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📢USDT to Telegram to CoinMENA
Ahlan wa sahlan, and welcome to the 112th edition of CoinMENA's weekly newsletter, Kalam Crypto. This week, CoinMENA became the first in the region to enable USDT withdrawals via Telegram’s The Open Network (TON) just 10 days after Tether announced USDT is coming to TON, Bitcoin and Ethereum ETFs launch in Hong Kong, the IMF released a research paper on Bitcoin’s growing use for cross-border payments, and U.S. regulators continue their punitive attack on cryptocurrency companies. All that and more on this week’s Kalam Crypto. CoinMENA becomes the first to allow USDT withdrawals via Telegram’s TON blockchain: CoinMENA is proud to announce the addition of Telegram’s The Open Network (TON) to its platform, allowing users to send USDT via the TON blockchain. TON joins Ethereum’s ERC-20 and TRON’s TRC-20 as the third blockchain available to CoinMENA users for sending USDT. This aligns with CoinMENA’s mission to become the simplest and safest way to onboard people onto crypto by providing a reliable onramp to stablecoins, the most popular use case thus far. CoinMENA’s announcement came just 10 days after Tether, the issuer of USDT announced that the largest stablecoin in the world is coming to Telegram’s TON blockchain. Read more about the latest release on our blog. The IMF recently published a paper analyzing Bitcoin's cross-border flows, uncovering significant trends in the cryptocurrency market. The study underscores three key findings: first, increased Bitcoin activity correlates with a shift away from traditional risk assets, supporting its role as a hedge against global uncertainty. Second, individuals are increasingly turning to Bitcoin to navigate economic instability in their local economies and bypass capital controls. Lastly, Bitcoin flows are notably more pronounced in emerging and developing markets like Argentina and Venezuela, compared to advanced economies with mature financial markets. These insights shed light on the evolving landscape of Bitcoin adoption and its impact on global finance. Full report here. The simplest and safest way to invest in crypto, sign up and start trading today with CoinMENA See omnystudio.com/listener for privacy information.
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