🚨 LATEST: Nubank is reportedly testing the integration of a “digital dollar” with its credit card, according to vice chairman Campos Neto. https://t.co/Q0GOVRsqXM ...

🇺🇸 EXCLUSIVE: Tether's Paolo Ardoino explains the dual role of USDT and USA₮“USDT has become the digital dollar for emerging markets, serving nearly 500 million people across Africa, Latin America, and Southeast Asia. It was built for the unbanked and underserved in developing regions.By contrast, USA₮ is designed for the U.S.—branded for the U.S. market, aligned with domestic regulations, and built to expand financial access to communities still underserved in America. ...

Bitcoin and Crypto Market Risks - Bitcoin market is subject to rapid changes and uncertainty, with investments potentially susceptible to fraud and manipulation due to a lack of regulation [1] - Bitcoin investments carry unique risks, including price volatility, lack of liquidity, and theft [1] - ARK strongly encourages investors to consult with a financial professional before investing in Bitcoin or any other digital asset [2] Tether (USDT) and Stablecoins - USDT was created in 2014 to facilitate the movement of digital dollars across exchanges at the same speed and low friction as Bitcoin [11] - USDT's initial version ran on the Bitcoin layer (Omnilayer) before Ethereum became prominent [15] - Tether's USDT market cap grew from $4-6 billion at the beginning of 2020 to over $40 billion by the end of 2020, reaching $163 billion currently [18][19] - USDT's utility expanded from pure crypto trading to real-world applications, especially in emerging markets where it serves as a digital dollar alternative [20] - Tether holds more than 130 billion US dollars in US Treasuries, over 90 tons of gold, and more than 100,000 Bitcoin as part of its reserves [45][46] - Tether's reserves are more than 103% collateralized, with $2 billion more in liquid assets than the total outstanding USDT tokens [47] - Tether has a gold-backed stablecoin called Tether Gold (XAUt), valued at 800 million US dollars [52] Regulatory and Transparency - Tether releases quarterly attestations by BDO, a top-five auditing firm, to independently confirm its reserves [55] - Tether is incorporated in El Salvador and regulated under its regulatory regime for stablecoins [56] - Tether works with over 250 law enforcement agencies across more than 50 countries [57] - Tether guarantees the value of its stable currency, with every USDT redeemable for 1 US dollar minus redemption fees of 10 basis points [57] Future Plans and Market Dynamics - Tether is exploring new products for developed markets, including the US, to bring new utility to users beyond the existing stablecoin model [59] - The Genius Act has opened the door for banks and institutions to launch stablecoins, increasing competition in the market [58] - Commodity traders are increasingly using USDT to close commodity trading deals due to its widespread adoption and stickiness in emerging markets [59] - Stablecoins can eliminate inefficiencies in the transaction process, reducing both costs and time, which are particularly beneficial in emerging markets [59]

I asked @samkazemian about why it's crucial for frxUSD to become the defacto legal, safe, transparent digital dollar that the US government would actually consider a dollar... 👀https://t.co/611oCZZqwR ...