Bybit and Tether Collaborate Strategically to Boost Cryptocurrency Acceptance in Brazil
In the rapidly evolving world of cryptocurrency, there's been a flurry of exciting developments this week. Let's delve into some of the key highlights.
Bybit and Tether Team Up
Bybit, the second-largest cryptocurrency exchange by trading volume, has announced a partnership with Tether, the leading stablecoin issuer. This collaboration aims to boost cryptocurrency adoption in Brazil through institutional partnerships, major event sponsorships, and educational initiatives. Bybit and Tether are discussing integrating cryptocurrency into Rio's tourism sector, offering discounts and USD₮ bonuses to tourists.
Bybit's Brazilian Expansion
Israel Buzaym, appointed as Bybit's Country Manager for Brazil earlier this year, has led the charge in Bybit's significant expansion in the country. The exchange has launched tailored offerings such as Bybit Pay and the Bybit Card, and has also rolled out a national educational program to increase crypto literacy and drive responsible adoption.
Bybit and Tether at Blockchain Rio
The partnership will co-sponsor Blockchain Rio, a major blockchain conference in Latin America. New users who register on Bybit's platform during the event will receive an exclusive USD₮ bonus.
Other Notable Developments
- Tether has a market capitalization exceeding $114 billion, making it the leading stablecoin player.
- Binance Alpha users need 200 points on Sep 17 for the MAIGA token launch, and can claim the MRLN airdrop starting September 16.
- Grayscale has launched a CoinDesk Crypto 5 ETF post-SEC approval.
- The SEC has held a cryptocurrency roundtable on financial surveillance and privacy.
- Google and Coinbase have collaborated on an AI payment protocol launch.
- Bullish Europe has secured a German crypto license for EU expansion.
- Record 92 cryptocurrency ETF filings have been made in the U.S., awaiting SEC decision.
- Hong Kong has set new guidelines for virtual asset accounting.
In Other News
- Elon Musk has launched an AI-driven software company, Macrohard.
- Remi Tech has launched a new infrastructure for compliant stablecoin settlement.
- The Aleo Network Foundation and Request Finance have partnered to launch the first private crypto payroll.
- RCMP has conducted a $56 million cryptocurrency seizure in Canada.
- Top 7 cutting-edge blockchain & crypto mining platforms have been identified.
- BingX has launched AI Master, a world-first AI crypto trading strategist.
- Coinbase has introduced on-chain DeFi lending with Morpho integration.
Stay tuned for more updates in the ever-evolving world of cryptocurrency!
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