USDT News: Binance US Launches USD Operations, and Tether Inflows Hit $450M

Binance US has started USD operations, enabling users to deposit, withdraw, and trade in US dollars. Meanwhile, Tether (USDT) inflows reached a significant milestone, signaling a shift in market sentiment.

Binance US Launches USD Operations and Services

Binance US has commenced USD operations and services for eligible users, allowing them to deposit and withdraw US dollars using ACH bank transfers. Users can now buy, sell, and trade cryptocurrencies with USD, convert between crypto and USD, and schedule crypto orders using the Auto-Buy feature.

Tether (USDT) Inflows to Markets Reach $450M, Signaling Shift in Sentiment

Tether (USDT) inflows to markets have reached $450 million in the past day, marking the highest level since February 3. The influx of stablecoins to exchanges indicates a change in investor sentiment, according to CryptoQuant data. The net inflows suggest more stablecoins were moved to markets than withdrawn, hinting at a potential significant market move in the near future. This positive net flow follows a recent liquidity injection of up to $2.7 billion in stablecoins, with USDT being the more active stablecoin. The inflows of USDT and USDC may signal bullish attitudes or the need to cover Leveraged positions. Exchange inflows and outflows are shifting directions, indicating a possible trend reversal.

Tether-Backed Mansa Raises $10M for Stablecoin-Driven Cross-Border Payments

Mansa, a fintech company focused on streamlining global payments and reducing transaction costs using stablecoins, has secured $10 million in funding. The investment was led by Tether, the issuer of the largest stablecoin USDT, and included contributions from several other investors. Mansa plans to use the funds for expansion into Latin America and Southeast Asia, aiming to revolutionize cross-border payments.