Tether competitors are growing more and more pressure to push the world’s largest Issuer Stablecoin from the cryptographic market, including political pressure to reduce the company’s leading share.

In wider cryptographic markets, analysts suggest that most cryptocurrencies will not see the universal rally of the “Altcoin season” in 2025 and only choose tokens with balanced interest in investors and the revenue generation model will be able to exceed the rest of the tokens.

Paolo Ardoino: Competitors and politicians intend to “kill the imprisonment”

According to the company’s general director, Paolo Ardoino, Tether’s competitors are working on pushing the world’s largest issuer Stablecoin from the cryptographic market.

Tether, issuer of the world’s largest Stablecoin, USDT (USDT), has a market capitalization of over $ 142 billion – more than twice as high as Circle coins (USDC) $ 56 billion, according to CointeLgraph data.

However, the issuer of Stablecoin faces the growing pressure from competing companies and politicians, said Ardoino on February 25, X post.

“Although the business model of our competitors should be building a better product and an even larger distribution network, their real intention is” kill Tether “. Every business or political meeting that culminates with this intention. “

“I will leave you to define a competitor trying to use the right to kill an opponent instead of focusing on better products,” added Ardoino.

Ardoino said that Tether would continue to focus on the mission of promoting global financial inclusion, especially in poorly developed economies, noting that USDT is used by over 400 million people and gains 35 million recent wallets of each quarter.

ARDOINO comments were excluded from the list of 10 companies approved to issue Stablecouins within the European Union markets as part of regulatory cryptocurrency (MICA).

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ALTSASON 2025: “Most Altcoins will not do it,” says Cryptochan CEO

Most cryptocurrencies, apart from Bitcoin and Ether, cannot experience the universal “Altcoin Season” rally in 2025, but projects with robust foundations and models generating revenues may exceed the wider market, according to Ki Adolescent Ju, the founder and general director of Cryptoquant.

“Most Altcoins will not do” during the 2025 market cycle, already wrote In the post of February 25 x.

He said that cryptocurrencies with potential permits of the rotary fund (ETF), solid models generating revenues and lasting attention of investors can exceed the rest of the market. Despite this, “the era of everything is over,” he added.

The prospects are coming, because 24% of the 200 largest cryptocurrencies have fallen to the lowest level for over a year, which causes speculation about the possible surrender of the market.

According to Juan Pellicer, a senior research analyst on the Crypto Intelligence intelligence platform, the current deterioration of the economic situation may signal the incoming market surrender.

“Recently correction of the market, with significant liquidations (especially in resources such as Solana) and a decrease in total cryptographic market capitalization to $ 3.13 trillion, indicates possible surrender when the positions about supercare are washed out,” said Pellicer Cointelegraph.

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Bybit Hacker Landers USD 335 million, because the funds are still moving

The hacker standing for $ 1.4 billion Bybit Exploit bruised over $ 335 million digital assets, and investigators are still following the traffic of stolen funds.

The sentiment of cryptographic investors was affected by the greatest hack in the history of cryptocurrencies on February 21, when Bybit lost over $ 1.4 billion in the ether with the liquid (Steth), Mantle Stakeed Eth (Meth) and other digital assets.

Onchain data show that the hacker has moved 45,900 ether (ETH) – worth about $ 113 million – in the last 24 hours, which increased the total amount to over 135,000 ETH with a value of $ 335 million.

This left a hacker with about 363,900 ETH worth about $ 900 million, According to to the pseudonym analyst Blockchain Embercn.

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American legislators progressed to repeal the “unfair” tax cryptographic tax rule

American legislators in the House of Representatives have developed a resolution of repealing the “Defi Broker Rule”, which requires brokers to report digital asset transactions to the internal revenue service.

In mind in 2027, the regulation of the IRS broker was approved December 5 and would extend the existing reporting requirements with decentralized exchanges. This would require brokers to disclose gross revenues from the sale of cryptocurrencies, including information regarding taxpayers involved in transactions.

When wasting the Committee on February 26, the Commission for Dosień and Funds, a key group in the Chamber, which deals with financial issues, he voted 26 to 16 to advance resolution.

In a statement, Miller Whitehouse-Levine, CEO of Defi Advocacy Group The Defi Education Fund, said that the rule is “unlawful and unconstitutional excessive cultivation” and must be repealed to “protect the freedom of choosing Americans in their transaction.”

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Metamask adds FIAT off-frame for 10 blockchains to improve cryptographic availability

The cryptocurrency portfolio based in Ethereum, Metamask, expands its FIAT off-frame services to support 10 additional blockchain networks. The transfer, in cooperation with the Transak payment supplier, aims to simplify the process of transforming digital assets into a conventional currency.

Metamaska ​​users were previously forced to exchange assets for ether tokens (ETH) before they were able to convert them in Fiat Money, adding additional steps and transaction fees.

However, as part of the ongoing partnership Metamas from Transak, the wallet will add support for 10 recent networks: Arbitrum Mainnet, Avalanche C-Chain Mainnet, Base, BNB chain, Celo, Fantom, Moonbeam, Moonriver, Optimism and Polygon.

The first four tokens that have received immediate off-frame support include ETH on Ethereum, ETH on Optimisim, BNB (BNB) and a multi-toxate (POL) tokena. Support for additional six networks will be gradually implemented.

“Expanding off-frame possibilities to a transak, Metamask removes barriers between crypto and traditional currency, enabling users to convert a wider range of tokens directly to cash,” said Lorenzo Santos, a senior product manager at Conspensys.

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DEFI discussion

According to CointeLraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies according to market capitalization ended in red.

The decentralized token Exchange Raydium from Solana (Ray) fell by 55% as the largest week, followed by the Lido Dao (LDO) token, fell by more than 34% on a weekly chart.

Thank you for reading our summary of the most influential DeFI development this week. Join us next Friday to get more stories, observations and education about this dynamically progressive space.