Biden administration to cryptocurrencies His negative attitude towards the country hindered the country’s potential in this field. On the contrary, Trump said that he would make the country the crypto capital, but it is not known what concrete steps he will take. We may see that the Trump-supported rise is postponed until the beginning of February because the candidates in the administration will be approved by this date.
Tether Last Minute
The world’s largest stablecoin by market value Tether (USDT) The biggest in its field. And in fact, it is the fourth largest cryptocurrency by market cap among all cryptocurrencies. cryptocurrency unit. However, it has just announced that it will move its headquarters to El Salvador. This is bombshell news and the IMF’s Bitcoin $92,802.9 It comes as he puts pressure on El Salvador to reduce its work.
The official announcement read:
“Tether and its subsidiaries are about to complete all formalities to relocate to El Salvador following the successful acquisition of the Digital Asset Service Provider (DASP) licence, marking a step in Tether’s journey to promote global Bitcoin adoption as a stablecoin issuer. This strengthens Tether’s position in one of the world’s most forward-thinking markets and encourages more efficient development and deployment of cutting-edge solutions in a dynamic environment where innovation thrives. “
The company’s CEO explains El Salvador’s belief in Bitcoin and to cryptocurrencies He said that his support encouraged them.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
