Authorities Explore Digital Currency, Create Market for TMS Network (TMSN), Bitcoin (BTC) and Tether (USDT) – Cryptopolitan
Governments around the world are exploring the possibilities of digital currencies, which are well known as CBDC, and this has created a massive market for innovative blockchain solutions such as the TMS Network (TMSN). The move has also boosted the market for established tokens such as Bitcoin (BTC) and Tether (USDT).
This week of Valentine, Bitcoin (BTC) and the cryptocurrency market in general saw a surge in trading despite the release of the latest Consumer Price Index (CPI) data for February, indicating higher inflation numbers than January 2023.
Bitcoin (BTC) showed some love to holders and witnessed a rise of over 10% to $24,438. Apart from Bitcoin (BTC), many cryptocurrencies have also seen an upward trend in the last 24 hours.
Despite Bitcoin (BTC) being bearish for most of last year, the Bitcoin (BTC) price rally this week is related to news of several central banks in various countries proposing to adopt Central Blockchain Digital Currencies (CBDCs).
The United Arab Emirates, the United Kingdom have been heavily involved, while the Indian central bank announced that 50,000 users and around 5,000 merchants are now using the country’s CBDC. This creates an interesting development for the adoption of Bitcoin (BTC), which makes up over 45% of the cryptocurrency market.
>>Read more about TMS Network (TMS) HERE<
Tether (USDT) is set to be the biggest winner of CBDC’s push.
According to the Tether (USDT) Transparency Dashboard, the circulating supply of Tether (USDT) stablecoin, which is the dominant USD-linked stablecoin, has increased to a three-month high and is estimated at $69.18 billion as of now.
Paolo Ardoino, CTO of Tether (USDT) and Bitfinex, tweeted about this coin and expressed his excitement. This development comes after Tether (USDT) increased the minting of Tether (USDT) following a scandal with its second largest competitor, Binance USD.
Despite several countries pushing for central bank digital currencies (CBDCs), Tether’s (USDT) CTO believes that private stablecoins like Tether (USDT) will continue to be relevant and will always have a place in the market even in the age of publicly issued digital. currencies.
Tether (USDT) remained pegged to the value of the dollar, and investors made $700 million in the fourth quarter of last year despite the storms of the crypto winter.
>>Read more about TMS Network (TMS) HERE<
The world is moving towards a more digital economy, and TMS Network (TMSN) is poised to lead the way with its cutting edge technology and outstanding safety features. Coincidentally, several countries globally are looking at the possibility of creating and deploying their native CBDCs. With this move, other digital currencies such as TMS Network (TMSN), Bitcoin (BTC) and Tether (USDT) will become more popular and widely accepted.
TMS Network (TMSN) is expected to reap the most benefit from this push as a relatively new token with more advanced technology and more uses. The TMS Network (TMSN) is a decentralized network that leverages blockchain technology to provide a efficient trading platform for crypto, CFDs, stocks and Forex traders.
Apart from that, the TMS Network (TMSN) platform provides a marketplace for NFTs to trade and invest. It aims to solve problems that plague other trading platforms, such as high trading fees, slow transaction time, inefficient scalability, etc.
Investors are bullish on TMS Network (TMSN), and the company has already done so raised $2 million in an incubator fund after a private seed sale. The public pre-sale is also ongoing and experts have predicted one 5000% increase in the token price before the end of the final pre-sale stages.
Summary
Nothing is as sweet as being one of the earliest investors in a promising project. As CBDCs gain traction, pushing the value of Bitcoin(BTC) and Tether (USDT) higher, TMS Network (TMSN) is also on track to become one of the largest blockchain networks in the crypto world.
Find out more about the TMS Network (TMSN) presale!!!
White paper:
Advance sales:
Website:
Telegram:
