Is Tether About To Wipe Out Billions From The Cryptomarket?
Will Tether’s USDT Mint Rate, which will be implemented at the start of 2022, cause the crypto bubble to burst? This is one question that still remains unanswered. Prior to the new year, the crypto-verse appears to be going towards FUD. As a result, crypto enthusiasts are at a loss about what to do next, […]
Myanmar’s NUG adopting USDT as its local official currency receives praises from Tether
The National Unity Government of the Republic of Myanmar (NUG), has stated that Tether’s USDT would be adopted as a legal tender for local use, Tether has commended this move stating it will help strengthen the US currency. Tether has now praised the government’s move, claiming that it demonstrates the strength of the US currenc […]
Tether (USDT) becomes Myanmar shadow government’s official currency
After starting a campaign to overturn the military regime, Aung San Suu Kyi’s followers created a parallel government that recognized Tether as official money. Following the onset of fundraising for a campaign to overthrow Myanmar ‘s military regime, a parallel government led by supporters of ousted leader Aung San Suu Kyi recognized Tether as an […]
Japan’s Financial regulator to propose restriction of stablecoins
According to Nikkei Asia, Japan is considering new regulations that will enable only banks and wire transfer firms to create stablecoins. The Financial Services Agency (FSA), Japan’s primary financial regulator, is apparently considering legislation that would limit stablecoin supply to banks and wire transfer providers. Crypto service providers engaging in stablecoin transactions, such as wallets, […]