CRYPTO

Authored by Helen Partz via CoinTelegraph.com,

Russian companies have been using cryptocurrencies like Bitcoin and USDt to facilitate trade with China and India amid international sanctions, according to a Reuters report.

Russian oil companies have used crypto assets including Bitcoin and Tether’s USDt for international trade, Reuters reported on March 14, citing four sources with direct knowledge of the matter.

One Russian oil trader reportedly conducts tens of millions (more…)

The United States Senate Banking Committee elected to advance the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in an 18-6 vote.

As CoinTelegraph reports, GENIUS Act backers faced pushback from bankers and their allies in the US Senate over fears that stablecoins will disintermediate banks and erode banking market share.

According to an article from American Banker, the bill requires 60 votes to pass in the Senate, meaning that at least seven (more…)

Authored by Stephen Katte via CoinTelegraph.com,

Onchain activity for Tether has hit a sixth-month high, possibly indicating traders are gearing up to jump back into the market, according to analysts.  

Data shared by the blockchain data platform Santiment in a March 12 X post shows Tether’s onchain activity has been on the rise, peaking with over 143,000 wallets making transfers on March 11, the highest in six months.

Onchain activity for Tethers USDT has (more…)