KuCoin Exchange Debuted USDT-Dominated NFT ETFs: Report

The KuCoin exchange debuted USDT-dominated NFT ETFs and the new investment product aims to increase liquidity and access to leading NFT token collections like BAYC so let's read more today in our latest cryptocurrency news.

Timeline of Kucoin-token, Tether

The KuCoin exchange has made another step to developing the NFT market with the launch of the NFT EFT Trading Zone. The product is intended to lower entry barriers for over 20 million users and make NFT investments with blue-chip backing possible on the basis of the USDT stablecoin.

Crypto exchange KuCoin has started offering fractional ownership of blue-chip NFT collections via an Exchange-Traded Fund. The post KuCoin Launches Landmark NFT ETF, Tracking Major Collections appeared first on BeInCrypto.

Cryptocurrency exchange KuCoin announced on Friday the launch of NFT exchange-traded funds (ETFs) to allow fractional ownership of popular digital tokens, such as Bored Ape Yacht Club (BAYC), to its users. The exchange stated the offering was aimed at improving the liquidity of NFT assets and lowering the investment threshold of blue-chip NFTs.

KuCoin CEO Johnny Lyu says that the digital asset exchange is launching a new fund to address fear, uncertainty, and doubt (FUD) along with misinformation in the crypto space. Earlier this month, Lyu had to address claims that KuCoin is facing financial troubles due to its exposure to embattled crypto projects.

Tether reiterated that it holds no Chinese commercial paper and said that the spreading of false information is the biggest threat to the crypto industry today so let's read more today in our Tether latest news.

Binance cryptocurrency exchange has announced that its users can now deposit their Tether (USDT) stablecoins on the platform via the Tezos (XTZ) protocol. The integration comes barely one week after the USDT stablecoin went live on the Tezos blockchain.

KuCoin Pool, a leading mining pool built by KuCoin, is sponsoring Mining Disrupt 2022. The current market climate and strategies to combat it will be the primary topic of the conference.

Tether Holdings Ltd, the USDT stablecoin issuer, has once again rebutted growing rumours about the composition of its reserve base. The issuer said they have no Renminbi holdings on its reserve.

OKX has developed additional OKX Chain bridges that will provide smarter, more efficient and more affordable on-chain trading for usersUsers trading Tether tokens on OKC will not be charged any fees when they withdraw.

Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers. The post Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves appeared first on BeInCrypto.