Cointime

Cointime

Download App
iOS & Android
Home / Projects

Xapo Bank Integrates Tether (USDT) for USD Accounts, Becomes First Regulated Bank to Replace SWIFT System

Gibraltar's Xapo Bank has become the first fintech in the world to use U.S. Dollar Tether (USDT) infrastructure for transferring U.S. dollars between its accounts. The integration is compatible with MiCA requirements. Xapo Bank previously integrated USD Coin (USDC) by Tether's main rival Circle Inc. in the same manner. The use of stablecoin infrastructure allows Xapo Bank users to receive yield on their holdings, and the integration is fully compliant with the MiCA framework. Tether (USDT) recently set a new record for the net market capitalization of its stablecoin, with a circulating supply exceeding $83.6 million across various blockchain platforms.

Tether USDt Tether USDt $1.00
+0.01%
USDT
Comments

All Comments

Recommended for you

  • XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8) on November 22

    On November 22nd, XEX officially launched the Slerf/USDT perpetual contract at 19:00 (UTC+8).

  • Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts

     Binance will launch SLERFUSDT and SCRTUSDT perpetual contracts with a maximum leverage of 75x on November 21, 2024 at 11:30 (UTC).

  • Lido is preparing a blockchain identity verification platform codenamed "Y" to compete with World Network

    According to insiders, Cyber Fund, led by Lido co-founders Konstantin Lomashuk and Vasiliy Shapovalov, is preparing a blockchain identity verification platform codenamed "Y" to directly compete with Sam Altman's World Network. Unlike World Network, which uses iris scanning for identity verification, the Y project will use users' social media and blockchain activity data, combined with Ethereum Attestation Service, to verify their identity. The solution aims to address the risk of biometric data leakage and minimize the potential for fraud.

  • The country's first digital RMB-based intellectual property securitization product was successfully issued

    "Yongxing-Guofu-Ningbo Intellectual Property Asset Support Special Plan (Specialization and Innovation)" with Yongzheng Asset Management as the manager and Yongxing Securities as the sales organization held a listing ceremony on the Shanghai Stock Exchange. The first issue size was 138 million yuan, with a term of 1 year and a coupon rate of 2.2%. The product's priority bond rating was AAA, and it was the first knowledge-based securities product to be invested in digital RMB form nationwide, and also a breakthrough in the Ningbo knowledge-based securities project.

  • APT breaks through $9.5

    market showed that APT broke through $9.5 and is now reporting at $9.51, with a 24-hour drop of 4.04%. The market is volatile, so please be prepared for risk control.

  • BTC falls below $72,000

    the market shows BTC has fallen below $72,000, currently trading at $71,959.7 with a 24-hour increase of 0.69%. The market is volatile, please be prepared for risk control.

  • BTC breaks through $67,300

    market data shows that BTC has broken through $67,300 and is currently trading at $67,301.99, with a 24-hour increase of 0.56%. The market is volatile, so please be prepared for risk management.

  • BTC falls below $67,000

    the market shows BTC has fallen below $67,000 and is now trading at $66,999.23, with a 24-hour decline of 0.6%. The market is volatile, so please be prepared for risk control.

  • BTC breaks through $67,000

    According to Jinse Finance, the market shows that BTC has broken through $67,000 and is now trading at $67,002, with a 24-hour decline narrowing to 1.51%. The market is volatile, please be prepared for risk control.

  • IBIT had a net inflow of US$291 million yesterday

    According to data from Bloomberg Terminal, the net inflow of $291 million was recorded yesterday for the BlackRock Bitcoin Spot ETF IBIT.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

Delysium $AGI & AI Private Yacht Party

March 27 - March 27
Seoul

Popular Tags

Cointime
News
Contents
RSS
Company