Daily News: Tether’s new USAT stablecoin, CleanCore’s DOGE buy, Bitcoin’s “almost ideal” background, and more

According to Bijie.com, the following article is adapted from The Block’s newsletter The Daily, which was released on weekday afternoons. Happy Friday! Gadi Chait, investment manager at Xapo Bank, told The Block that sticky inflation and weak jobs data create an "almost ideal" backdrop for Bitcoin as investors hedge against currency depreciation and macro uncertainty. In today’s newsletter, Tether has launched a new USAT stablecoin, CleanCore Solutions has purchased more DOGE, FTX Foundation redeems $45 million worth of Solana from stake, and more. Let's get started. P.S. Don’t forget to check out The Funding, a biweekly summary of cryptocurrency VC trends. This is a great read – like The Daily, you can subscribe for free! Tether appointed former President Trump’s executive director of the White House Cryptocurrency Committee as CEO of his newly formed U.S. branch to lead the launch of its USAT stablecoin. Nasdaq-listed CleanCore Solutions nearly doubled its Dogecoin vault to more than 500 million DOGE on Thursday, less than three days after its first purchase. The FTX and Alameda Foundation redeemed 192,000 SOL from the pledge on Thursday, worth approximately $45 million, according to their regular monthly liquidation plan. Polymarket bettors believe Native Markets has a 96.00% chance to win a bid for the USDH stablecoin that issues Hyperliquid, far ahead of competitors such as Paxos and Agora. Coinbase has asked a federal court to order expedite the search for text messages deleted by Gary Gensler after the Inspector General’s Office revealed that the SEC had deleted his communications record for a year. With The Block Daily Summary, you will never miss the most influential events that have taken place in the digital asset ecosystem.