The crypto market saw major developments today, from high-level talks to growing adoption trends. The Trump family is reportedly in discussions to acquire a stake in Binance’s U.S. operations, signaling a potential political shift in crypto influence.
Meanwhile, Telegram's crypto wallet is set to add 50 new tokens and a yield program, expanding its DeFi offerings. In Latin America, stablecoins like USDC and USDt are emerging as essential stores of value as inflation and currency devaluation drive demand for digital alternatives.
Binance conducts ongoing discussions with the Trump family for them to acquire equity in their U.S. exchange operations potentially through World Liberty Financial. Binance's collaboration with the Trump family through World Liberty Financial presents an essential step toward regaining market presence in the United States.
The cryptocurrency wallet service Wallet in Telegram plans to extend its support to at least fifty new digital currencies to improve its offerings. With this update Wallet in Telegram will add support for major cryptocurrencies including Ether and XRP along with memecoins Dogecoin and Pepe.
The upcoming launch will provide users with a yield program which offers reward earnings for maintaining assets such as Tether (USDT) and Toncoin (TON).
Wallet in Telegram provides users with an update that allows cryptocurrency trading through a platform interface for multiple digital assets.
Users can perform transactions between various tokens inside the platform initially but the functionality to conduct trade outside the application will arrive at a later date. The expanding crypto ecosystem of Telegram demonstrates an increased marketplace need for assets and passive earnings in cryptocurrency realms.
A comprehensive survey conducted by Bitso shows that USDC and USDt controls stand as reliable "store of value" instruments across Latin America. The total purchases on Bitso platform rose to 39% during 2024 with stablecoins representing the majority of transactions when compared to the previous year. Users in this challenging macroeconomic environment have turned to digital assets because high inflation and currency devaluation creates an urgent need for financial stability.
Notably , Argentina, together with a number of other Latin American countries, has proven to be a leading market for USDT, with millions of dollars being spent on the currency per month. The increasing usage of stablecoins illustrates its necessity in digital assets that offer an alternative to coordinate financial stability and take the economic route in countries suffering from monetary problems.