the ongoing discussions aimed at averting a financial crisis in the United States government have reached a critical stage. The Treasury has emphasized the necessity for Congress to reach a consensus on raising the debt ceiling by 1 June. Especially as failure to do so would result in a detrimental inability to meet financial obligations, leading to severe economic consequences.in traditional banking.
Due to these events, USDT gained an advantage over its biggest competitor – USDC – in the stablecoin space. At press time, in terms of market cap, USDT had the largest stablecoin share in the crypto-markets.announced
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