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stablecoins
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Altcoin NewsNews
Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise
by Jeremyby JeremyIn a 13 submit to X (previously Twitter), Bitwise’s Ryan Rasmussen outlined ten bullish predictions for the crypto trade in 2024, with one of many main themes being the explosive progress of the stablecoin on Bitwise, stablecoins shall…
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Bitcoin NewsNews
Bybit sees BTC, ETH ‘flight’ of institutional traders to stablecoins, however not for lengthy
by Jeremyby JeremyThe report discovered that institutional merchants had some 45% of their belongings in stablecoins, with the remaining break up 35% in Bitcoin (BTC), 15% in Ether (ETH) and solely 5% in altcoins, which the alternate categorizes as something apart from…
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Bitcoin NewsNews
Paxos receives in-principle approval to difficulty stablecoins in Abu Dhabi
by Jeremyby JeremyIn a 29 announcement, Paxos stated the Monetary Companies Regulatory Authority within the Abu Dhabi International Market had granted in-principle approval for the corporate to difficulty United States dollar-backed stablecoins in addition to “provide crypto-brokerage and custody companies” within…
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Altcoin NewsNews
Stablecoins will stay ‘indispensable’ in Argentina beneath new president — Ripio CEO
by Jeremyby JeremyArgentina’s crypto group has responded with nice enthusiasm to the election of the previous economics professor, Serrano Argentina-based cryptocurrency change Ripio noticed a 180% rise in new customers in October and a 110% week-on-week improve in new customers on…
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In outlining its causes, the BIS defined that from January 2019 to September 2023, fiat-backed stablecoins maintained their peg ratio solely 94% of the time, lower than the 100% usually promised in initiatives’ white In the meantime, the peg…