

The emission on ERC-20 provides additional opportunities for interacting with smart contracts and decentralized applications (dApps).

🔴 USDT on TRC20

Tezer on Tron began production in April 2019. The TRC-20 technical standard is similar to the ERC-20 standard on Ethereum. The release of Tether on Tron pursued the goal of developing the dApps ecosystem on Tron.

💬 What's better?

Among the significant differences between the three most common protocols for the release of Tether, we note:

- transaction speed (can be several hours on Omni and several seconds on Tron, the average is several minutes on Ethereum);

- transaction fees (highest for Omni and lowest for TRC-20).

Choosing between types of USDT, you need to decide on the purpose of its use. For large but infrequent transactions, Omni is suitable because of its high security; for trading - the best option would be ERC-20; and for high-frequency transactions with small amounts, choose the TRC-20.

❗️Important: Tokens of one standard cannot be sent to addresses of another! Check addresses carefully before sending funds. For USDT on Omni, addresses start with the number 1 or 3, and on ERC-20 with a combination of 0x. USDT addresses on Tron begin with the letter T.

🔒 USDTScan wallet owners have the opportunity to store USDT on the balance of free and fixed staking, which ensures the coverage of income items due to the participation of Financial Representatives in building the income environment of the USDTScan service.

😌 Each Representative is represented in a separate region and has at least 3 Super Representatives who are elected by voting or applicability, depending on the ability to provide a level of profitability for the USDTScan staking service at the current time. The distribution of votes and the applicability of the explorer as a service can be tracked on the TronScan and EtherScan partner websites in the sections: Real-time Block Distribution and Explorer-as-a-Service.

⬇️ Each Liquidity Pool uses the required number of income items to ensure the declared APR:

1️⃣ Liquidity Pool: Dual Investment

USDTScan Dual Investment staking direction gives an opportunity to earn on Staking Liquidity Pool using representatives' cryptocurrency at the desired price and date in the future, while earning high rewards no matter which direction the market goes. USDTSCAN representatives buy crypto at a lower price or sell crypto at a higher price for getting high rewards no matter which direction the market goes. Zero trading fees when the target is reached and the “Buy Low” or “Sell High” product is filled allow get the Staking profit at the rate of up to 0.30% per day.

2️⃣ Dual Investment + Cryptocards Cashback

USDTSCAN representatives send cryptocurrency assets to provide payment systems with a conversion reserve and further purchase of goods and services in cryptocurrency for payment services and banks (Crypto.com: Cashback 1.0%-8.0%, Gemini: Cashback 1.0%-3.0%, Wirex: Cashback up to 2.0%, etc), receiving for this part of the Cashback reward (up to 0.75%) depending on the amount and type of activity of the seller. USDTScan representatives, in turn, provide a part of this reward to the profitable Liquidity Pool, which is included in the daily percentage of profitability on USDT staking and is up to 0.25% for 1 calendar day.

3️⃣ Dual Investment + Cryptocards Cashback + Inter-Exchange Arbitrage

The profitability of the liquidity pool with the inclusion of trades of arbitrage trading representatives comes down to conducting a quick series of trades to earn on the difference in the rates of one or more assets. Representatives of USDTScan conduct such trading using special programs and bots. The rate of one cryptocurrency at the moment may differ on different platforms. When buying assets at the lowest cost on one trading platform and selling at the highest price on another platform, the difference between the purchase and sale prices becomes the net profit of the representative and amounts up to 0.40% at the final stage of crediting funds to the liquidity pool.

4️⃣ Dual Investment + Cryptocards Cashback + Inter-Exchange Arbitrage + Crypto Exchangers

By providing financial reserves to over-the-counter crypto exchanges, USDTSCAN representatives earn up to 0.20% yield into a profitable liquidity pool to pay out Staking obligations to fixed and free staking holders. At the same time, exchange operations in most cases take no more than 120 minutes, which is one of the most profitable and fastest ways to accumulate profits for the USDTScan wallet. The standard rate for exchanging cryptocurrency for fiat for a regular user is from 0.5% at a floating rate, which provides at least 1:1 yield for both USDTScan and the presented online P2P exchanger.

🔥 Record Profits, Reserve Surpluses, and USD₮ at All-Time Highs: A Look at Tether's Q1 Attestation

https://tether.to/en/record-profits-reserve-surpluses-and-usdt-at-all-time-highs-a-look-at-tethers-q1-attestation/

🪙 17 May 2023 - Tether International Limited (Tether), the company managing the reserves of the first and most widely used stablecoin, announced today its latest investment strategy aimed at further strengthening its reserves portfolio.

Starting this month, Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin (BTC). Tether anticipates that the current and future BTC holdings in its reserves will not exceed the Shareholder Capital Cushion and will further strengthen and diversify the reserves. As reflected in Tether’s Q1 2023 Assurance Report, as of the end of March 2023, Tether already held approximately $1.5 billion in BTC in its reserves. While it is common practice among many institutional investors to third-party custody their Bitcoin, Tether believes in the philosophy "Not your keys, not your bitcoin" and takes possession of the private keys associated with all of its Bitcoin holdings.

📊 Under this new approach, Tether will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains generated by price increases. This means that Tether will consider only the tangible gains from its operations, which consist of the difference, between purchase price and net proceeds from the sale or, in case of a maturing investment, between the purchase price and the reimbursed amount (for example the notional amount for a zero coupon investment like with U.S. treasury bills).

🪙 Tether’s purchase of BTC is part of its conservative and prudent approach to investment decisions aimed at strengthening, increasing and diversifying its reserves. By implementing this framework, Tether aims to enhance transparency and provide a clearer view of the company's performance and capital allocation strategy.