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From the beginning of this year, US-based crypto exchange FTX has been on a roll as it is poised to launch its stablecoin called TUSD (Tether USD) in 2023. The cryptocurrency was initially launched by Binance in 2019 and has since become one of the most popular digital currencies in the world, with over $3 trillion in circulation at present.

The platform gained popularity as the first centralized cryptocurrency that used an independent third party for all transactions, which also led to increased security concerns and regulatory scrutiny. However, due to growing demand, FTX decided to take steps to further decentralize their platform and introduced TUSD earlier this month.

In addition to introducing TUSD, the firm also announced plans to create additional cryptocurrencies, including another stablecoin called CUSD (USDC), which will be issued and backed by real-world assets like gold and silver. This move will allow users to access more than 1 billion assets across 170 countries and territories without having to trust intermediaries.

US-based Coinbase recently made headlines after announcing they would start accepting customers’ Bitcoin payments on September 30. According to the company, this move is part of a broader effort to expand its services to include other forms of payment, such as e-wallets and debit cards. Although this may not sound groundbreaking, many people have been asking about how this might affect them. Here are some possible impacts.

Bitcoin vs Crypto Exchange

Currently, there are two major players in the market – both operating in the same space. Both platforms offer investors the opportunity to buy or sell cryptocurrencies in various ways, but each comes with different advantages and disadvantages. For instance, while Coinbase allows you to purchase TUSD directly from its website using your credit card, Bitcoin offers more flexibility in terms of accessibility.

The difference between these two platforms lies in fees and regulations. While Coinbase uses a third-party exchange, Bitcoin exchanges are decentralized and operated independently. Thus, this means that any transaction fees imposed by the centralized system are not transferred to the customer. Furthermore, since every exchange operates separately, no central authorities are regulating them, making them vulnerable to fraud. In addition, if one platform went bankrupt, the other could quickly fill its position. Therefore, it is important to consider both options before deciding whether to invest in either platform.

If it seems difficult for you to understand why Bitcoin or Coinbase should go ahead, don’t worry! You can always look up the official documents and read through the explanations offered by the companies themselves to get a better understanding of the underlying concepts. It will assist you with pursuing an educated choice.

Currency Fluctuations

Currency fluctuations are a natural tendency when investing in something new or exciting. Whether you want to invest in stocks, securities, or virtual currencies, some markets experience significant price fluctuations due to external factors. To mitigate this risk, it is essential to do thorough research before purchasing any assets. By doing so, you can protect yourself from unexpected events.

In the crypto industry, the biggest changes occur due to shifts in regulation and government policies. Some governments have raised taxes on certain types of investments, whereas others have implemented stricter requirements on crypto trading. If you intend to participate in the crypto market, it is crucial to keep an eye out for these developments and stay on top of current trends. Also, it is recommended to avoid large financial institutions and retail traders who could use your money for personal gain. These individuals are known for manipulating economic data and taking advantage of market volatility.

In conclusion, investing in cryptocurrencies is undoubtedly risky, but by properly following the right guidelines, you can reduce the chances of losing your investment. With careful consideration, you can reap the benefits of this innovative asset class and enjoy the convenience and security inherent in this technology.