All by tag: Tether

The funds will be used to increase the availability of stablecoin payments

The collaboration aims to increase decentralization of the blockchain

Transactions related to the new platform may also be blocked due to sanctions evasion

Previously, the list of approved cryptocurrencies only included BTC, ETH, XRP, and XLM

The US authorities imposed sanctions against Garantex back in 2022

The asset will be backed by treasury bonds and tokenized assets

The company did not disclose the financial details of the deal but said the move is in line with its broader investment strategy

According to the financial giant, regulatory changes could force the company to sell off bitcoins

The Taproot Assets network will be used for the integration

Earlier, Coinbase also removed the asset from its European platform

Earlier, the exchange has already disabled the ability to trade the asset for European users

The asset will allow USDT to move seamlessly between different blockchains