🗣️⚡️Crypto Market Highlights for the Day⚡️🗣️
📌🎤 Investors are being cautious ahead of the U.S. Federal Reserve's decision regarding their interest rate, which has caused the risk appetite of investors to diminish due to the uncertainty of the macroeconomic environment. Currently, Bitcoin is still trading below $90,000.
📌🎤One key development today, however, is Tether has launched a U.S. Regulated Stablecoin (the "Made-in-America" stablecoin, the USAT). This signifies that Tether has increased its regulatory compliance and that there is increased adoption of Traditional Finance (TradFi) after the GENIUS Act.
📌🎤 With respect to adoption, the crypto payments company Mesh reached a valuation of $1 Billion following a $75 Million funding round, while also warning that Stablecoins could remove hundreds of billions from bank deposits in the next few years.
