Tether freezes $213m linked to Gurhan Kiziloz in Brazil tax dispute over gambling, crypto sales

Brazil's new rules may curb gambling addiction and financial risks, but they also increase compliance costs and limit crypto's role in betting. The post Brazil imposes strict advertising rules on online betting firms, bans crypto payments appeared first on Crypto Briefing.

The post Cathie Wood Warns Ripple-Backed OUSD May Not Challenge USDT, USDC appeared on BitcoinEthereumNews.com. Cathie Wood has said Ripple-backed OpenUSD may struggle to challenge USDT and USDC, even with major corporate names behind it, because stablecoin markets depend on liquidity, trust, collateral use, and daily platform integration. ARK Says Stablecoin Moats Are Built on Use According to the ARK Invest CEO, stablecoins are like the monetary networks that evolve with increasing adoption by user bases, exchanges, wallets, and payment companies. She added that USDT and USDC have already established robust network effects in the crypto trading and payments space and DeFi. In a research note, ARK Invest Director of Digital Assets Lorenzo Valente suggested that OUSD’s odds of supplanting the two biggest stablecoins are low. In his blog post “Why USDT and USDC are harder to kill than crypto Twitter thinks”, Valente also cautioned that many market participants may be overly optimistic a

The post How Sports Bettors Say Gambling Is Impacting Their Financial Health—More Likely To Miss Bill Payments appeared on BitcoinEthereumNews.com. Topline Online sports bettors spend more, place riskier bets, save less money for the future and are more likely to fall behind on bills than their counterparts who gamble only at casinos or racetracks, a new Urban Institute report released Thursday shows, a gap that is driving a new wave of state and federal regulatory proposals. A man poses for a photograph with the online gambling website Bet365. AFP via Getty Images Key Facts The survey, which compared the betting habits and financial outcomes of more than 320 online and in-person sports bettors, found that online gamblers had bet more frequently, spent more money over the previous 12 months and were more likely to have placed high-risk bets. Online gamblers reported they’d faced greater financial challenges in the prior 12 months than in-person bettors, were 15 times more likely to rep

The post Hyundai Card Tests Stablecoin Global Payments. appeared on BitcoinEthereumNews.com. Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments. Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers. Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries in the United States and Mexico, marking a major step toward blockchain-powered corporate settlements. The payment company tested real intercompany transfers using stablecoins, aiming to improve international payment efficiency while exploring new financial infrastructure for global operations. Hyundai Card Completes Stablecoin Transfer Between Hyundai Units Hyundai Card, the payments division of Hyundai Motor Group, said Thursday it has completed a proof-of-concept (PoC) involving stablecoin transfers b

The post Phillies’ Bryce Harper Sends Thank You To Gambling Addict After $18 Million Bets appeared on BitcoinEthereumNews.com. PHILADELPHIA, PENNSYLVANIA – OCTOBER 06: Bryce Harper #3 of the Philadelphia Phillies looks on during the first inning in game two of the National League Division Series against the Los Angeles Dodgers at Citizens Bank Park on October 06, 2025 in Philadelphia, Pennsylvania. (Photo by Emilee Chinn/Getty Images) Getty Images Philadelphia Phillies superstar Bryce Harper has spent years building one of baseball’s strongest endorsement portfolios while remaining among the sport’s most recognizable faces. Like many elite athletes, that visibility has also made him a frequent participant in promotional campaigns for major corporate partners. But, at least in retrospect, one of his latest endorsement efforts might have helped encourage a gambling addict to continue incurring losses on one of the most popular sports betting platforms in the world. ForbesTrump Sends Dodg

The post Tether’s $25 Million Telecom Bet Extends Its Push Beyond Stablecoins appeared on BitcoinEthereumNews.com. Tether’s $25 Million Telecom Bet Extends Its Push Beyond Stablecoins Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk. Related News © 2025 NewsBTC. All Rights Reserved. This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy. I Agree Source: https://www.newsbtc.com/news/tether-s-25-million-telecom-bet-extends-its-push-beyond-stablecoins/

The post Can Established Players Maintain Their Grip on the Stablecoin Sector? appeared on BitcoinEthereumNews.com. As stablecoins continue to rise in prominence within the financial sector, ARK Invest CEO Cathie Wood believes that the market will largely remain under the control of current dominant issuers. Tether‘s USDT and Circle’s USDC, she asserts, have cemented their positions through extensive network effects, creating formidable challenges for any emerging competitors. Continue Reading:Can Established Players Maintain Their Grip on the Stablecoin Sector? Source: https://en.bitcoinhaber.net/can-established-players-maintain-their-grip-on-the-stablecoin-sector

Hyundai Card completed a $20,000 USDT transfer between US and Mexico subsidiaries in seven minutes. The pilot used Avalanche, Tether, and Axiym to test faster blockchain-based corporate payments. Hyundai Card plans Europe trials with Visa and Circle for local currency stablecoin transfers. Hyundai Card has completed a stablecoin-based cross-border payment test between Hyundai Motor subsidiaries […] The post Hyundai Card Tests Stablecoin Payments in Global Automotive Shift appeared first on Live Bitcoin News.