USDT News: Bitget Wallet Launches PayFi for Seamless Onchain and Real-World Payments

Bitget Wallet has unveiled PayFi, a groundbreaking platform designed to enhance the usability of digital assets in everyday life. PayFi enables users to store, spend, and transfer cryptocurrencies effortlessly, bridging the gap between blockchain technology and real-world applications. With features like stablecoin deposits through yield-generating DeFi protocols and simplified international transfers, PayFi aims to make cryptocurrency more accessible and practical for users worldwide.

Bitget Wallet Unveils PayFi for Onchain and Real-World Payments

Bitget Wallet has introduced PayFi, a multifunctional platform designed to streamline the storage, spending, and transfer of digital assets. PayFi aims to make cryptocurrency more accessible and practical for everyday use by enabling users to store or trade cryptocurrency and facilitate real-world applications. Key features include stablecoin deposits through yield-generating DeFi protocols, simplified international transfers, and the ability to purchase goods and services or send digital gifts. The platform supports stablecoins like USDT and USDC, allowing users to stake them for rewards and use them for daily expenses.

Tether Shifts to USDT0 Standard on Arbitrum

Tether is transitioning its stablecoin, USDT, to a new standard called USDT0 on the Arbitrum network, a leading Layer 2 blockchain. This change aims to enhance cross-chain compatibility and streamline transactions across different blockchain platforms. The migration process is set to begin on January 29, and will automatically swap all existing bridged USDT tokens to the new USDT0 standard without requiring any action from users. Arbitrum, which currently holds over $1.3 billion in bridged USDT among its $5.5 billion in stablecoin assets, is a crucial layer for stablecoin liquidity, widely used in decentralized finance (DeFi) applications and decentralized exchange (DEX) trading.

Donald Trump-Linked World Liberty Financial Accumulates $370M in Crypto Assets

World Liberty Financial (WLF), a venture linked to Donald Trump and his family, has been aggressively accumulating cryptocurrency assets. The public wallet associated with WLF now holds $370.4 million across 44 distinct cryptocurrencies. Key holdings include 59,269 ETH, 647 WBTC, and 19,399 stETH, along with other notable assets like USD Coin (USDC), Tether (USDT), Chainlink (LINK), Aave (AAVE), and meme coins such as Pepe (PEPE) and Mog Coin (MOG). Santiment's findings suggest that WLF's accumulation strategies indicate its growing influence in decentralized finance (DeFi). This aligns with Donald Trump's promise to position the U.S. as a global leader in cryptocurrency and blockchain technology.