Tether (USDT) Market Cap Back Above $69 Billion Amid Binance FUD

Paxos Global, an issuer of BUSD, will stop releasing new stablecoins as the NYDFS ordered it to stop offering unregistered securities. All existing Binance USD will be supported at least until 2024.

USDT and USDC should be the top beneficiares of this painful ruling for Binance . For the first time in more than a year, USDT's market cap smashed through 50% of all stablecoins' capitalization. As such, Tether is now larger than all of its competitors combined.Also, it is worth noticing that Tether Limited reported profits for the first time ever on Feb. 9, 2023. In Q4, 2022, it made more than $700 million, as U.Today covered.

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

What to know as North Market starts $345 million Merchant Building developmentWhat does the North Market construction project mean for visitors to the market? I'm surprised this story doesn't talk about the work that is starting this week in the old parking lot to remove what's expected to be hundreds of graves before construction begins. The project is crushing the vendors. I wonder what the market is doing to help?
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