Polkadot registers spike in USDT revenue; what could it mean for traders

Polkadot DOT recently released the latest edition of its weekly digest, which mentioned all the notable developments that happened in the ecosystem over the last week. All of the developments looked quite promising as they helped increase the capabilities of the network while adding more value to it.

Timeline of Polkadot-new, Tether

The Polkadot price analysis is bullish for today as the bulls have continued their lead for the last 24 hours. The coin price has recovered to $6.19 due to continuous bullish efforts the DOT/USD pair faces resistance at the $6.20 level.

The cryptocurrency market cap saw net outflows of $1.11 billion over the past 24 hours, pushing the total to $929.47 billion as of press time. The post CryptoSlate Daily wMarket Update – Oct. 24: Polkadot sees slight gain as market rut continues appeared first on CryptoSlate.

In a blog post, Wood admitted that being a CEO was a role he had never coveted — and having this position for a prolonged period of time would not give him "eternal happiness."

Gavin Wood is stepping down from his position as CEO of Parity, the development firm behind interoperable blockchain Polkadot (DOT). In a new company blog post, Polkadot co-creator Gavin Wood says he's leaving his position to spend more time on making blockchain technology more relevant to the public.

Polkadot price analysis indicates DOT prices opened the daily chart trading as low as $5.78 and continue to trade in a bearish trend. After the recent market-wide sell-off, the cryptocurrency has not been able to find any buyers at higher levels and has slipped below $5.81.

Polkadot, the blockchain known for a vast number of developments, witnessed an uptick in its volume over the past few days. The blockchain managed to show this kind of growth despite the general FUD surrounding its change in management.

Tether has announced that starting November 3, 2022, and its USDT stablecoin will become available throughout Brazil in more than 24,000 automated teller machines (ATMs) operated by fintech company SmartPay.

USDT will be available in 24,000 ATMs in Brazil from Nov. 3 to enable conversion from USDT to Brazilian reals and vice versa. The post Brazil Now Allows You to Transact in Tether Through 24,000 ATMs appeared first on BeInCrypto.

USDT stablecoins will be available at more than 24,000 ATMs in Brazil starting next month. The post Tether stablecoins to expand to 24,000 ATMs in Brazil next month appeared first on The Block.

Stablecoin issuer Tether announced that local crypto services provider SmartPay will launch USDT tokens in over 24,000 ATMs across Brazil starting Nov. 3. Brazil still has 34 million unbanked individuals, or those who do not have a bank account or do not use it often, according to a survey by the Instituto Locomotiva conducted in January 2021.