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Announcement on Suspension of BROCK-BROCK Network Withdrawal Services | Bitget Support Center https://www.bgportable.com/support/articles/12560603819385

Announcement on Suspension of BROCK-BROCK Network Withdrawal Services | Bitget Support Center https://www.bgportable.com/support/articles/12560603819074?appVersion=2.47.1&time=1733126359168&androidSdk=31&language=en_US&appTheme=standard

stablecoin issuer Tether has announced the release of a documentary on its 10th anniversary, highlighting the impact of USDT in fighting inflation. The documentary trailer features interviews with users from countries like Turkey, Brazil, and Argentina, where high inflation rates are prevalent. The film aims to showcase USDT as a tool similar to the US dollar, with one interviewee noting that in Brazil, “Tether with USDT is like 90% of the transactions that Brazil makes during the day.” In 2023, USDT adoption in Brazil surged, accounting for 80% of all crypto transactions in the country. Tether’s journey began on October 6, 2014, when its first tokens were launched by entrepreneur Brock Pierce, Reeve Collins, and software engineer Craig Sellars. Initially branded as Realcoin, the project rebranded to Tether, offering tokens that represent fiat currencies at a 1:1 ratio, facilitating global asset transfers via blockchain technology. Originally built on the OmniLayer platform on the Bitcoin protocol, USDT has since expanded to multiple blockchains, including Ethereum, Tron, and The Open Network. With a market capitalization of $120 billion, USDT remains the largest stablecoin by market cap and the third-largest cryptocurrency overall, following Bitcoin (BTC) and Ether (ETH). Tether CEO Paolo Ardoino emphasized the company's commitment to financial inclusion, particularly for those “left behind” by traditional banking systems. In a post on X, Ardoino described Tether as a “symbol of disintermediation, resilience, and stability,” focusing on empowering people, communities, and entire countries. He highlighted that Tether aims to provide financial technology for individuals in developing countries who lack access to bank accounts due to insufficient revenue generation for traditional banks. $BTC $ETH

Here is an overview of the team and development behind WAXP (Wax): _Founders:_ 1. William Quigley (CEO) 2. Jonathan Yantis (COO) 3. Malcolm CasSelle (President) _Core Team:_ 1. William Quigley (CEO) 2. Jonathan Yantis (COO) 3. Malcolm CasSelle (President) 4. Dave DeMarco (CTO) 5. Michael Marquardt (CFO) _Advisors:_ 1. Brock Pierce (Blockchain Capital) 2. William Shatner (Actor and Entrepreneur) 3. Richard Garriott (Game Developer and Entrepreneur) _Development:_ 1. WAXP is built on the EOS blockchain. 2. Development is transparent, with regular updates on GitHub and social media. 3. Wax has a strong focus on research and development, with partnerships with academic institutions. _Development Roadmap:_ 1. Short-term (2024): - Improve scalability and performance - Enhance user experience 2. Mid-term (2025-2026): - Implement decentralized governance - Develop new features and applications for WAXP 3. Long-term (2027 and beyond): - Continue to improve scalability, security, and usability - Explore new blockchain technologies and interoperability solutions Please note that this information is subject to change as the project evolves.

Tether (USDT) was originally launched on October 6th, 2014 as Realcoin by Brock Pierce, Reeve Collins, and Craig Sellars (a member of the Omni Foundation). This allowed them to build Tether on the Omni Protocol which enabled users to create and trade smart-contract-based properties and currencies on Bitcoin’s blockchain. On the 20th of November 2014, Tether CEO Reeve Collins announced that the name of their token, Realcoin, would be changed to Tether (USDT). Tether’s contentious history begins with its launch on the market. In January of 2015, Bitfinex allowed Tether (USDT) to be traded on their exchange platform for the first time. Tether volume began to increase rapidly on the blockchain network with USD transactions moving through Taiwanese banks, who would then pass the transactions on to Wells Fargo. This continued until 2017. On April 18, 2017, Tether’s international transfers were blocked by US Banks. A lack of transparency leading up to and during these events followed by leaks such as the Paradise Papers amid accusations of market manipulation made many users speculate if the Tether currency reserves actually existed or if the entire stablecoin would collapse. This was exacerbated in 2017 when withdrawals were temporarily suspended. These news events caused severe volatility for USDT holders. Starting from January 2017, the amount of outstanding Tether (USDT) grew from $10 million to almost $2.8 billion in September of 2018. This was followed by a lawsuit in April of 2019 from New York Attorney General Letitia James who accused Bitfinex and Tether of misappropriating reserves funds to cover an 850$ million dollar deficit. Bitfinex and Tether agreed to pay a penalty of $18.5 million in 2021. Tether continues to remain the center of speculation in cryptocurrency markets and blockchain networks with many users doubting their liquidity and stability.