USDT News: Mavryk Testnet Launches, Enabling Users to Claim Free USDT and Other Testnet Tokens

In a move that underscores the evolving landscape of decentralized finance, Mavryk has officially launched its blockchain Network Testnet. This initiative allows users to claim free testnet tokens, including USDT, with ease via the website or Telegram.

Mavryk Faucet Update: Claim Free Tokens

The Mavryk blockchain Network Testnet has officially launched, offering users a seamless way to claim free tokens via the token Faucet on the website or through Telegram. This marks a significant step forward for the Web3 space, making decentralized finance more accessible. Users can claim free testnet tokens in seconds using Telegram commands or from the official website. Testnet tokens, including MVRK, MVN, USDT, USDC, and wBTC, are available for quick and fair distribution.

Majority of EU Crypto Payments Spent on Retail, Food, and Beverages

A study of six months of Oobit usage data revealed that 70% of all crypto costs are categorized as day-to-day retail purchases. Romania, Poland, and Hungary were the top three nations for crypto payment usage on the Oobit platform. Tether’s USDT has become the go-to stablecoin for European crypto payments, making up 92% of all transactions via the Oobit app. The overall average payment amount was $8.36, indicating that users are mostly making use of crypto for small, routine purchases.

Tether Buys $33 Billion in US Treasury Bonds, Boosting Compliance Efforts

Tether, the world’s largest stablecoin issuer, has purchased $33 billion in US Treasury bonds. President Trump hinted at big plans for future stablecoin policies in the US, and Tether’s purchase may secure a valuable partnership. Tether was the 7th largest buyer of US Treasuries in 2024 and brings the US dollar to over 400 million people predominantly in emerging markets and developing countries.