ApeX adds USDT-USDC Conversion
MAR
23
Event date
Sunday 23 March 2025, UTC
Event description
The announcement aligns with a 2025 crypto market surge, where stablecoins like USDT and USDC dominate with a combined market cap over $200 billion, fueling demand for efficient conversion tools in DeFi.
It reflects growing regulatory scrutiny on stablecoins, with the U.S. and EU tightening oversight to ensure transparency, impacting how platforms like ApeX Omni integrate and promote these assets.
The feature taps into Ethereum's scaling challenges, as Layer 2 solutions like ApeX Omni seek to enhance transaction speed and cost-efficiency amid network congestion.
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