Tether (USDT), a cryptocurrency stablecoin backed by the U.S. dollar and owned by iFinex, has been favored by investors seeking stability in the cryptocurrency market. Despite its popularity, concerns about transparency and reserve management have cast doubt on its reliability. In...
The Bank of Korea has unveiled its selection of three regions for potential testing of the central bank digital currency (CBDC) in South Korea, with the country’s capital city, Seoul, conspicuously absent from the list. The chosen regions, comprising Jeju, Busan, and Incheon, have...
Fantasy-sports firm Sorare is taking steps to attract a wider audience by embracing traditional fiat currencies, including the U.S. dollar, euro, and British pound. The move comes as Sorare aims to fuel further growth and reduce the association with cryptocurrencies as a barrier to...
A groundbreaking study conducted by Ripple in collaboration with the US Faster Payments Council has unveiled the immense cost-saving potential of blockchain technology for financial institutions. Out of the 300 leaders in the payments industry across 45 countries who participated in...