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The cryptocurrency landscape is no stranger to legal battles and regulatory challenges. One of the most closely watched cases in recent times is the legal showdown between Ripple and the US Securities and Exchange Commission (SEC). As Ripple challenges the SEC’s case, it raises questions about how this legal drama might impact other cryptocurrencies like Tether (USDT), DAI (DAI), and Everlodge (ELDG).
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Tether (USDT): Maintaining Stability
Tether (USDT) has long been a staple in the cryptocurrency world, primarily known for its role as a stablecoin. Therefore providing a secure bridge between the volatile world of cryptocurrencies and traditional fiat currencies.
In recent Tether news, it announced a partnership with Bahamas-based Britannia Bank. However, the legal scrutiny faced by Ripple raises concerns about whether regulators might turn their attention to stablecoins like Tether next, potentially impacting its operations and value stability.
But, the Tether coin’s consistent 1:1 peg to the US dollar and its robust regulatory compliance efforts position it as a reliable option for those looking to park their funds securely in the crypto space.
DAI (DAI): New Milestone
DAI (DAI) has garnered attention as a stablecoin with a unique twist—decentralized and governed by the MakerDAO community. DAI’s market capitalization experienced a substantial boost recently, surging by nearly $1B. This surge came primarily due to the introduction of reward rates reaching as high as 8%.
These reward rates incentivize DAI holders to participate in various DeFi protocols, providing liquidity and earning rewards. Afterward, the demand for the DAI coin increased as users sought to capitalize on its stable value while reaping the rewards.
DAI’s decentralized nature pegged to the US dollar and its growing utility in the DeFi ecosystem make it an intriguing choice for investors looking for stability.
Everlodge (ELDG): Regulatory Preparedness
Everlodge (ELDG), a blockchain-based platform focused on real estate, is likely monitoring the Ripple case closely. While Everlodge operates in a different niche, the broader regulatory landscape affects the entire crypto industry. This project aims to overhaul the real estate market by creating a property marketplace that solves issues that affect it.
For example, traditional real estate investments typically require substantial capital, making them inaccessible to the average individual. Everlodge introduces a democratized approach, allowing investors to participate in the real estate market with smaller budgets. It accomplishes this by digitizing and minting luxurious properties into NFTs and fractionalizing them.
Furthermore, real estate investments are known for their illiquidity. But, Everlodge introduces a secondary marketplace where users can trade property-backed NFTs seamlessly. This increases liquidity and streamlines the process of buying and selling real estate assets.
Everlodge is offering its native token, ELDG, for just $0.016 as the presale is in Stage 2. Those who bought it early on are now enjoying a 60% ROI. Moreover, this percentage will increase as experts foresee a rise to $0.035 before its presale ends. In fact, they point to the fact that, unlike Tether and DAI, ELDG has real-world ties to the $280T real estate market.
