Stablecoins, central bank digital currencies and the new rails of digital cash.
Despite a recent decline in Tether’s market capitalization and trading volumes, crypto financial services platform Matrixport believes it’s too early to sound the alarm on a bearish market turn. Since peaking at $141 billion on December 19, 2024, Tether’s USDT stablecoin has witnessed a 2.8% market cap drop. Concurrently, daily trading volumes have plummeted by … Read more
TRON (TRX) has become a dominant player in Tether (USDT) transfers, surpassing Ethereum in terms of user base and transaction volume. In 2024, TRON processed an average of $17.9 billion in daily USDT transfers, with DeFi and trading volumes reaching an even higher $5.46 trillion. This surge in activity positioned TRON as one of the … Read more
Ripple’s stablecoin, RLUSD, is making waves in the cryptocurrency market, experiencing a surge in trading volume that surpasses established rivals like PayPal’s PYUSD and Circle’s EURC. Despite its relatively young age and smaller market capitalization, RLUSD has demonstrated impressive growth, indicating strong market confidence in Ripple Labs’ stablecoin innovation. Key Factors Contributing to RLUSD’s Success … Read more
Tether (USDT) emerged as the leading contributor to stablecoin market growth, adding $532.10 million, while Circle’s USDC followed with $132.77 million. These two issuers collectively dominate the market, accounting for nearly 90% of its over $200 billion valuation. Stablecoins are increasingly recognized for their practical applications within the crypto ecosystem. Their price stability provides a … Read more
Stablecoin issuer Tether made a significant move by transferring nearly $780 million worth of Bitcoin into its corporate reserves, marking its largest Bitcoin acquisition since March. Data from Arkham Intelligence shows Tether’s Bitcoin reserves received two substantial transfers on Dec. 30: one for 7,628.9 BTC and another for 775.6 BTC. These combined transfers total approximately … Read more
Following the demise of Tether’s EURt, a wave of banks are entering the euro-backed stablecoin market. Driven by growing demand for blockchain-based financial solutions and the recent regulatory clarity provided by Europe’s MiCA regulations, institutions like Société Générale, Standard Chartered, and Revolut are seeking to capitalize on this opportunity. Société Générale-Forge has taken the lead … Read more
XRP, which surged to nearly $3 during the recent Trump-fueled rally, has seen its momentum fade. After a brief spike following the launch of its stablecoin in mid-December, XRP has declined by 25%, currently struggling to stay above $2. A 6% drop in the past 24 hours has heightened concerns, with analysts highlighting the $1.96 … Read more
The ONDO/USDT pair has displayed a classic Head & Shoulders pattern on its 4-hour chart, raising concerns about potential bearish momentum. The pattern, characterized by a left shoulder peaking near $2.00, a head forming around $2.30, and a right shoulder forming below $1.90, suggests a weakening trend. The critical neckline at $1.48 has so far … Read more
Tether, the dominant stablecoin, faces a crucial deadline as Europe’s Markets in Crypto-Assets (MiCA) regulation requires it to obtain an e-money license by December 30th. Failure to comply could result in delisting from European crypto exchanges, potentially disrupting the market. Tether’s role as a cornerstone in crypto transactions and its widespread use in USDT trading … Read more
Cryptocurrency exchange OKX today introduced USDT-margined perpetual futures contracts for two AI-focused digital assets: GRIFFAIN and ZEREBRO. GRIFFAIN, an AI-powered platform enabling users to create and deploy customized AI agents for automation, will have its futures contract listed at 7:00 AM UTC. ZEREBRO, an AI platform for decentralized social media content creation and analysis, will … Read more