Bybit’s Strategic ARS Integration: A Bullish Catalyst for USDT Adoption in Argentina
Bybit, the world's second-largest cryptocurrency exchange, has launched an Argentina-exclusive campaign that significantly enhances fiat on-ramp capabilities through Argentine Peso (ARS) integration. Running from October 13 to November 13, 2025, this strategic initiative marks a pivotal expansion in Bybit's Latin American presence since its 2024 market entry. The campaign introduces innovative local payment methods and offers substantial incentives, including iPhone 17 prizes and portions of a 1 million ARS prize pool, specifically targeting new users who complete verification. This development represents a major advancement for USDT accessibility in Argentina, providing crucial fiat gateway infrastructure that could substantially increase USDT trading volumes and market penetration. The timing coincides with Argentina's growing cryptocurrency adoption amid economic challenges, positioning Bybit to capture significant market share while strengthening USDT's utility as a stable trading pair against volatile local currency. This campaign not only demonstrates Bybit's commitment to emerging markets but also creates powerful network effects that could drive substantial growth in USDT liquidity and usage throughout the region, making it a potentially transformative development for digital asset accessibility in Latin America's third-largest economy.
Bybit Launches Argentina-Exclusive Fiat ARS Campaign with Special Prizes
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has unveiled a targeted campaign for Argentine users. The promotion, running from October 13 to November 13, 2025, celebrates Bybit's expanding footprint in the country since its 2024 entry.
The initiative introduces new local payment methods and offers Argentine users completing verification a chance to win an iPhone 17 or portions of a 14,000 USDT prize pool. Qualification requires either an initial ARS deposit equivalent to 100 USDT for one draw ticket, additional deposits up to 500 USDT for more entries, or achieving $100,000 in trading volume for two extra tickets.
Rewards distribution will occur through Bybit's Rewards Hub, with prizes including tiered USDT airdrops ranging from 5 to 50 USDT. The campaign underscores Bybit's strategic focus on Latin American market growth through localized incentives.
Tether to Launch Open-Source Wallet Kit for iOS and Android
Tether CEO Paolo Ardoino announced the imminent release of a fully open-source Wallet Development Kit (WDK), targeting both iOS and Android platforms. The toolkit aims to streamline the creation of secure, non-custodial wallets with features like mnemonic backup options and integrated DeFi functionality for USDT and USD₀.
The MOVE underscores Tether's push to democratize self-custody solutions, offering developers pre-built modules for lending, swapping, and asset management. By reducing development timeframes, the WDK could accelerate mainstream adoption of decentralized finance infrastructure.
Tether and Circle Face Growing Challenges to Stablecoin Dominance
Tether and Circle's stranglehold on the stablecoin market faces unprecedented pressure despite commanding over 80% of global stablecoin value. The duopoly benefits from first-mover advantages, crypto-native integrations, and regulatory ambiguity that have stifled competitors—for now.
Recent months' 'Stablecoin Summer' has exposed vulnerabilities in their dominance. Both companies have responded with high-profile executive hires and regulated euro (EURC) and dollar (USA₮) launches, signaling awareness of the shifting landscape. Yet questions persist about whether defensive maneuvers can maintain their lead.
DeFi applications continue driving stablecoin adoption, with trading, lending, and cross-border payments constituting Core use cases. The ecosystem's evolution suggests market dynamics may favor agile competitors offering superior value propositions to users and platforms alike.
S&P Global Integrates Stablecoin Risk Scores Onchain via Chainlink
S&P Global Ratings has partnered with chainlink to bring its stablecoin stability assessments directly onto blockchains. The integration enables decentralized finance protocols and smart contracts to access real-time risk evaluations of stablecoins, ranging from 1 to 5 based on factors like asset quality, liquidity, and regulatory status.
The service leverages Chainlink's DataLink infrastructure, eliminating the need for offchain data feeds. Initial deployment will occur on Ethereum's layer-2 network Base, with potential expansions as demand grows. Currently, S&P evaluates 10 stablecoins including Tether (USDT), USD Coin (USDC), and Sky Protocol's USDS/DAI.
This development arrives as the stablecoin market capitalization surges to $305 billion, more than doubling from $130 billion a year prior. S&P Global continues deepening its crypto involvement since first launching indices in 2021.
WinterMist Recovers Millions in Crypto Fraud Cases
As cryptocurrency scams surge globally, Luxembourg-based WinterMist has emerged as a critical player in recovering stolen digital assets. The firm successfully reclaimed millions for clients across high-profile fraud cases in 2025, demonstrating the growing need for specialized blockchain forensics.
In one notable case, WinterMist traced $1.6 million in Bitcoin (BTC) stolen through a fake trading platform. Through coordinated efforts with exchanges and law enforcement, most funds were frozen and returned within six weeks. Another victim recovered 92% of $780,000 in Tether (USDT) lost to a romance scam, highlighting WinterMist's cross-chain tracking capabilities.
The company also restored $430,000 in solana (SOL) and USD Coin (USDC) after a wallet hack, though the full technical details remain undisclosed. These recoveries underscore both the sophistication of crypto scams and the maturing ecosystem of asset protection services.
Tom Lee Links Stablecoin Growth to Gold Rally, Highlights $BEST Wallet Potential
Fundstrat's Tom Lee suggests stablecoins like Tether ($USDT) may be driving gold's unprecedented surge beyond $4,100—the metal's strongest performance since 1979. This correlation emerges as Tether's reserves increasingly allocate to Gold and U.S. Treasuries, effectively bridging digital assets with traditional stores of value.
The trend underscores growing demand for multi-functional crypto wallets. Best Wallet ($BEST) positions itself as a prime solution, offering institutional-grade security, staking yields up to 80% APY, and integrated DeFi access. Lee's CNBC commentary notes Tether's expanding supply could represent one of gold's largest current buyers, even as equities and major cryptocurrencies face sell-offs amid U.S.-China trade tensions.
