regulation
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Tether Launches USAT Stablecoin, Appoints Bo Hines as Head of U.S. Operations
Tether is deepening its commitment to the U.S. market by appointing a CEO for U.S. operations, Bo Hines, and launching USAT, a stablecoin for U.S. institutions. USAT, operating under the GENIUS Act framework, will utilize Tether’s Hadron platform and involve Anchorage Digital as issuer and Cantor Fitzgerald as a reserve custodian. While USDT remains dominant globally, USAT aims to compete directly with competitors like USDC within the U.S. This strategic move seeks to address regulatory concerns and attract risk-averse entities, integrating digital assets into traditional finance.
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Chengdu’s New Rule: All Roadside Parking Free? Netizens Envious, Official Statement Addresses Rumors
A rumor of free roadside parking in Chengdu, China, spurred excitement online. Claims of a regulation taking effect June 1, 2025, generated buzz, but the Chengdu Parking APP swiftly debunked the information. The official response, issued by the city’s transportation investment company, declared the news “false” and affirmed current parking fee collection practices.
