Cryptocurrency Analysis and News Portal
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether (USDT), the stablecoin pegged to the U.S. dollar, has reached an all-time high (ATH) market capitalization exceeding $83 billion, demonstrating its continued market dominance. This new ATH market cap for USDT comes at a time when
Read More
Strike will be hoping to leverage Tether’s stability as a reliable store of value to appeal to more clients globally. Strike, a global payments platform built on Bitcoin‘s Lightning Network, has added support for Tether (USDT). By integrating the world’s largest stablecoin, users of the Strike app may now carry out
Read More
With the new bitcoin-buying plan, announced about a week after the attestation, Tether joins the ranks of a number of institutional behemoths hoovering up BTC. Notably, MicroStrategy, the publicly-traded tech firm that after nearly two years of dollar cost averaging now essentially trades as a backdoor bitcoin exchange-traded fund (ETF),
Read More
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With a current value of $82.84 billion, tether is a mere $433 million shy of reaching its all-time high (ATH) set
Read More
TrueUSD's Bitcoin Trading Volume Nears Tether’s on Binance but Traders Hesitate to Use the Token Source
Read More
"When news about unlimited support for bank deposits made the rounds, bitcoin prices exploded from $20,000 to $28,000 within a matter of days," said Thielen in a note to clients on Thursday. "But it would appear that holders of USDC either converted their Circle stablecoin into Tether's USDT or that
Read More
Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation. Source
Read More
USDT’s market capitalization has grown some $5.3 billion this year so far to $71.6 billion, with $3 billion of the gains after mid-February. Circle’s rival stablecoin, USD Coin (USDC), has also gained $3 billion since the Paxos announcement; however, its $44 billion market cap is still lower than at the
Read More
In the largest BUSD pool on decentralized finance (DeFi) protocol Curve, where traders can swap between stablecoins, traders almost depleted the USDT, USDC and DAI liquidity. Now, 85% of the pool’s liquidity is BUSD, making it difficult for traders to exchange large amounts of BUSD, and forcing sellers to accept
Read More
The move comes after the Canadian Securities Administrators committed to stronger oversight over crypto exchanges following FTX’s collapse. Original Source
Read More