Tether, the stablecoin issuer behind USDT, has announced plans to introduce a stablecoin pegged to the United Arab Emirates Dirham (AED). This stablecoin, developed in collaboration with UAE-based tech conglomerate Phoenix Group PLC and Green Acorn Investments Ltd, marks the latest addition to Tether's growing portfolio of stablecoins. Tether’s stablecoin lineup already includes several currency-pegged tokens such as USDT (pegged to the U.S. dollar), EURT (pegged to the Euro), CNHT (pegged to the Chinese Yuan), MXNT (pegged to the Mexican Peso), XAUT (pegged to gold), and aUSDT (pegged to the Australian Dollar). According to Tether, each Dirham-pegged token will be fully backed by liquid reserves based in the UAE, ensuring that the stablecoin maintains a consistent value tied to the AED. The new Dirham-pegged stablecoin is expected to offer several advantages for users, particularly in the areas of international trade, remittances, and digital transactions. By leveraging blockchain technology, the stablecoin will facilitate seamless, cost-effective transactions, reducing fees and offering a hedge against currency fluctuations. Paolo Ardoino, CEO of Tether, emphasized the strategic importance of this initiative, noting that the UAE is rapidly emerging as a significant global economic hub and that the Dirham-pegged token would be a valuable addition to Tether’s offerings, providing users with a secure and efficient means of transacting in AED. The global market for stablecoins is currently valued at approximately $150 billion, with Tether's USDT alone commanding a market cap of over $115 billion. Industry projections suggest that the market could grow to $2.8 trillion by 2028, reflecting the expanding role of stablecoins in the global financial landscape.
Tether Announces Development of Dirham-Pegged Stablecoin
#BTC #ETH #TelegramCEO Tether, the stablecoin issuer behind USDT, has announced plans to introduce a stablecoin pegged to the United Arab Emirates Dirham (AED). This stablecoin, developed in collaboration with UAE-based tech conglomerate Phoenix Group PLC and Green Acorn Investments Ltd, marks the latest addition to Tether's growing portfolio of stablecoins. Tether’s stablecoin lineup already includes several currency-pegged tokens such as USDT (pegged to the U.S. dollar), EURT (pegged to the
#bitcoinhalving #BitcoinWarnings #BitcoinHodlers #bitcoin IMO this bitcoin halving will NOT be different: - All bitcoin price increase will again be around the halving - Buying 6m before the halving and selling 18m after the halving (green line) will outperform buy&hold - BTC > $100k in 2024 - BTC top > $300k in 2025
The fourth Bitcoin halving in 2024 will cut the reward for Bitcoin mining in half. This will reduce the rate at which new coins are created and lower the overall supply of new coins. Halving has historically led to price fluctuations, as investors anticipate a post-halving rally. #HotTrends #BTC🔥🔥🔥🔥 @Bitcoin Bull #BTC $BTC #indiaceyptotax
Is it true that "Satoshi Nakamoto" is still mailing somebody ?
Recently, never-before-seen emails of Satoshi Nakamoto have been published. For the first time, it is revealed that he did not pitch Bitcoin "as an investment". According to the emails, he believed it was dangerous to refer to it as an investment himself. However, he was fine if people drew that conclusion on their own.#BTC #TrendingTopic #SatoshiNakamoto.?
Every halving to date has had a positive impact on Bitcoin.
Here’s how Bitcoin behaved in the year leading up to each halving:
Halving 1, 2012: +385% and 5,089% in the year after.
Halving 2, 2016: +142% and 284% in the year after
Halving 3, 2020: +17% and 559% in the year after
While a look back at Bitcoin’s previous price action shows that each halving has had a strong positive influence on the asset’s value, this is by no means a guarantee that this next halving will do the same. One of the key tenets for all investors to remember is that past performance does not guarantee the same results in the future. Nonetheless, many analysts believe that this could happen due to the effect on Bitcoin supply and demand. what's your Bitcoin price prediction after this halving?