Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction
Since January 2023, the variety of tether stablecoins in circulation has grown from 66 billion to the present 80.9 billion, representing progress of greater than...
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
According to statistics, on March 26, the stablecoin financial system was valued at $135 billion, with the highest stablecoins representing $31.8 billion or 75% of...
In-Chat Tether Transfers Introduced in Telegram
Users of the Telegram messenger will now be capable to ship one another the main stablecoin, tether (usdt), immediately within the chats. The new choice...
Bitcoin Surges by More Than 37% Against US Dollar This Week, Taps $28K on Sunday
Bitcoin reached a excessive of $28,422 per unit on Sunday at round 3 p.m. Eastern Time because the main cryptocurrency has continued to rise over...
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
During the previous 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with a lot of the redemptions occurring following the depegging...
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
On Monday, the crypto financial system skilled important market exercise with $183.85 billion in world commerce quantity over 24 hours, with a big portion of...
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
On Saturday, a number of centralized crypto buying and selling platforms and cost processors stopped USDC auto conversions. However, USDC skilled a major buying and...
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
On Saturday, March 11, 2023, crypto advocates are involved as a couple of stablecoin belongings have depegged from their $1 parity. The second-largest stablecoin USDC,...
Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations
It has been 21 days since Paxos revealed that it could now not mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have...
Brazilian Tax Authority Numbers Reveal Cryptocurrency Market Recovery in January
Numbers from the Brazilian tax authority point out that the cryptocurrency market skilled a resurgence in January, with buying and selling growing greater than 10%...