Bitcoin set to receive USDT via Tether's advanced RGB protocol launch
In the world of cryptocurrencies, there's always something new and exciting happening. Here's a summary of the latest developments:
Tether's USD₮ Makes its Way to Bitcoin
Tether's USD₮ (USDT) has now become available on Bitcoin through the RGB protocol. This symbolic return to the blockchain where it all began for Tether offers an alternative to USDT and reinforces confidence in Bitcoin as the future of a free financial world, according to Tether CEO Paolo Ardoino. The collaboration between Tether and the RGB Protocol marks a significant step towards combining Bitcoin's robust base-layer security with Tether's proven stability.
Tether and RGB Protocol Team Up
The institutions involved in this collaboration include Tether itself and the RGB Protocol Association, which supports developers and institutions seeking private, scalable, and user-controlled asset rails on the Bitcoin network. RGB works with the Lightning Network, enabling fast, cheap, and scalable transactions, including micropayments, cross-border remittances, and online retail transactions. USD₮ transactions on RGB can function offline, which is useful in areas with restricted or unreliable internet access.
Santander Joins the Crypto Fray
Santander's Openbank is now offering Bitcoin, Ether, and more to European users. This move could further cement Bitcoin's role in global finance by reducing dependence on other blockchains for stablecoins.
Other Notable Developments
- Nvidia's stock took a 3% hit as China accused the company of breaching anti-monopoly law.
- Pantera Capital has backed Solana with a $1.1B bet, targeting a Bitcoin price of $750K.
- Solana creators earned $19.3M from Pump.Fun streams.
- Larry Ellison's portfolio includes OpenAI, Paramount, Warner Bros., and TikTok.
- UAE M2 crypto exchange has changed its business model.
- XRP and Dogecoin ETFs are set to launch this week.
- Hackers seized the FBI's botnet takedown targets and built a stronger cyberweapon from it.
- One user lost $1M USDC to MEV bot after a mistaken transaction.
- RGB's unique architecture validates transactions privately on the user's device, providing stronger privacy compared to traditional beacon chains.
- RGB positions Bitcoin as a central hub for the digital economy.
- Next Technology filed for a $500M common stock offering to buy more BTC.
- Santander's move follows a growing trend of traditional financial institutions embracing cryptocurrencies.
- The Monero double-spending threat has grown after a block reorganization, posing a challenge to the cryptocurrency's security.
- A user lost $1M USDC to a MEV bot after a mistaken transaction, highlighting the importance of understanding the complexities of decentralised finance.
Stay tuned for more updates in the ever-evolving world of cryptocurrencies!
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