USDT News: Binance to Delist Four Altcoins Effective February 24

Binance has announced its decision to delist four altcoins - AirDAO (AMB), CLV (CLV), StormX (STMX), and VITE (VITE) - effective February 24 at 03:00 UTC. The move, aimed at enhancing market quality, has resulted in significant losses for most of the affected tokens.

Binance to Delist Four Altcoins: AMB, CLV, STMX, and VITE

Binance announced plans to delist and cease trading on all spot trading pairs for four tokens - AirDAO (AMB), CLV (CLV), StormX (STMX), and VITE (VITE) - effective February 24 at 03:00 UTC. The move is part of Binance's effort to enhance market quality. The trading pairs slated for removal include AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT, and VITE/USDT. Following the announcement, most of the tokens recorded double-digit losses.

Telegram Wallet Introduces Zero-Fee $USDT Purchases in 60 Countries

Telegram Wallet, the built-in cryptocurrency wallet of the popular messaging app, has introduced zero-fee $USDT purchases in over 60 countries. This move significantly enhances the accessibility of stablecoins, making it easier for individuals to acquire and use them. The new feature allows users to purchase $USDT directly within the Telegram app, without incurring any additional fees. This is a major step forward in the adoption of cryptocurrencies, as it removes one of the major barriers to entry - high transaction fees. With this update, Telegram Wallet is positioning itself as a key player in the global cryptocurrency market, providing a seamless and cost-effective way to acquire and use stablecoins.

Tether Engages US Lawmakers on Stablecoin Regulation Overhaul

Tether, the leading stablecoin issuer, is reportedly in talks to collaborate with U.S. Congressional lawmakers to craft comprehensive stablecoin regulations at the federal level. The issuer of the world’s largest stablecoin, $USDT, has engaged in discussions with Representative Bryan Steil and Representative French Hill regarding the STABLE Act, introduced on February 6. This marks a significant step in shaping the conversation around stablecoin oversight.