Tether Chooses Kava As Gateway for Cosmos USDt
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Federal Reserve Chairman Jerome Powell expressed support for a strong federal role in regulating the stablecoin sector on Wednesday.
The draft law of the Reserve Bank of Australia (RBA) on the regulation of crypto exchanges, custodial services and the issuance of “stablecoins” largely speaks to the potential that stablecoins have in taking a more prominent role in the financial system.
Tether has announced that it will invest up to 15% of its profits into Bitcoin.
The number of transactions with Binance USD (BUSD) has dropped to its lowest level since mid-2021, as observed by Glassnode.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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