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Independence Day!

In person exchange spotted in Istanbul, Turkey 🇹🇷

Tether invested in payment processor CityPay.io to accept USDT and Bitcoin payments at 600 shops, hotels and restaurants in Georgia.

Tether is happy to say that the market value of USDT has broken through its all-time high, surpassing the previous USD 83.2 billion.

As Bitcoin's market value has grown, its gains seem to have gradually shrunk, and it has even underperformed many large U.S. stocks since 2018. But believers are still optimistic about the gains.

What Is Tether (USDT)?

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that is equal in USD value to the number of USDT in circulation.

Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

Happy Memorial Day 🇺🇸

May we remember and pay tribute to the fallen heroes who gave their lives to protect the values and freedoms we hold dear.

Today is Bitcoin Pizza Day. The day roots back to May 22, 2010, when Laszlo Hanyecz made history by completing the first real-world Bitcoin transaction by paying 10,000 BTC for two large pizzas.

Since then, May 22 has been a day that holds a special place in the hearts of cryptocurrency enthusiasts worldwide.

Below is a brief overview of Bitcoin prices on other Bitcoin Pizza Days:

▪️2010: $0.004
▪️2011: $6.12
▪️2012: $5.10
▪️2013: $123
▪️2014: $523
▪️2015: $241
▪️2016: $2,109
▪️2017: $8,355
▪️2018: $7,958
▪️2020: $9,060
▪️2021: $37,340
▪️2022: $29,492
▪️2023: $26,774

Tether in 🇧🇷

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A recent blog post on Binance Academy discussing ORC-20 tokens resulted in a remarkable surge in daily trading volume, reaching an unprecedented peak of 72.2k on May 13. During this surge, approximately 70,000 ORC-20 tokens were generated.
It is important to highlight that the transactions involving ORC-20 tokens primarily centered around assets like PUNK, PEPE, and various other MEME-related tokens. These transactions have collectively contributed to a total of 13.22 BTC in fees paid.
Simultaneously, on the same day, the number of BRC-20 transactions amounted to approximately 265k.

The cryptocurrency market in March continued to show growth under regulatory pressure in the United States, with overall trading volume increasing month by month in the first quarter. Bitcoin rose 23% in a single month, surpassing Visa's market capitalization once again.
Since the Ethereum merger, the inflation rate has been -0.114% this year, and in March the inflation rate hit a new record low of -0.324%

: Today, wealth is in information, And the person who has the most timely information owns the wealth. Ask me how, I will lead you to where you can achieve your financial freedom. 💰

Wishing a very Happy Mother's Day to all the wonderful moms out there! Your love and dedication make the world a better place.

DeFi Cheetah, a crypto venture capital researcher, pointed out that the three main problems of current DeFi lending protocols are that interest rates are not random, usage-based lending is inefficient, and credit risk is not combinable. Until these problems are solved, traditional institutions cannot price the risks of lending agreements and cannot bring traditional financial funds into the chain.

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