tl;dr
- Tether's (USDT) trading volume on Tron (TRX) Network briefly surpassed Visa's average last week, reaching $53 billion on June 21. - Volksbank Raiffeisenbank Bayern Mitte has appointed Andreas Streb as CEO. Streb is known for promoting a Bitcoin-specific program at the bank.
Tether's (USDT) trading volume on Tron (TRX) Network briefly surpassed Visa's average last week, reaching $53 billion on June 21. The 24-hour trading volume on Tron Network reached $53 billion on June 21.
Volksbank Raiffeisenbank Bayern Mitte has appointed Andreas Streb as CEO. Streb is known for promoting a Bitcoin-specific program at the bank.
Tether’s (USDT) trading volume on Tron (TRX) Network briefly exceeded the daily average trading volume of payments giant Visa, while a $6 billion valued German bank appointed a Bitcoin-friendly CEO, marking two significant events in the crypto industry last week. On June 21, blockchain analysis platform Lookonchain observed that the 24-hour trading volume of USDT on the Tron Network reached $53 billion. Lookonchain noted that Tron USDT’s daily trading volume surpassed Visa’s average daily trading volume of $42 billion in Q1 2024.
Notably, USDT’s trading volume on Tron did not surprise many crypto users, considering the stablecoin’s recent history. Last March, Christopher Maurice, the founder of the African crypto fintech platform Yellow Card, identified USDT as one of the most used cryptocurrencies in Africa. In an interview, Maurice highlighted Africans’ growing preference for Tether, a U.S. Dollar-pegged stablecoin on low-cost networks like Tron, to protect their money from rampant domestic inflation. He noted that USDT had more liquidity on Tron than other prominent blockchain networks like Ethereum. Meanwhile, data shows that Tron is the 12th-ranked blockchain network by market capitalization. The stablecoin network’s market cap was about $10.3 billion, with its native crypto, TRX, trading for $0.1184 as of writing.
In a similar news story, Volksbank Raiffeisenbank Bayern Mitte, a German regional bank, appointed Bitcoin-friendly banking executive Andreas Streb as its new CEO. Streb’s appointment follows the bank’s former CEO, Richard L. Riedmaier’s announcement of his retirement several weeks ago. According to a June 21 report, Streb will assume the role of the bank’s CEO from the beginning of next year. Streb, who pioneered and promoted a Bitcoin-specific program at VR Bayern Mitte, believes the bank has established itself as a role model in the specialist field throughout Germany by participating in the program.
More about Tanzanian Royalty Exploration Corp
Tanzanian Royalty Exploration Corp, Tanzanian Gold Corporation is engaged in the exploration and development of mineral property interests in the United Republic of Tanzania. The company is headquartered in Vancouver, Canada.
ENERGY & TRANSPORTATION
GOLD AND SILVER ORES
Market Cap: 114,261,000
Dividend Yield: 0
Beta: None
50-Day Moving Average: 0.125
200-Day Moving Average: 0.007
Shares Outstanding: 35,892,000
Profit Margin: 1.35
Operating Margin: 2.549
Return on Assets: 0.625