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Tether Ventures into XREX Partnership, Unveils XAU1 Stablecoin

Tether, a leading stablecoin provider, has announced a strategic partnership with XREX, culminating in the launch of XAU1, a new stablecoin. This collaboration marks a significant move for Tether into the realm of commodity-backed stablecoins, offering users an innovative asset pegged to the value of gold.

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Tether, a leading stablecoin provider, has announced a strategic partnership with XREX, culminating in the launch of XAU1, a new stablecoin. This collaboration marks a significant move for Tether into the realm of commodity-backed stablecoins, offering users an innovative asset pegged to the value of gold.

Through its partnership with XREX, Tether ventures into the domain of commodity-backed stablecoins, expanding its offerings beyond traditional fiat-backed stablecoins. The launch of XAU1 represents a milestone in Tether’s evolution, as it diversifies its product lineup to cater to the growing demand for alternative stablecoin solutions.

XAU1 is backed by physical gold stored in secure vaults, providing users with a reliable and transparent means of accessing exposure to the precious metal. This commodity-backed stablecoin offers a unique value proposition, combining the stability of gold with the efficiency and liquidity of blockchain-based assets.

The partnership between Tether and XREX underscores a shared commitment to innovation and the development of cutting-edge blockchain solutions. By leveraging Tether’s expertise in stablecoin issuance and XREX’s network and infrastructure, the collaboration aims to unlock new opportunities in the digital asset space.

The launch of XAU1 comes at a time of growing interest in stablecoins and alternative digital assets, as investors seek diversified and hedged portfolios. With its unique value proposition and strategic partnership with XREX, Tether is well-positioned to capitalize on this trend and further solidify its position as a leading provider of stablecoin solutions.

In summary, Tether’s partnership with XREX and the launch of XAU1 represent a significant expansion of its stablecoin offerings into the realm of commodity-backed assets. As the demand for alternative stablecoins continues to rise, Tether’s innovative approach positions it for sustained growth and success in the evolving digital asset landscape.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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