OKX Europe has launched a one-way conversion feature allowing customers to deposit USDT and convert it into USDC, offering a regulated migration path as the European Union’s Markets in Crypto-Assets (MiCA) rules limit support for the world’s largest stablecoin.According to a company announcement shared with Cointelegraph, the feature lets customers deposit Tether’s USDt (USDT) into their OKX Europe account and convert the tokens into USDC (USDC), one of the largest stablecoins available under the European Union’s MiCA framework. Tether has not obtained authorization to issue USDT under MiCA, prompting many European platforms to restrict deposits, delist trading pairs or convert…

California local governments of every size are crying poor as they struggle with budget shortfalls amid what many officials predictably call a “perfect storm” of troubling economic news, including the end of COVID-19 funds that had propped up their budgets for a few years. As ABC News reported, “From rising costs to slowing revenue, local governments are now being forced to make difficult financial decisions as they work to balance their budgets.” The “difficult financial decisions” caused me to laugh out loud given that, well, local government officials’ idea of a tough decision always comes down to one or all…

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