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Tether's $40 million daily inflows indicate rising investor confidence in Bitcoin.

Strike is expanding to Australia, Chile, Colombia, Costa Rica, the Philippines, South Africa, South Korea, and the UAE. This expansion makes it easier for users in these regions to access and manage USDT.

South Korea appeared to be moving towards an economic crisis, especially as the KRW whales shifted their focus towards the USDT stablecoin. Notably, with the South Korean won (KRW) hitting a 15-year low against the dollar, concerns about a looming financial crisis have intensified.

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether's USDT.

Stablecoin inflows of Tether have been key in driving upward momentum, supporting the over two-month crypto bull market.

XRP has recently surpassed Tether (USDT) to reclaim its spot as the third-largest crypto by market cap, following Bitcoin and Ethereum. Meanwhile, this sudden rise follows the global launch of Ripple's new stablecoin, RLUSD. As a result, XRP's market cap now stands at $147 billion, surpassing USDT's market cap of $140.5 billion.

According to its blog post, this move highlights Tether's commitment to the European market. It also shows support for fully regulated stablecoins like StablR's EURR and USDR.

Tether, the issuer of the world's largest stablecoin by market cap, announced on Dec. 17 that it is investing in Malta-based stablecoin firm StablR.

Tether's investment in StablR, euro-backed stablecoins, is to expand stablecoin usage in Europe ahead of the EU's 2024 digital asset regulations, making stablecoins like EURR and USDR more accessible and compliant with the new rules. Tether has invested strategically in StablR, a European startup focused on euro-denominated stablecoins.

TRON surged past dips in mid-2024 to achieve a record-breaking USDT transfer volume in November as stablecoin demand grew globally.

TL;DR Tether invests in StablR, a European stablecoin issuer that complies with the MiCA framework regulations, which comes into effect on December 30, 2024. The investment is part of the company's strategy to align with MiCA without modifying its own stablecoin, USDT, which does not meet all the requirements.

Tether has strategically invested in the European stablecoin issuer StablR, which operates the euro-backed StablR Euro (EURR) and USD-pegged StablR USD (USDR).

This collaboration aims to drive stablecoin adoption in Europe by leveraging StablR's regional expertise and Tether's new tokenization platform, Hadron. The post Tether Backs Euro Stablecoin Startup StablR in Its European Expansion Bid appeared first on Cryptonews.

Tether, the company behind the USDT stablecoin, made an investment in the European firm StablR. The investment comes as the European Union prepares to implement the Markets in Crypto-Assets regulatory framework on December 30, 2024.

Binance, Crypto.com, Kraken and other crypto exchanges continue to list Tether's USDT on their EU platforms weeks before the final MiCA deadline on Dec. 30.

Tether invests in StablR to enhance European stablecoin adoption and liquidity.

Tether, in a latest statement, has revealed that it has invested in StablR, the European stablecoin provider, which seeks to accelerate adoption in the region. Notably, the StablR issues euro and U.S.

Tether e StablR join forces: reliable solutions for the European digital economy

Tether invests in European stablecoin issuer StablR as Europe's MiCA rules approach implementation later this month. The move indicates an effort to navigate regulatory conditions that require fully compliant stablecoin issuance within European markets.

Tether, the issuer of the world's largest stablecoin by market cap, will provide its tokenization tech to Malta-based stablecoin firm StablR.

Tether's investment in StablR could accelerate stablecoin integration in Europe, potentially reshaping the region's digital finance landscape. The post Tether invests in StablR to boost stablecoin adoption in Europe appeared first on Crypto Briefing.

Tether has invested in StablR, a European stablecoin provider, as part of its strategy to bolster digital asset adoption in the EU.

The crypto company behind USDT, the largest stablecoin, decided to shutter its own euro-pegged stablecoin and back smaller issuers that comply with the EU's MiCA regulations.

Warsaw, Poland, 17th December 2024, Chainwire