Tether Paolo Ardoino CEO has predicted a bold predicament about the future of the cryptocurrency market, indicating a new era called “Stablecoin Multiverse”. In a recent tweet, Ardoino shared his vision for the future, with highlighting the increasing dependence of Stablecoins by companies and private governments.
Erdino books: “A new era begins: The Stablecoin Multiver.
In relevant news, Fidelity Investments recently announced that they are testing Stablecoin, as large financial companies continue to enter one of the fastest sectors facing currencies.
The Stablecoin initiative from Fidelity is run by the Digital Assets Department, which provides implementation and custody services for institutional customers for Bitcoin, Ethereum and Litecoin.
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Fidelity experience comes at a time when other major financial institutions try or offer products in this profitable field of digital assets, which are now dominated by Tether (USDT), which cost $ 144 billion. The Stablecoin market ceiling continues to rise and exceed $ 230 billion.
Stablecoins traction acquisition
Stablecoins is gaining the dollar, which is designed to track the value of the US dollar individually, quickly popular. Vision, tape and other major companies invest in or start their STABLECOIN projects.
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Paypal Stablecoin was introduced in 2023, Robinhood and Drocolut among companies that are considering launching one. In Europe, the Cryptoassets section of Societe Genereale SA launched a packed cabin in the euro.
Likewise, Wyoming intends to create an encrypted currency early in July, making it the first stable, fully supported and entirely preserved symbol issued by the United States entity.
The fully proposed Wyoming Wyoming code will be supported by US Treasury bonds, criticism and repurchase, with the legal minimum of 102 %.
