Tether

Tether, the issuer of the world's largest stablecoin, USDT, announced a major strategic investment into Parfin, a London-based fintech company with extensive operations across Latin America.

In a landmark development for the Bitcoin ecosystem, Tether, the issuer of the largest stablecoin USD₮, has announced a plan to bring its stablecoin to the Bitcoin network.

A new study by the National Bureau of Economic Research (NBER) has raised serious concerns about the widespread adoption of stablecoins, warning that the very design meant to ensure their stability could make them vulnerable to catastrophic "runs."

The weaker altcoins are slipping below the moving average lines.

Bitcoin, the original cryptoasset, fails to challenge the $50k mark once again. While Bitcoin (BTC) is still struggling below $49,000, Solana (SOL) has overtaken Polkadot (DOT) and USD Coin (USDC) in the last 24 hours to become the world's number 8 cryptocurrency by market cap.

The cryptocurrency market, which successfully rebounded on the morning of the 16th of March, turned into a bear market again. Bitcoin broke the $5,000 line and is now settling just above the $4600 price level.

While the cryptocurrency market declined overall, the 10th largest coin by market capitalization, Tezos (XTZ), fell 9%, the biggest drop among the top 10 cryptocurrencies. The world’s original altcoin Bitcoin (BTC) has also plummeted by over 4 percent. Tether (USDT) has continued to trade in green for the past one week and it currently has the biggest daily volume of $47.73 billion and the supply of 4.64 bln.

BaseFEX, a professional cryptocurrency derivative trading platform, today announced the launch of the world’s first USDT-Settled Perpetual Contracts. BaseFEX offers pairs BTC/USDT with up to 100x leverage and ETH/USDT with up to 20x leverage.

The New York (NY) Supreme Court will modify the injunction against cryptocurrency exchange Bitfinex because it is vague and unclear. The injunction against the company’s digital currency business, was obtained by NYAG. The court made a ruling that Tether should not loan cryptocurrencies to the exchange, unless it is a standard recognized way of doing its commercial activities.