Latest news with #MiCA
Yahoo
10 hours ago
- Business
- Yahoo
USDT Price Prediction - What could affect USDT's future price?
USDT price prediction remains stable near its $1 peg, though Tether USDt faces risks from regulatory changes, reserve management scrutiny, and rising competition. Its market dominance and strategic positioning continue to provide a layer of resilience. - Regulatory crackdowns could destabilize operations or demand - Reserve transparency remains critical for maintaining trust - Banking partnerships and institutional adoption may offset risks The GENIUS Act advancing in the U.S. Senate would mandate 100% reserve backing and federal oversight for large stablecoin issuers like Tether. While this could enhance credibility, compliance costs might pressure profitability. Globally, the EU's MiCA regulations and Thailand's approval of USDt for trading create a patchwork of requirements that could complicate cross-border liquidity. Tether's exposure to U.S. jurisdiction via the proposed 'Genius Stablecoin Act: UNCHAINED' introduces legal uncertainty, though CEO Paolo Ardoino's plans for a compliant institutional stablecoin suggest proactive adaptation. Tether holds $120B in U.S. Treasuries – more than Germany's national holdings. While this anchors stability, 80%+ exposure to government securities creates interest rate risk if the Fed cuts rates. Competitors like bank consortium stablecoins (JPMorgan, BofA) and CBDCs could erode Tether's 68% stablecoin market share, though its first-mover advantage and 75.7B USDT on Tron for low-cost transactions provide defensive moats. USDT price prediction depends on the stablecoin's ability to navigate regulatory landmines while maintaining reserve credibility and blockchain agility. Over the next 6–12 months, Tether's treasury-heavy strategy and shift toward institutional products will be tested against rising competition and mounting compliance pressures. USDT price prediction reflects mixed sentiment—bullish due to Tether USDt's market dominance and financial strength, yet tempered by persistent regulatory concerns. - Bullish: Record Treasury reserves ($120B) and Tron blockchain dominance (75.7B USDT). - Bearish: Regulatory scrutiny over transparency and potential deposit outflows from banks. - Neutral: Expansion into AI, telecom, and compliant stablecoins diversifies risk. Market sentiment leans cautiously bullish due to USDT's $120B U.S. Treasury reserves and 75.7B USDT minted on Tron (surpassing Ethereum), driven by lower fees and faster transactions. However, skepticism persists around audit transparency and regulatory risks, with the Federal Reserve warning stablecoins could destabilize banks by accelerating deposit outflows. Tron's dominance: 75.7B USDT now exists on Tron (vs. Ethereum), favored for cost efficiency. Analysts note this could shift blockchain competition dynamics. Regulatory pressure: U.S. senators are pushing the GENIUS Act to mandate Treasury-backed reserves for stablecoins, which Tether already fulfills. Diversification: Tether's ventures into AI, telecom, and gold-backed tokens (e.g., XAUt in Thailand) aim to reduce reliance on USDT. Paolo Ardoino (Tether CEO): Emphasizes transparency efforts (audit talks with Big Four firms) and plans for a compliant stablecoin targeting institutions. U.S. lawmakers: Bipartisan support for the GENIUS Act reflects urgency to regulate stablecoins, potentially legitimizing USDT but imposing stricter oversight. Banks: Fifth Third Bancorp and Russian banks now integrate USDT for cross-border payments and investment products, signaling institutional adoption. USDT price prediction is closely tied to the stablecoin's dominance, which hinges on Treasury-backed stability and Tron's efficiency. However, its long-term resilience will depend on regulatory clarity and successful diversification into compliant products. Will the GENIUS Act's passage solidify USDT's legitimacy—or expose new vulnerabilities? To get the latest update on Tether, visit our USDT currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Crypto Exchange Bybit Granted MiCA License in Austria
Crypto exchange Bybit has been granted a license in Austria in compliance with Europe's framework for dealing in digital assets, the Markets in Crypto Assets (MiCA) regime, according to the website of the local regulator FMA. Europe's new MiCA rules came into force at the start of this year, prompting firms to select the most appropriate member state to base operations and passport services across the 27-country trading block. Austria is also the MiCA home base of crypto trading firm Bitpanda which also holds a licence in Germany. Founded in 2018 by entrepreneur Ben Zhou, Bybit, which has risen to become the second largest exchange by volume according to CoinMarketCap, is based in Dubai having moved its headquarters from Singapore in 2022. In February 2025, the exchange was hacked resulting in the loss of $1.5 billion in assets in the largest cryptocurrency theft on record. Bybit did not immediately respond to requests for comment.
Yahoo
a day ago
- Business
- Yahoo
Santander's Bold Crypto Play: Is Europe's Next $2 Trillion Bank Bet Here?
Banco Santander (NYSE:SAN) is quietly preparing for its biggest move yet in digital finance. According to people familiar with the matter, the Spanish banking heavyweight is weighing whether to roll out stablecoins through its digital arm, Openbank. The plan? Possibly launch euro- and dollar-denominated tokens, or partner with an existing player. Openbank has already applied for the necessary licenses under the EU's MiCA regulation, teeing up a potential rollout across Spain, Germany, the Netherlands, and Portugal. If approvals come through, Santander could enter the crypto ring as early as this year. Warning! GuruFocus has detected 6 Warning Sign with SAN. Why now? Stablecoins are evolving from trading tools into real-world payment infrastructure. They're being used to settle bonds, move money across borders, and support faster transactionsall without relying on traditional rails. In the U.S., Trump's pro-crypto stance and recent progress on stablecoin legislation are nudging banks to get serious. Standard Chartered estimates that the value of dollar-linked stablecoins could hit $2 trillion by 2028 if the bill passes. Santander, with its deep presence in Latin America and exposure to volatile currencies, could be positioning itself to capitalize on that momentumespecially with dollar stablecoins gaining ground in emerging markets. This isn't a sudden pivot. Santander was early to blockchaininvesting in Ripple, joining industry initiatives like Fnality, and experimenting with tokenized bonds nearly a decade ago. Now, with BBVA, Deutsche Bank, SocGen, and others jumping in, the digital asset arms race in Europe is heating up fast. If Openbank goes live, it won't just be another bank offering crypto. It could be a serious contender shaping how Europeand parts of Latin Americamove money in the next phase of finance. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Santander's Bold Crypto Play: Is Europe's Next $2 Trillion Bank Bet Here?
Banco Santander (NYSE:SAN) is quietly preparing for its biggest move yet in digital finance. According to people familiar with the matter, the Spanish banking heavyweight is weighing whether to roll out stablecoins through its digital arm, Openbank. The plan? Possibly launch euro- and dollar-denominated tokens, or partner with an existing player. Openbank has already applied for the necessary licenses under the EU's MiCA regulation, teeing up a potential rollout across Spain, Germany, the Netherlands, and Portugal. If approvals come through, Santander could enter the crypto ring as early as this year. Warning! GuruFocus has detected 6 Warning Sign with SAN. Why now? Stablecoins are evolving from trading tools into real-world payment infrastructure. They're being used to settle bonds, move money across borders, and support faster transactionsall without relying on traditional rails. In the U.S., Trump's pro-crypto stance and recent progress on stablecoin legislation are nudging banks to get serious. Standard Chartered estimates that the value of dollar-linked stablecoins could hit $2 trillion by 2028 if the bill passes. Santander, with its deep presence in Latin America and exposure to volatile currencies, could be positioning itself to capitalize on that momentumespecially with dollar stablecoins gaining ground in emerging markets. This isn't a sudden pivot. Santander was early to blockchaininvesting in Ripple, joining industry initiatives like Fnality, and experimenting with tokenized bonds nearly a decade ago. Now, with BBVA, Deutsche Bank, SocGen, and others jumping in, the digital asset arms race in Europe is heating up fast. If Openbank goes live, it won't just be another bank offering crypto. It could be a serious contender shaping how Europeand parts of Latin Americamove money in the next phase of finance. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Santander's Bold Crypto Play: Is Europe's Next $2 Trillion Bank Bet Here?
Banco Santander (NYSE:SAN) is quietly preparing for its biggest move yet in digital finance. According to people familiar with the matter, the Spanish banking heavyweight is weighing whether to roll out stablecoins through its digital arm, Openbank. The plan? Possibly launch euro- and dollar-denominated tokens, or partner with an existing player. Openbank has already applied for the necessary licenses under the EU's MiCA regulation, teeing up a potential rollout across Spain, Germany, the Netherlands, and Portugal. If approvals come through, Santander could enter the crypto ring as early as this year. Warning! GuruFocus has detected 6 Warning Sign with SAN. Why now? Stablecoins are evolving from trading tools into real-world payment infrastructure. They're being used to settle bonds, move money across borders, and support faster transactionsall without relying on traditional rails. In the U.S., Trump's pro-crypto stance and recent progress on stablecoin legislation are nudging banks to get serious. Standard Chartered estimates that the value of dollar-linked stablecoins could hit $2 trillion by 2028 if the bill passes. Santander, with its deep presence in Latin America and exposure to volatile currencies, could be positioning itself to capitalize on that momentumespecially with dollar stablecoins gaining ground in emerging markets. This isn't a sudden pivot. Santander was early to blockchaininvesting in Ripple, joining industry initiatives like Fnality, and experimenting with tokenized bonds nearly a decade ago. Now, with BBVA, Deutsche Bank, SocGen, and others jumping in, the digital asset arms race in Europe is heating up fast. If Openbank goes live, it won't just be another bank offering crypto. It could be a serious contender shaping how Europeand parts of Latin Americamove money in the next phase of finance. This article first appeared on GuruFocus. Sign in to access your portfolio
