PrimeXBT Enhances Crypto Liquidity with Instant USDT/USDC-to-USD Exchange
PrimeXBT, a regulated multi-asset broker, has launched a new feature allowing clients to instantly convert between USD and major stablecoins like USDT and USDC directly within their wallets. This development aims to streamline transactions, offer greater control over capital, and provide transparent market-based pricing for conversions.
PrimeXBT Launches Instant Crypto-to-USD Exchange
PrimeXBT, a regulated multi-asset broker, has introduced crypto-to-USD exchange functionality. Clients can now convert between USD and major stablecoins directly within their wallets. This new feature offers faster conversions, instant wallet-based transactions, and full control over capital movement. Traders can convert USD into USDT or USDC and vice versa, with transparent pricing displaying the current market rate and total amount to be received. These stablecoins can be exchanged into over 30 tradable assets.
Russia Considers Issuing Tether-like Stablecoin
Russia is considering issuing a domestic stablecoin similar to Tether (USDT) but pegged to a different fiat currency. The proposal comes after Tether blocked billions of rubles’ worth of crypto assets in wallets on a sanctioned Russian exchange last month. The Ministry of Finance of the Russian Federation (Minfin) recognizes the need for a stablecoin not linked to the U.S. currency. A high-ranking official revealed that the ministry is mulling over the launch of such a coin. Deputy head of Minfin’s Financial Policy Department Osman Kabaloev stated that recent developments have shown that stablecoins like Tether can be dangerous for Russia.
BNB Chain Leads in Active USDT Addresses
BNB Chain has surpassed TRON to become the leader in active USDT addresses, with over 12 million active USDT wallets. This growth is attributed to highly active meme and perpetual swap trading, as well as a zero-fee trading campaign on the BNB Wallet. While Ethereum and TRON still hold the majority of USDT value, BNB Chain is expanding its user base through smaller transactions and everyday uses. The chain’s rise coincides with its emergence as a leading venue for DEX and CEX activity.
