updraftplus domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131hustle domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131wpforms-lite domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/aonyeani76/cryptocurrencypanther/wp-includes/functions.php on line 6131In an era marked by rising inflation, Bitcoin was framed as a radical experiment in digital cash. However, as the global economic landscape has shifted, the narrative around BTC has changed. It is now being discussed as a modern savings tool designed for a world where traditional savings are steadily losing their purchasing power.
A common framing of Bitcoin today is that it is a savings technology, digital gold, and something to hold, rather than use. According to Ben SAN’s post on X, that framing has become incomplete and ultimately wrong. This is because BTC is not meant to sit alongside fiat as another savings vehicle, but to replace fiat as a monetary base and a financial base that cannot be used or function as money.
However, for BTC to operate as a form of finance, it has to be usable at scale. That usability at scale implies execution, settlement abstraction, fast interactions, and cost-efficient transactions. BTC layer 1 is designed for finality and neutrality, not to satisfy these requirements, and it shouldn’t be.
This is why BTC needs layer 2s to operate as money. “Once you accept that Bitcoin needs L2s to be usable as money, you stop asking whether alts are competing with Bitcoin and start asking whether they are serving Bitcoin,” the expert stated. If acceptance of altcoins is ever possible in the BTC-first community, it won’t come from alternative monetary assets. Instead, the acceptance of the altcoins will only come from systems that keep BTC as the unit of account and native asset, while extending its usability crucially without weakening its guarantees.
In these cases, auxiliary tokens may be introduced, but only where BTC is structurally incapable of performing the required coordination or incentive functions around expressiveness and yield. Furthermore, any non-BTC asset that has a legitimate chance of being accepted within the community will earn that legitimacy by filling those gaps in a way BTC itself cannot fulfill.
Crypto analyst Mattertrades highlighted that Bitcoin is trading above the weekly resistance, and the path is slow and clear. This setup is a result of Michael Saylor stepping in this week with his largest purchase since July, acquiring $1.5 billion worth of BTC. The last time he did this, BTC surged to $126,000.
At the same time, the Morgan Stanley Capital International (MSCI)-related news for Strategy was very bullish, and it actually attracted more buyers. Mattertrades concluded that this is how a bullish case quietly forms. If Saylor’s purchases bring in more buyers, reflexivity will begin because when he starts accumulating such large amounts again, other players will follow suit.
]]>Tether CEO Paolo Ardoino has recently accused rival stablecoin firms of using regulatory tactics to eliminate the industry leader rather than competing on innovation. His comments came in response to mounting concerns that new US stablecoin regulations could severely restrict access to US Treasuries for international stablecoin issuers which could include the issuer of USDt.
Ardoino noted how USDt, the company’s flagship stablecoin with a market capitalization of $142 billion, serves as a crucial financial tool for millions across Africa, South America, and other developing regions. According to Ardoino, Tether has built an extensive network of both physical and digital distribution points, ensuring widespread accessibility to dollar-backed assets.
“Tether has over 400 million users and is growing at a pace of 35 million new wallets per quarter,” he added. He further explained that Tether holds over $115 billion in US Treasuries, ranking it as the 18th largest holder—making any attempt to curb its access to Treasuries a direct threat to dollar liquidity abroad.
However, Ardoino accused unnamed competitors of attempting to weaponize regulations against the USDt issuer rather than focusing on building superior products. “Every single business or political meeting they have culminates with the intent to ‘Kill Tether,’” he alleged.
Ardoino’s remarks came in response to a tweet from Vance Spencer, co-founder of Framework Ventures, who raised concerns about an upcoming stablecoin regulatory framework. Spencer suggested that a new policy under discussion in Washington D.C. might prevent international stablecoin issuers from holding US Treasuries—a move he called “batshit crazy.”
Spencer argued that such restrictions would weaken the dollar’s dominance rather than strengthen it. He compared the United States’ increasingly hostile stance toward stablecoins including USDt to Europe’s restrictive approach to AI, suggesting it could lead to American firms losing ground on the global stage.
Meanwhile, the United States Congress has recently proposed two new stablecoin bills: the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act in the House and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act in the Senate.
They aim to establish clearer regulatory guidelines for stablecoin issuers, requiring them to maintain specific levels of reserves and submit monthly certifications from top executives. While some see the bill as a step toward legitimizing the $230 billion stablecoin market, critics worry that it could impose unnecessary barriers on non-US firms.
Generally, legislative processes involve amendments before any law reaches the president’s desk. However, if enacted in its current form, experts believe these regulations could impact Tether’s reserve structure and overall market stability.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
