✨ $1Tetherillion

Tether's CEO thinks it could join the $1T market cap club. Plus, Apple's App Store is making changes.

Author

Sebastian Soran
February 13, 2024

Happy Tuesday, Zingernation! Prospective homebuyers in America just got some (more) bad news. It's now cheaper to rent a 3-bedroom home than to buy one in 90% of U.S. real estate markets. But you know what they say: Always hear the bad news first. Now the good news is…

Today’s partner is on a mission to empower everyone to build wealth through modern real estate investing. Check ‘em out.

Plus, Apple introduces changes to its App Store, Tether CEO predicts USDT could reach a market cap of $1 trillion and more.

MARKET SNAPSHOT

TOP STORY

Apple Ipad GIF by Mashable

Briefly: In a move to support alternative app stores in the European Union, Apple is introducing changes to its App Store Connect and TestFlight.

What Happened: Apple announced a series of changes to the App Store in the EU as part of iOS 17.4, including support for third-party app marketplaces.

What Else: Ahead of the public release of iOS 17.4 in March, Apple is now rolling out new features in App Store Connect for beta testing.

Why It Matters: The changes come in response to the European Union’s Digital Markets Act (DMA), which seeks to foster competition in the tech sector by requiring Big Tech companies to open their platforms.

A MESSAGE FROM ARRIVED HOMES

Arrived's mission is to empower everyone to build wealth through modern real estate investing. They’ve created an investor experience simplifying the complex decision-making traditionally associated with real estate — and lowered the barriers to entry — so anyone can do it.

With Arrived, investors can browse individual single-family residential homes and vacation rentals (pre-vetted based on their appreciation and income potential), choose how much to invest, and start building a highly-tailored portfolio of hand-selected investment properties in minutes. 

FIVE ZINGERS

Shop It: E-commerce company Temu was among the biggest spenders on Sunday’s Super Bowl commercials.

Dogecoin Killer: Shiba Inu reported a significant surge in its daily transactions and whale activity in the past two days.

With A B: Bitcoin ETFs received $1.1 billion in investments last week.

Free To Roam: Revolut offers an 'eSIM' service to reduce U.K. customers' data roaming fees when traveling abroad.

Better For Boomers: Research from Capital One shows that digital financial literacy increases with age.

ONE FOR THE ROAD

Tether CEO Says USDT Could Reach $1-Trillion Market Cap

Briefly: Tether reported $6.2 billion in 2023 profits, racing ahead of established companies like BlackRock, Netflix and Uber.

So Basically: Tether CEO Paolo Ardoino said Tether maintains 100% reserve-backed tokens, and that he aims to make profits without risking customer assets and being greedy.

So Then: He said that Tether holds a $5.2-billion surplus in corporate reserves and countries such as Brazil, Venezuela, Vietnam and Nigeria have significant usage of USDT.

So What? Stablecoins have garnered support from prominent figures in the industry, with Tether getting a high-profile shout-out at Davos. Now Tether aims to focus on serving users in developing countries and those seeking better payment solutions than traditional banks.

What Next: The company plans to invest in innovative financial technologies and areas such as renewable energy and peer-to-peer telecommunications. Read more here.

A MESSAGE FROM ARRIVED HOMES

Arrived's mission is to empower everyone to build wealth through modern real estate investing. They’ve created an investor experience simplifying the complex decision-making traditionally associated with real estate — and lowered the barriers to entry — so anyone can do it.

With Arrived, investors can browse individual single-family residential homes and vacation rentals (pre-vetted based on their appreciation and income potential), choose how much to invest, and start building a highly-tailored portfolio of hand-selected investment properties in minutes.