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USDT's stability just got a gold seal of approval. Tether invested in a 32% stake in Elemental Altus Royalties, a gold royalty firm, to integrate long-term stable assets into its ecosystem. This move could boost confidence in USDT's backing, positively impacting the broader crypto market.
Market metrics show USDT's market cap at $155B, with a current price of $1 and a 24-hour price change of -0.37%. Meanwhile, Bitcoin's market cap is at $2.13T, with a current price of $107,621 and a 24-hour price change of -1.95%. $BTC's price dip has halted due to the US dollar hitting new 3-year lows as US inflation cools beyond expectations, opening the possibility of new all-time highs.
In other news, XRP's market cap is at $132B, with a current price of $2.25 and a 24-hour price change of -3.36%. Trident Digital aims to raise $500M to establish an XRP treasury, potentially increasing demand and driving up its price.
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