Tether (USDT) Launches on NEAR as New Decentralized Rival USK Goes Live

Tether launches USDT on NEAR blockchain as Kujira launches new soft-pegged stablecoin USK. The post Tether (USDT) Launches on NEAR as New Decentralized Rival USK Goes Live appeared first on BeInCrypto.

Timeline of Tether, Near-protocol

On Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization.

Stablecoin issuer Tether confirmed the launch of tokens (CRYPTO: USDT) pegged to the U.S. dollar on the NEAR protocol. The introduction of USDT on NEAR will contribute to increasing ecosystem stability and lessen the negative effects of market volatility on users.

NEAR Protocol (NEAR/USD) ecosystem wallet Sender has successfully raised $4.5 million in a private round that attracted several leading crypto-focused venture firms. An announcement the NEAR-based eco-wallet team published on Monday states that the investment firm Pantera Capital led the funding round. Participation included Crypto.

Solana moved closer to the $40.00 mark on Monday, as it rose for a sixth straight session to start the week. Bullish momentum in the world's ninth largest cryptocurrency intensified, following a breakout of a resistance point of $36.35. Near protocol was also in the green, as prices rose by over 10% on Monday.

The Swiss non-profit behind the NEAR Protocol is to collaborate with Caerus Ventures in launching a $100 million venture capital (VC) fund and venture lab. The post NEAR Protocol Announces $100M Web3 Fund For Entertainment, Fashion, and Sports appeared first on BeInCrypto.

Stablecoin issuer Tether announced the successful integration of the USDT stablecoin on NEAR protocol. The post Tether USDT launches on NEAR as protocol launches $100M Web3 fund appeared first on CryptoSlate.

Pantera Capital, a cryptocurrency hedge fund, led a $4.5 million investment that valued Near wallet Sender at $45 million. The post Pantera Capital leads $4.5 milllion round for NEAR-based wallet Sender appeared first on The Block.

Near Protocol (NEAR) initiated a significant upward movement on Sept 7, which is still ongoing. It is possible that the move has occurred as a result of the anticipation for NEARCON and a newly announced $100 million venture capital fund.

Swiss non-profit the NEAR Foundation has launched a $100 million venture capital fund and venture lab for web3, it announced on Monday. The post NEAR Foundation launches $100 million VC fund and lab for web3 appeared first on The Block.

Circle [USDC] has kept Tether [USDT] on its toes in the stablecoin superiority fight since the start of 2022. However, the recent Binance decision to convert other stablecoins except for USDT to Binance USD [BUSD]  has dealt USDC's mission a big blow.