Tether projected to earn $15B in profit this year

Rumble is making waves by partnering with Tether to introduce Bitcoin tipping for content creators, set to launch in December. This collaboration is significant as it not only enhances the monetization options for creators but also aligns with the growing trend of cryptocurrency adoption in digital platforms, potentially attracting more users and boosting engagement.

Tether is making significant strides in the cryptocurrency space by partnering with Rumble to expand the reach of its USAT stablecoin to 100 million Americans by December. This initiative will allow 51 million users to engage in Bitcoin and crypto tipping, making digital currency more accessible and practical for everyday transactions. This expansion is crucial as it not only enhances the usability of cryptocurrencies but also promotes wider adoption among the general public.

Zelle is making waves in the financial world by integrating stablecoins to enhance cross-border payments, specifically for transactions involving the United States. This move is significant as it promises to streamline and speed up international money transfers, making it easier for users to send and receive funds across borders. As digital currencies gain traction, Zelle's initiative could set a new standard for how we think about and conduct cross-border transactions.

Zelle is making waves in the financial world by integrating stablecoins to enhance cross-border payments, specifically for transactions involving the United States. This move is significant as it promises to streamline and speed up the payment process, making it easier for users to send and receive money internationally. With the growing demand for faster and more efficient payment solutions, Zelle's initiative could set a new standard in the industry.

Tether is shaking up the AI landscape by releasing a groundbreaking dataset called QVAC Genesis I, designed to enhance training for scientific reasoning and complex problem-solving. This move is significant as it aims to level the playing field against major tech companies that have dominated AI development. By democratizing access to such a vast resource, Tether is not only fostering innovation but also encouraging a more diverse range of voices and ideas in the AI space.

Tether is on track to achieve a remarkable $15 billion in profit for 2025, solidifying its leading position in the stablecoin market. This surge in profitability comes as more investors show interest in stablecoins and the adoption of digital dollars continues to rise. This news is significant as it highlights the growing confidence in digital currencies and the potential for stablecoins to play a crucial role in the financial landscape.

Tether is on track to achieve a remarkable $15 billion in profit for 2025, reinforcing its leading position in the stablecoin market. This surge in profitability comes as investor interest grows and the adoption of digital dollars accelerates, highlighting the increasing relevance of stablecoins in the financial landscape.

Tether is gearing up to launch its U.S.-compliant stablecoin, USAT, in December, with the ambitious goal of reaching 100 million Americans. CEO Paolo Ardoino shared insights in a recent CoinDesk interview, highlighting the potential impact on the creator economy. This move is significant as it could enhance financial accessibility and innovation in digital transactions, making it easier for creators to engage with their audiences.

Bitcoin liquidity has reached a seven-year low, dropping to approximately 3.12 million BTC, the lowest since 2018. This decline is significant as it indicates a tightening market, with Bitcoin trading below its 99-day Moving Average. The situation highlights the growing demand for Bitcoin amidst dwindling sell-side liquidity, which could impact future trading dynamics and investor sentiment.

Spot Ether ETFs have experienced outflows for the second consecutive week, indicating a cooling demand in the market. While Spot Bitcoin ETFs saw a significant influx of $446 million, reflecting renewed institutional confidence in Bitcoin, Ether funds are struggling to maintain investor interest. This trend is important as it highlights the shifting dynamics in cryptocurrency investments, with Bitcoin gaining favor over Ether, which could impact future market strategies and investor decisions.

Crypto.com is taking a significant step by seeking a federal charter to enhance its institutional crypto services. This move is crucial as it aims to provide more robust and regulated offerings in the rapidly evolving cryptocurrency market, which could attract more institutional investors and bolster confidence in digital assets. By pursuing this charter, Crypto.com is positioning itself as a leader in the industry, potentially setting a precedent for other companies looking to navigate the complex regulatory landscape.

Crypto.com is making headlines by applying for a national trust bank charter with the US Office of the Comptroller of the Currency. This significant step not only positions Crypto.com alongside other major players like Coinbase and Ripple Labs but also reflects the growing acceptance and integration of cryptocurrency into traditional banking systems. As more firms seek similar charters, it could pave the way for a more regulated and stable crypto environment, which is crucial for investor confidence and market growth.

Dogecoin is currently experiencing significant selling pressure, having dropped 30% from its September highs. Despite this downturn, some technical indicators suggest that a rebound to the $1 mark could be possible. This situation is noteworthy as it highlights the volatility of meme-coins and the potential for recovery even in challenging market conditions.

XRP is making headlines as it leads the gains in the cryptocurrency market, driven by recent moves from Ripple. Meanwhile, Bitcoin is maintaining its value at $111K, despite some skepticism surrounding the so-called 'Uptober' trend. This is significant as it highlights the resilience of XRP and the overall market's performance, suggesting a potential shift in investor confidence.