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Tether’s ‘Genius Idea:’ Launching aUSDT, a Gold-Backed Stablecoin with Higher Profit Potential

On June 17, Tether CEO Paolo Ardoino announced aUSDT, a new synthetic dollar over-collateralized by XAUt, Tether’s gold-backed digital asset. In a post on X on June 18, industry analyst and stock-to-flow creator Willy Woo said it was “A genius business idea by Tether.” Tether’s USDT is currently earning on U.S. Treasury Bills, but now the firm can issue a stablecoin that earns on gold gains, he explained. This has greater potential for profits as, over the long term, gold...

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Ripple’s Upcoming Stablecoin Launch Attracts Scammers: Investors Warned to Be Vigilant

[unable to retrieve full-text content]CoinspeakerRipple’s Upcoming Stablecoin Launch Attracts Scammers: Investors Warned to Be Vigilant The validator further revealed that the ticker and name used for the scam token are not unique on the XRP Ledger. Ripple’s Upcoming Stablecoin Launch Attracts Scammers: Investors Warned to Be Vigilant

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Critics Allege Venezuelan President Maduro Will Use Crypto to Bypass Sanctions

Venezuelan political critics and activists have warned that President Nicolás Maduro and his government are increasingly turning to cryptocurrency transactions as a method to evade international sanctions. This follows the U.S. reinstating gold and oil sanctions recently, following Maduro’s failure to honor an agreement to ensure fair elections scheduled for July. Critics Urge for Stricter Sanctions For nearly two decades, the U.S. has imposed targeted sanctions on Venezuela,...

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