However, Binance Square is a platform where Binance, a popul

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Tether (often referred to by its currency codes, USD₮ and USDT, among others) is a cryptocurrency stablecoin, launched by the company Tether Limited Inc. in 2014.As of January 2024, Tether's website lists fourteen protocols and blockchains on which Tether has been minted.[1] Tether Denominations Symbol ₮ CodeUSD₮, EUR₮, CNH₮, XAU₮, MXN₮[1]Development White paperTether White Paper.pdfInitial release2014-10-06 16:39:15 UTC[2]LedgerCirculating supplyUSD₮ 96,036,749,591.54; EUR₮ 36,387,340.03; CNH₮ 20,503,468.90; XAU₮ 246,524.33; MXN₮ 19,562,400.00 (Jan 2024)[1]Valuation Exchange ratePegged to reference fiat currency or goldWebsiteWebsitetether.to Tether has been criticized for a lack of transparency and verifiability of its claimed fiat reserves. In 2021, the company was fined by regulators for only maintaining full reserves during 27.6% of the days in the period from 2016 to 2018[4] as well as for failing to present audits showing sufficient asset reserves.[5][6][7] It is the largest cryptocurrency in terms of trading volume, commanding 64% of the market share among stablecoins and having surpassed Bitcoin in 2019 to become the most traded cryptocurrency in the world.[8][9][10] As of January 2024, Tether had over $96 billion in circulation.[11][1] Tether Limited is owned by the British Virgin Island-based company iFinex Inc., which also owns the Bitfinex cryptocurrency

#write2Earn is a platform or hashtag used on social media platforms, particularly on writing-related websites or communities, to indicate that individuals can earn money or rewards by writing and sharing their content. It is often used by freelance writers, bloggers, and content creators who want to monetize their writing skills and generate income through various writing opportunities such as sponsored posts, affiliate marketing, or content creation for clients. By using the #write2Earn hashtag, writers can connect with potential clients or platforms that offer paid writing gigs or opportunities.#Write2Earn bullish/bearish

#BinanceTournament Binance CEO Zhao Considering Buying Banks: Report Zhao wants his crypto exchange to become a bridge between traditional finance and crypto, according to a Bloomberg report. Binance founder and CEO Changpeng Zhao is looking into potentially buying banks as a way of bridging the gap between the worlds of traditional finance and crypto, according to an interview Zhao did with Bloomberg at the Web Summit conference in Lisbon. Zhao did not name any specific targets, and also said he's open to either minority investments or a full acquisition. “There are people who hold certain types of local licenses, traditional banking, payment-service providers, even banks. We’re looking at those things,” Bloomberg quoted Zhao as saying. Zhao also noted that investing in banks is a smart strategy for Binance because when the crypto exchange works with a bank, Binance often winds up driving many new users to it, increasing the bank’s valuation.

Attention #BTC #BTC #ordinals Basel Study Shows World's Largest Banks Are Exposed to $9 Billion in Crypto Assets A first-of-its-kind study published by the Basel Committee on Banking Supervision details that the world’s largest financial institutions are exposed to roughly €9.4 billion (US$9 billion) in crypto assets. The research paper authored by the Basel Committee’s secretariat Renzo Corrias further explains that out of all the banks’ total risk exposure, cryptocurrency exposure is estimated to be around 0.01% of total exposures.

Banks Have $9 Billion in Cryptocurrency Exposure Equating to Roughly 0.01% of Total Risk Exposure A recent study published by the Basel Committee on Banking Supervision (BCBS) explains that the world’s top banks are exposed to around $9 billion worth of cryptocurrencies. The BCBS is a global organization made up of members tied to the world’s central banks and financial institutions from a myriad of jurisdictions. The study, called “Banks’ exposures to cryptoassets – a novel dataset,” was written by secretariat Renzo Corrias. The research aims to create a primary global standard on the “prudential treatment of banks’ [crypto asset] exposures.” “Total [crypto asset] exposures reported by banks amount to approximately €9.4 billion. In relative terms, these exposures make up only 0.14% of total exposures on a weighted average basis across the sample of banks reporting [crypto asset] exposures,” the report written by Corrias details. “When considering the whole sample of banks included in the Basel III monitoring exercise (ie also those that do not report [crypto asset] exposures), the amount shrinks to 0.01% of total exposures.” The BCBS shows that 19 banks worldwide submitted data for the research, and approximately ten financial institutions derived from the Americas. Seven banks stemmed from Europe, and two banks came from the rest of the world. Corrias notes that the banks represent a small group of financial institutions out of the collective 182 banks the BCBS considered for its Basel III monitoring exercise. The crypto asset exposure the banks reported mostly consisted of bitcoin (BTC) which was around 31% of exposures, and ethereum (ETH) which accounted for 22% of exposures. In addition to exposure to USD-backed stablecoins, banks are also associated with crypto assets like xrp (XRP), cardano (ADA), solana (SOL), litecoin (LTC), and stellar (XLM). Corrias explains that the banks’ exposure to crypto is comprised of three different categories which include crypto holdings

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