Natalia
@natalia51
The U.S. Securities and Exchange Commission (SEC) has officially approved multiple spot ETFs based on Ethereum (ETH), marking a significant milestone for the cryptocurrency market. This decision follows the earlier approval of spot Bitcoin ETFs, which occurred at the beginning of 2024. The Ethereum ETFs, which track the price of Ethereum directly, are expected to start trading soon, potentially unlocking billions in investment from institutional and retail investors alike.
This approval represents a major shift in the regulatory landscape for digital assets in the United States, indicating a growing acceptance of cryptocurrencies in mainstream finance. Several major financial firms, including BlackRock, Fidelity, and Invesco, are among those who received approval for their Ethereum ETFs. These ETFs are anticipated to have a substantial impact on the market, similar to the Bitcoin ETFs, which led to significant price increases for Bitcoin earlier this year 0 reply
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Stablecoin USDT (Tether) is a type of cryptocurrency that is pegged to the value of a real-world asset, in this case the US dollar (USD). The main purpose of stablecoins is to reduce the volatility that is common with most cryptocurrencies, such as Bitcoin and Ethereum. Here are some key aspects of USDT:
Pegged to the dollar: USDT aims to maintain a 1:1 ratio with the US dollar, making it relatively stable in price.
Use: USDT is widely used for trading on cryptocurrency exchanges, moving funds between platforms, and storing value in cryptocurrency without having to go into fiat.
Blockchains: USDT exists on several blockchains, including Ethereum (as ERC-20 tokens), Tron (as TRC-20 tokens), and other platforms.
As such, USDT provides users with the benefits of cryptocurrency (fast transactions, low fees, global availability) while minimizing the risk of volatility. 0 reply
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