Tether Explores Crypto Lending Opportunities with Commodity Traders
In a strategic move that marks a significant shift in the cryptocurrency landscape, Tether, the company behind the popular USDT stablecoin, has begun discussions with commodity traders regarding the potential lending of its substantial cryptocurrency reserves. This initiative aligns with Tether's efforts to increase the utility of its digital assets and strengthen its market position amidst growing competition and scrutiny in the financial sector.
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Tokyo Electron Prepares for Major Expansion in India as Modi Lures Chipmakers
In what could be a turning point for India's semiconductor sector, Tokyo Electron Ltd, one of the world's biggest chipmaking equipment suppliers, is all set to scale up its Indian operations. This comes at a time when the government of Prime Minister Narendra Modi is making an all-out effort to woo top international chipmakers to establish manufacturing facilities in India.
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US Fintech Firm Seeks Membership, Boosts LME Trading Floor
The dimmed activity has quietened the iconic London Metal Exchange trading floor, which just received quite a significant shot in the arm as a US-based fintech firm made its bid for membership. This marks quite a development for the LME, which is struggling to keep its traditional open-outcry system in the face of digital trading's relentless march forward.
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Biden and Modi Unveil Plans for a New Semiconductor Plant in India
US President Joe Biden and Indian Prime Minister Narendra Modi have just announced one of the most important pieces of news in technology circles-a new plant that will open in India to make semiconductor manufacturing. This move is strategic, setting up a broader US-India collaboration aimed at firming up supply chains and making less dependence on Chinese-made components.
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