Latest news with #Tron
Yahoo
9 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
14 hours ago
- Business
- Yahoo
Tron's TRX Faces Rising Risk of Bearish Momentum After High-Volume Drop to 27 Cents
Tron's native token, TRX, faced intense selling pressure in the past 24 hours, marking a price from 27.7 cents to 27 cents. The high-volume decline happened alongside turbulence in the broader market influenced by geopolitical tensions and evolving investor sentiment. These macroeconomic factors compound the challenges already presented by high trading volumes. However, the final hour of analysis revealed some market resilience, where TRX slightly recovered from a dip below 27 cents. The 24-hour price drop from $0.277 to $0.270, with a closing price of $0.269, was accompanied by significant volume spikes, reaching 156.716 million, indicating selling pressure. Price volatility between a high of $0.278 and a low of $0.268 was observed. High trading volume points to potential further downward pressure on TRX prices. The quick rebound from under $0.27, coupled with a continued trading interest, suggests a critical support level that may prevent further declines. Sign in to access your portfolio
Yahoo
15 hours ago
- Business
- Yahoo
U.S. Sanctions Funnull for Role in Pig Butchering Scam, Huione-Linked Crypto Wallets
The U.S. Department of the Treasury Office of Foreign Assets Control (OFAC) imposed sanctions on Funnull Technology, a provider of technology for websites allegedly involved in so-called pig butchering scams, and two cryptocurrency wallets said to be linked to Huione Group. Philippines-based Funnull also directly facilitated a scam involving virtual currencies resulting in over $200 million in victim losses, OFAC said in a Thursday press release. In addition, the company is alleged to have acquired several IP addresses from mainstream cloud service providers to sell to cybercriminals. The sanctions also cover a Funnull administrator, Liu Lizhi. The majority of cryptocurrency investment scam websites reported to the FBI are linked to Funnull," Blockchain security firm Elliptic said in a blog post, which also identified the sanctioned wallets as being linked to Huione. The wallets on Ethereum and Tron received funds directly from Huione Pay, part of Huione Group, Elliptic said. Huione was labeled as a "primary money laundering concern" by FinCEN earlier this month. The two addresses received more than $4 million in total, according to Elliptic.
Yahoo
a day ago
- Business
- Yahoo
Rain Expands Stablecoin Visa Cards to Solana, Tron and Stellar as Digital Payment Gains Momentum
Rain, a crypto card platform that lets users spend stablecoins anywhere Visa (V) is accepted, said it has added support for Solana SOL, Tron TRX and Stellar XLM networks. The update makes it easier for companies building on those chains to launch their own branded cards, backed by either custodial or non-custodial wallets, that work across borders and payment use cases. Users can then pay with stablecoins in real-world scenarios like buying groceries, sending business payouts or receiving funds overseas. The move underscores the growing trend of using blockchain rails for everyday payments, primarily in the form of stablecoins, a special subset of digital tokens tied to fiat currencies. Stablecoin payment volume taken in February of this year amounted to an annualized $72.3 billion, a fresh report from Artemis showed. Rain raised $24.5 million in a Series A round in March and says demand for card programs tied to stablecoins is accelerating, especially among platforms looking to bridge digital assets and everyday spending. The startup claims it's the only Visa Principal Member offering multi-chain card issuance out of the box, meaning developers can tap into one API to roll out global payments using stablecoins. The firm already supports Arbitrum, Optimism and Polygon, but the new additions bring in networks known for speed (Solana), remittances (Stellar) and high stablecoin volume (Tron). Applications including KAST and Offramp are already putting the platform to use, the company said. KAST, built on Solana, issues cards that connect directly to users' wallets, enabling real-time spending. Offramp, based on Tron, is rolling out cards in Latin America to expand access to dollar-based in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
Tether, Tron Dominate Fast-Growing Stablecoin Payments Arena, Survey Shows
Tether's USDT token and the Tron blockchain network dominate the rapidly growing stablecoin payment industry, according analytics firm Artemis with help from investment firms Dragonfly and Castle Island Ventures. A report entitled 'Stablecoin Payments from the Ground Up' looked at data from 31 stablecoin payment companies, and found USDT, the largest stablecoin, accounted for 90 percent of payment transaction volume, followed by Circle's USDC, the second-largest. Tron was the preferred settlement network, hosting around 60 percent of volume, followed by Ethereum, Binance Smart Chain and Polygon. The snapshot of stablecoin payment volume taken in February added up to an annualized $72.3 billion, covering various payment types and sectors (B2B, P2P, B2C, Card, and Lending). Stablecoins, predominantly U.S. dollar-pegged digital tokens, were originally used to conveniently park money while trading cryptocurrencies. But these low-cost, instantly-settled financial instruments are now eating payments across the board, with bullish estimates on the potential size of that market coming from both crypto native firms and major banks. It's perhaps surprising that the share of Circle's USDC isn't larger, given the firm's involvement in payments and recent plans to introduce a dedicated cross-border payments network. In addition, Circle, which this week filed for an initial public offering on the New York Stock Exchange, has been taking market share from Tether in terms of issuance, so the expectation might have been a similar or pro-rata level when it comes to payments volume, said Dragonfly general partner Rob Hadick. 'For the 31 providers we got data from at least, it's clear that's not the case for the payments use case,' Hadick said in an interview. 'In fact, a higher portion of the volume, relative to the issuance, is happening with Tether, and it's happening primarily on Tron and then Ethereum. This was quite surprising to us.' This perspective is partly shaped by the fact that a lot of business-to-business uses, such as paying suppliers for global supply chains, is happening from emerging markets to the U.S. or from the U.S. to emerging markets. In some of those markets, places like Argentina or Brazil, for instance, people might be worried about things like bank failures, and Tether is seen as a trusted brand, Hadick said. Moreover, firms that use stablecoins for payments have little concern about which blockchain is being used to settle on. Tron is fast and cheap and there's over $60 billion of USDT on the chain, so it simply makes sense, he added. 'If you go to Argentina or Brazil, people don't say they want to use stablecoins, they say we use Tether,' Hadick said. 'Tether is the brand that is ubiquitous with USD access, in the same way that in the U.S. Uber is ubiquitous with taking a car that you call from your phone.' Sign in to access your portfolio
