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“# Tether’s market cap hits $50B as stablecoin adoption grows ” The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign that the cryptocurrency bull market was still heating up. Tether Operations Limited confirmed the milestone on Friday, with roughly 50 billion USDT now reported to…
“# Tether gets Coinbase’s seal of approval, will list on pro offering ” The United States’ largest cryptocurrency exchange, Coinbase, is listing Tether (USDT) on its professional trading platform. According to a Thursday announcement, Coinbase Pro has enabled USDT deposits ahead of the trading launch scheduled for Monday. The company said that trading will begin…
“# Tether launches on Hermez rollup as Ethereum starts falling behind ” Tether (USDT) has now launched on Hermez Network, an Ethereum scalability solution based on the zk-rollup concept. Rollups provide a way of batching or “rolling up” transactions to lighten the load on the Ethereum network. The key to rollups is the concept of…
“# USDT, USDC, and BUSD represent 93% of stablecoin market cap ” Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap. Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins — Tether (USDT), USD Coin (USDC), and Binance…
“# Bitcoin bulls are confident even as a key BTC price metric hits a new low ” Newer traders might be unaware of this, but investors can also borrow BTC to margin trade a short position, thus betting on the price downside. This is why some analysts monitor the BTC, and USDT total lending amounts…
“# Bitcoin exchanges just saw massive Tether stablecoin deposits ” Nearly half a billion in Tether inflows was recorded on April 8 across major Bitcoin (BTC) exchanges, based on Glassnode’s data. Considering that the inflows, the biggest since mid-March, coincided with a minor Bitcoin pullback, it indicates that buyers could be waiting to step in…
“# Jeremy Allaire: ‘USDC is halfway to flipping PayPal’ ” The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value. The comments came in an April 6 tweet in which Allaire alluded to the…
“# Tether’s stablecoin set to land on Polkadot and Kusama ” Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network. Tether is the oldest stablecoin to reach significant…
“# Tether stablecoin is fully backed, says new assurance report ” Tether Holdings Limited, a company behind the world’s largest stablecoin Tether (USDT), has released an assurance opinion to confirm that Tether tokens are fully backed by its reserves. In a statement shared on Twitter Tuesday, Tether provided the company’s Consolidated Reserves Report, or CRR,…
“# Stablecoin reserves on crypto exchanges hit new historic high of $10B ” Stablecoins like Tether (USDT) and USD Coin (USDC) have hit another milestone in terms of accumulation by exchanges. According to market data provider CryptoQuant, stablecoin holdings on global crypto exchanges soared to a new all-time high on March 28, exceeding $10 billion….