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LATAM crypto news: Nubank tests stablecoin; Tether halts $500M project
This week’s top stories in LATAM’s crypto scene include both expansion and retreat: Nubank, the region’s largest digital bank, has revealed plans to test stablecoin payments using credit cards, indicating a further integration of blockchain with traditional finance. Meanwhile, Tether announced that it is delaying a $500 million investment in Uruguay owing to rising energy costs, reshaping the country’s hopes to become a regional hub for crypto and renewable infrastructure. Nubank moves toward stablecoin payments Nubank, Latin America’s largest digital bank, plans to integrate US dollar-pegged stablecoins into its credit card payment system. Roberto Campos Neto, the bank’s vice president and former governor of Brazil’s central bank, made the news at the Meridian 2025 event. He stressed blockchain’s importance in linking crypto assets and traditional banking, and stated that Nubank will begin testing credit card payments using stablecoins as part of this overall goal. The move comes as stablecoins gain ground in the region, fueled by excessive inflation and currency instability. Stablecoins already account for 90% of crypto activity in Brazil, while dollar-pegged assets such as USDT and USDC will account for more than 70% of crypto purchases in Argentina by 2024. Similar trends can be seen in Bolivia and Venezuela, where stablecoins are rapidly being utilised for routine transactions ranging from groceries to salaries, highlighting their growing importance as an alternative to volatile local currencies. Tether halts $500M project in Uruguay Tether said that it will halt operations in Uruguay after failing to get competitive electricity tariffs , despite having previously invested more than $100 million in the country. The company had planned three data centres and a 300 MW renewable energy park, but rising energy costs and disagreements with the state utility UTE rendered the project financially unfeasible. Monthly invoices reportedly totalled around $2 million, with debts exceeding $4.8 million before services were stopped in July. The withdrawal not only halts Tether’s $500 million investment plan but also jeopardises Uruguay’s ambitions to become a regional hub for digital infrastructure and renewable energy initiatives. According to experts, the country’s capacity to attract large-scale blockchain and data-processing investments is limited by the lack of a competitive tariff environment, particularly as neighbouring nations offer more advantageous conditions for crypto and energy-intensive projects. Bitget wallet integrates Brazil’s PIX to enable crypto payments in Reais Bitget Wallet , a non-custodial cryptocurrency wallet, has integrated PIX, Brazil’s quick payment system, allowing users to pay immediately using self-custodied cryptocurrencies like USDT and USDC by scanning PIX QR codes, according to a company press release sent to Invezz on Wednesday. The tool, developed in collaboration with local licensee Aeon, allows users to spend stablecoins on major blockchains such as BNB, Ethereum, Solana, Tron, Ton, and Base. Meanwhile, merchants continue to receive payments in Brazilian reais without issue, according to the business. The Central Bank of Brazil introduced PIX in 2020, and it has quickly become the country’s most popular retail payment option. According to the press release, the system is now integrated into daily life, with over 150 million people and numerous companies nationwide utilising it. In 2024 alone, PIX completed 64 billion transactions worth $4.6 trillion, a 53% rise over the previous year and 80% more than the number of credit and debit card payments. Bitget Wallet users who connect to PIX can now pay with cryptocurrencies at restaurants, shops, and in peer-to-peer transfers quickly, without the need for a bank account or intermediaries. The post LATAM crypto news: Nubank tests stablecoin; Tether halts $500M project appeared first on Invezz
invezz·2h ago
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XRP Price Prediction 2025, 2026, 2027 – 2030: How Much XRP Do You Need To Retire?
XRP price prediction is making waves lately. This comes amid conversations around payment-focused tokens. Meanwhile, a new altcoin with strong real-world utility is grabbing attention. This gives those who watch trends something fresh to compare against the legacy players. Its progress is renewing conversations around what it takes to build an altcoin with staying power. XRP Price Prediction: Short & Medium-Term Chances Technicals show that XRP is trying to climb past resistance around $3.18-$3.20. If buyers push through, the next resistance pockets lie near $3.30-$3.50. Support zones are seen in the $2.80-$2.90 range. A failure to defend these could drop XRP toward $2.57 if broader sentiment sours. Whales have reportedly offloaded around 200 million XRP in the last two weeks. Remittix: A Strong Alternative for Utility And Rewards Remittix is emerging as a serious contender for those looking beyond traditional tokens. It is being compared to projects like XRP because it aims to build infrastructure that supports payments, low gas fees, security and real rewards. Investors seeking a project with growth plus utility find Remittix interesting. The wallet beta is live now, with community testers active. Official launch planned Q3, specifically wallet go-live soon. The team is CertiK verified, ranked #1 among pre-launch tokens on CertiK. That adds trust and lowers risk for early adopters. Community incentives are built in: a 15% bonus paid in USDT to people who refer new users, rewards claimable via dashboard. That gives passive income potential and enhances engagement. Confirmed centralized exchange listings: BitMart and LBank have been announced. That adds liquidity, broader access and helps reduce dependency on small exchanges. Remittix Key Features to Know Utility-first token powering real transaction volume Real-World Utility: Built for actual use — not just speculation Security First: Audited by CertiK, one of the top blockchain security firms 15% Referral Rewards: Earn USDT by sharing the project Plan Now, Act With Utility “Retire on Crypto” seems like a dream only if your crypto choices have utility, security, community and real adoption. XRP price prediction models are bullish in many scenarios, but risk is real. Remittix offers a fresh path: wallet launch, CertiK verification, referral rewards, CEX listings and real world payment use.. If you want to build a diversified crypto retirement fund, consider XRP AND Remittix. Remittix could be the sort of early stage crypto investment that gives extra upside. Discover the future of PayFi with Remittix by checking out their project here: Website: https://remittix.io Socials: https://linktr.ee/remittix $250,000 Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway
cryptopolitan·1d ago
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Santander’s Openbank adds Cardano (ADA) to crypto offerings, Remittix gains ground on sluggish XRP
Santander’s Openbank just put Cardano on the menu for German clients, and that is big for ADA adoption. At the same time, some traders say XRP looks tired near key resistance. Many investors now compare these moves with Remittix , a PayFi pick built for real payments and low gas fees. The goal is simple: find the best crypto to buy now with clear utility, not just headlines. Cardano: Openbank listing and a push toward $1 S ource: Floratap Cardano is up 5% since yesterday, from $0.85 to $0.91, as ADA volume jumped over $2.5 billion (up about $600 million). A golden cross was confirmed two days ago, and traders wonder if Cardano can finally break the $1 line. Santander’s Openbank will let customers in Germany buy, sell, and hold Cardano with MiCA protections, then roll out to Spain in the coming weeks. The bank already supports Bitcoin, Ether, Litecoin, Polygon, and Cardano, which helps ADA demand for the best long-term crypto investment and early-stage crypto investment baskets. XRP: Big catalyst, tight levels Source: Kate Wilson XRP trades near $3.01, sitting right below $3.12 resistance. A clean breakout above $3.12 could target $3.59 to $4.00; failure risks a move back to $2.60. With the REX-Osprey XRP ETF (XRPR) going live soon, inflows could flip momentum, but positioning is crowded as 78% of traders are long. For now, XRP needs a decisive close above resistance to rebuild confidence. If not, some XRP holders may rotate into a new altcoin solving real-world problems. Remittix: Listings, live beta, and daily USDT Remittix has raised over $26 million through over 665 million tokens sold at $0.1080. BitMart and LBank are the named centralized exchanges, and wallet beta testing is live. The team is CertiK Verified and ranked #1 on CertiK for Pre-Launch Tokens, which helps investors with due diligence on a payments-ready DeFi project with low gas fees. Why Cardano And XRP Holders Are Moving To Remittix Wallet beta is live now for low gas fee crypto payments BitMart and LBank confirmed, easing the jump from decentralized exchange to CEX depth 15% back in USDT per referred buyer, claimable every 24 hours in the dashboard Rewards paid in USDT with unlimited potential; withdraw or reinvest to buy RTX token and grow Under-$1 access positions RTX as a top crypto under $1 and next 100x crypto candidate Cross-chain design and clear utility make it the best DeFi project for 2025, a pick for high-growth crypto Remittix gives buyers what Cardano and XRP investors want during rotations: a live product path, low fees, and a simple earnings loop. It fits best for crypto to buy now screens for a cross-chain DeFi project focused on real payments, not hype. Bank on utility, not just headlines Openbank’s Cardano listing may lift ADA, while XRP still fights its chart. For a balanced core plus growth, many add Remittix for utility, listings, and daily USDT rewards. Head to remittix.io, grab your referral link, and claim 15% USDT daily. Discover the future of PayFi with Remittix by checking out their project here: Website : https://remittix.io/ Socials : https://linktr.ee/remittix $250K Giveaway: https://gleam.io/competitions/nz84L-250000-remittix-giveaway The post Santander's Openbank adds Cardano (ADA) to crypto offerings, Remittix gains ground on sluggish XRP appeared first on Invezz
invezz·1d ago
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Tether-backed Plasma mainnet beta launches Sept 25
Plasma, a stablecoin-focused blockchain, has revealed plans to launch its mainnet beta and native token, XPL, on September 25. If the launch becomes successful, the blockchain network will be positioned as the eighth biggest crypto network for stablecoin liquidity. The announcement came after the network shared a blog entry highlighting that its mainnet beta and the XPL token will be launched next week. The network also mentioned that it will have $2 billion in stablecoins ready for the launch. Interestingly, Plasma has already secured a strong support system from Tether, the largest stablecoin issuer in the crypto market, and Peter Thiel’s Founders Fund. Plasma intends to upgrade its system to enhance its users’ experience The Plasma stablecoin blockchain has made public its intentions to invest significantly in more than 100 DeFi partners. This includes top DeFi protocols such as Aave, Euler, Fluid, and Ethena. With this investment, the team seeks to provide instant benefits, create savings that maintain value, develop deep USDT markets, and offer the lowest borrowing rates, particularly for USDT, in the industry. In the meantime, it is anticipated that Plasma users will be able to access vault deposits and withdraw USDT from the account when the mainnet beta is launched. Concerning this, the team stated that the event will indicate the end of their final launch phase and grant all its users the privilege to enjoy zero-fee USDT transfers. The network has also vowed to introduce PlasmaBFT, a high-throughput consensus layer responsible for overseeing stablecoin transactions as part of its mainnet beta launch. With this tremendous objective, its users can easily move USDT without being subjected to any fees through authorization-based transfers. Plasma aims at solidifying its position as a leading blockchain network in digital dollars Concerning its mainnet beta and native token, XPL’s launch, Plasma has alerted its users that it will restrict zero-fee transfers to its products. Notably, this will apply during the launch and testing phase. This will, however, not apply to other services. The announcement came after the team said it plans to gradually permit zero-cost transfers for other services. To solidify its position as a leading network for digital dollars, Plasma intends to link with real-life peer-to-peer cash systems to enable digital dollars to extend their reach to more businesses. Meanwhile, it is worth noting that Binance, the world’s leading cryptocurrency exchange, had earlier offered a pre-market perpetual contract for XPL, which supports the Plasma stablecoin blockchain, with prices mounting to about $0.55. Following its launch, the network’s team has stated that at the beginning of the mainnet beta, they will give out an additional 25 million XPL tokens as a reward to its users, particularly those who finished Sonar verification and actively participated in the sale. In addition, they will put aside 2.5 million XPL for current and future members of the Stablecoin Collective. In the case of XPL token distribution, Plasma stated that investors in the US will receive their tokens from July 28, 2026, following legal requirements. Those in other countries who joined the public sale will receive theirs when the mainnet beta is launched. Join Bybit now and claim a $50 bonus in minutes
cryptopolitan·2d ago
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Plasma to Launch Mainnet Beta Blockchain for Stablecoins Next Week
Plasma, a new blockchain built specifically for stablecoins, is set to flip the switch on its long-awaited mainnet beta next week, introducing the chain and its native token, XPL, on Sept. 25. According to a blog post from the team, the network will debut with more than $2 billion in stablecoin liquidity from over a hundred partners on day one — an aggressive attempt to position Plasma not as just another general-purpose chain, but as the backbone for stablecoin transfers. That won’t be an easy feat. Ethereum and Solana already dominate stablecoin volumes, while newer chains continue to optimize for similar flows. Plasma’s bet is that its architecture, dubbed PlasmaBFT, will give it an edge. The system is designed for fast, composable stablecoin transactions the team said, and from launch, users will be able to move USDT with zero fees through Plasma’s dashboard — a feature the team hopes will stand out in a crowded DeFi landscape. Token distribution is also aimed at broad accessibility. Prior to launch, 10% of XPL was sold in a public offering. At launch, 25 million tokens will be allocated to the community, with another 2.5 million reserved for members of the so-called Stablecoin Collective. Backing the project are heavyweights from the crypto and venture worlds: the $24 million in seed and Series A funding was led by Framework Ventures, with participation from Bitfinex, Peter Thiel and Tether CEO Paolo Ardoino, among others. “Plasma’s mission is to become the foundation for global money movement. Mainnet beta is the next step in making that vision real,” the team wrote. Read more: Peter Thiel-Backed Plasma Raises $20M to Develop Bitcoin-Based Network for Stablecoins
coindesk·2d ago
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TRON USDT Distribution May Indicate Retail Wallets Drive Daily Transfers While Whales Hold Significant Liquidity
TRON USDT distribution shows concentrated liquidity: retail wallets (100M USDT) control large liquidity pools, and midsize wallets (10K–1M USDT) bridge activity — this mix supports fast, low-cost stablecoin flows and
coinotag·2d ago
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Innovation in the Island Nation: Bybit Collaborates with Tether to Empower Authentic Content Creation in Sri Lanka
BitcoinWorld Innovation in the Island Nation: Bybit Collaborates with Tether to Empower Authentic Content Creation in Sri Lanka DUBAI , UAE , Sept. 18, 2025 /PRNewswire/ — Bybit , the world’s second-largest cryptocurrency exchange by trading volume, is excited to activate another local initiative with Ceylon Cash in Sri Lanka . In collaboration with Tether , the largest company in the digital asset industry, The Voices of the Island event empowers Sri Lankan creators and crypto enthusiasts to amplify their stories across social media platforms. The challenge will feature top community leaders and influencers with a connection to Sri Lanka , but is open to all content creators. Prizes totaling over 1.5 million LKR, with a Sony PlayStation 5 as the grand prize, will be awarded at the event. Offering a global platform for dreamers and builders in Sri Lanka , Voices of the Island is an experiment in authenticity and personal experiences in the age of change. Everyone can become a creator by sharing original content about the role of everyday digital assets, such as Tether’s USDT, the increasing ease of access to crypto, how it changes daily lives, and crypto-native digital payment solutions such as the Bybit Card . This initiative aligns with Tether’s broader mission of advancing financial inclusion and empowering communities through education, creativity, and access to digital assets. By supporting local creators in Sri Lanka , Tether underscores how USDT can serve as a practical tool in everyday life, enabling individuals to share their stories, participate in the digital economy, and explore new opportunities for growth. How It Works The event accommodates a wide range of content formats, including blogs, reels, memes, threads, and generic posts, across X, TikTok, Instagram Reels, YouTube Shorts, Facebook, Medium, and LinkedIn. All it takes is access to social media platforms and a creative mind. Creators can join by: Creating a Bybit account and registering for the event to generate a creator-specific link Producing original content around relevant themes, including Bybit in Sri Lanka , Tether, and daily life, crypto exchange reviews, Bybit Card experiences, and crypto education in Sinhala or English Sharing content across social platforms with hashtags #CryptoArk, #TetherLKA, #usdt and #Tether while tagging @BybitSriLanka Participants will be able to track their progress on a Telegram leaderboard provided they use the link and hashtags correctly Results of the following prize pools will be announced weekly: Content Pool (valued at about 500,000 LKR ): Quality and engagement-based rewards Participation Pool (valued at about 500,000 LKR ): 5-20 USDT airdrops for approved submissions Performance Pool (valued at about 500,000 LKR ): Reserved for the top 10 creators driving new user signups with deposits In addition, content featuring the Bybit Card in real-world applications will receive special recognition, and the grand prize of a Sony PlayStation 5 will be awarded at the end of the event. “The event gives us an opportunity to showcase the real ways people are using crypto in their everyday lives in Sri Lanka ,” said Nazar Tymoshchuk , Regional Manager at Bybit. “Across the world, we are witnessing major breakthroughs in the accessibility, use cases, and infrastructure for a blockchain-powered economy, and South Asia is one of the most exciting places to be right now.” “When creators share their genuine experiences—whether it’s paying bills with the Bybit Card or using USDT to grow a nest egg—it helps others see how accessible and practical crypto can be. Through the memes, reels, and blog posts, we are celebrating the people behind the stories,” said Sheranga Maneesha (ManiyaWeb3), BD at Ceylon Cash . Through the collaboration with Tether and Ceylon Cash—the driving force behind Web3Ceylon , Sri Lanka’s largest community-led blockchain education and adoption program, the event showcase original content and seeks to document crypto’s transformative power for ordinary people, small businesses, and aspiring entrepreneurs. The event is open to eligible participants in Sri Lanka only. Terms and conditions apply. For the detailed rules and requirements, users may visit: [Bybit x Tether] Voices of the Island: Share your story and win rewards! #Bybit / #TheCryptoArk About Bybit Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com . For more details about Bybit, please visit Bybit Press For media inquiries, please contact: media@bybit.com For updates, please follow: Bybit’s Communities and Social Media Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube This post Innovation in the Island Nation: Bybit Collaborates with Tether to Empower Authentic Content Creation in Sri Lanka first appeared on BitcoinWorld .
bitcoinworld·2d ago
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Shiba Inu Team Issues Explosive Update On Shibarium Bridge Exploit
Shiba Inu’s core team has issued a sweeping post-mortem update on the Shibarium bridge breach, detailing a multi-step attack that combined a flash-loan powered governance capture with compromised validator keys—followed by emergency protocol changes and a split bounty offer aimed at recovering user funds. Shiba Inu Devs Speak Out On Shibarium Bridge Exploit In an X post published on September 17, 2025, the official Shiba Inu account said the exploiter “executed a flash loan swap to acquire 4.6M BONE from ShibaSwap” and delegated them to “Ryoshi Validator 1,” which pushed their voting power “> 2/3 majority” across Shibarium validators. Using “compromised internal validators” to co-sign a malicious state, the attacker then drained assets from the L2’s canonical bridge. The team now pegs direct losses at $4.1 million. The disclosure adds granular color on what left the bridge exposed and how responders moved. The Shiba Inu team says the “leading possibility for the root cause” was a compromise of internal validator keys—“either from the developer machine or the server’s KMS”—not a CCIP predicate path that “was unrelated.” The team further says it suspended bridge operations, began forensic analysis, and initiated a hardening campaign: revoking root chain manager access on the PoS bridge, lengthening the half-exit time on the Plasma path, and removing a predicate burn-only entry from the Plasma registry to prevent withdrawals. “We have suspended bridge operations… there is a significant loss of user funds on Shibarium,” the update states. According to the team’s accounting, 17 tokens were taken from the bridge, including roughly $1.0M in ETH, $1.3M in SHIB, $717K in KNINE, $680K in LEASH, and $260K in ROAR, alongside smaller balances of TREAT, USDC, USDT, BAD, SHIFU, FUND, DAI, LTD, xFUND, WBTC and OSCAR. The exploiter has so far sold only USDT and USDC into ETH; they attempted seven times to sell KNINE before the K9 Finance DAO blacklisted the attacker’s wallet. The rest of the assets remain under the attacker’s control and “at risk,” the team warned. SHIB Team Ups Bounty To 50 ETH The remediation push now includes two distinct bounty tracks. First, the bounty chronology began with K9 Finance DAO—the Shibarium-aligned liquid-staking project—publishing an on-chain 5 ETH offer to the attacker for the return of KNINE, structured to decay after seven days and expire after 30 days. K9’s accompanying X posts stressed the “accept()” finality and “code-is-law” terms embedded in the escrow contract. The exploiter then replied publicly: “I can’t accept 5 ETH. The bounty I can accept is 50 ETH and I will not return KNINE for less.” After that refusal did the Shiba Inu team transmit a separate, on-chain 50 ETH bounty message via its Deployer 2 address covering the non-KNINE assets, conditioned on full restitution and a whitehat disclosure, with a promise of a legal-action waiver upon verified return. The Shiba Inu team’s on-chain message reads in part: “Offer: 50 ETH bounty via a new bounty smart contract escrow,” adding that the attacker must return WETH, SHIB, LEASH, ROAR, TREAT, USDC, USDT, BAD, SHIFU, FUND, DAI, LTD, xFUND, WBTC, and OSCAR, and submit a full technical disclosure; “upon complete restitution and accepted disclosure, we will issue a waiver of legal action (subject to applicable law).” Transaction records show the message was sent from shiba-swap.eth (Deployer 2) to the address labeled ShibaSwap Exploiter on September 17. For now, bridge operations remain disabled, and users are cautioned that assets listed as “under attacker control” remain exposed until recovery or further containment. At press time, SHIB traded at $0.00001346.
bitcoinist·2d ago
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Cointelegraph.com News·2d ago
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Tether CEO Delivers Rare Bitcoin Price Comment
Bitcoin price receives rare acknowledgement from Tether CEO Ardoino
utoday·3d ago

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AboutTether (USDT) is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create a stable cryptocurrency that can be used like digital dollars. Coins that serve this purpose of being a stable dollar substitute are called “stable coins.” Tether is the most popular stable coin and even acts as a dollar replacement on many popular exchanges! According to their site, Tether converts cash into digital currency, to anchor or “tether” the value of the coin to the price of national currencies like the US dollar, the Euro, and the Yen. Like other cryptos it uses blockchain. Unlike other cryptos, it is [according to the official Tether site] “100% backed by USD” (USD is held in reserve). The primary use of Tether is that it offers some stability to the otherwise volatile crypto space and offers liquidity to exchanges who can’t deal in dollars and with banks (for example to the sometimes controversial but leading exchange Bitfinex). The digital coins are issued by a company called Tether Limited that is governed by the laws of the British Virgin Islands, according to the legal part of its website. It is incorporated in Hong Kong. It has emerged that Jan Ludovicus van der Velde is the CEO of cryptocurrency exchange Bitfinex, which has been accused of being involved in the price manipulation of bitcoin, as well as tether. Many people trading on exchanges, including Bitfinex, will use tether to buy other cryptocurrencies like bitcoin. Tether Limited argues that using this method to buy virtual currencies allows users to move fiat in and out of an exchange more quickly and cheaply. Also, exchanges typically have rocky relationships with banks, and using Tether is a way to circumvent that. USDT is fairly simple to use. Once on exchanges like Poloniex or Bittrex, it can be used to purchase Bitcoin and other cryptocurrencies. It can be easily transferred from an exchange to any Omni Layer enabled wallet. Tether has no transaction fees, although external wallets and exchanges may charge one. In order to convert USDT to USD and vise versa through the Tether.to Platform, users must pay a small fee. Buying and selling Tether for Bitcoin can be done through a variety of exchanges like the ones mentioned previously or through the Tether.to platform, which also allows the conversion between USD to and from your bank account.
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Date
Market Cap
Volume
Close
September 20, 2025
$171.52B
$54.86B
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September 20, 2025
$171.52B
$79.14B
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September 19, 2025
$171.18B
$106.46B
$1.00
September 18, 2025
$171.01B
$119.53B
$1.00
September 17, 2025
$170.86B
$84.44B
$1.00
September 16, 2025
$170.3B
$103.67B
$1.00
September 15, 2025
$170.34B
$76.05B
$1.00
September 14, 2025
$170.09B
$86.88B
$1.00
September 13, 2025
$169.65B
$111.5B
$1.00
September 12, 2025
$169.44B
$91.5B
$1.00

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