Stablecoins, central bank digital currencies and the new rails of digital cash.
In a strategic move to enhance liquidity during the ongoing bull market, Tether has minted a substantial amount of USDT over the TRON network. Within the past 12 hours, the company minted an impressive $1 billion USDT, reinforcing its commitment to maintaining a robust supply across major exchanges and blockchains. This latest mint brings the … Read more
As the U.S. elections approach, Kalshi is positioning itself to compete in the burgeoning prediction market by introducing USD Coin (USDC) deposits. Announced on October 28, this move aims to attract more users by offering a crypto deposit option powered by ZeroHash for seamless off-ramping. Kalshi is contending for a competitive edge in a market … Read more
Solayer Labs has made a significant breakthrough in the cryptocurrency space with the launch of sUSD, the first yield-bearing stablecoin on the Solana blockchain. Backed by US Treasury Bills, sUSD offers users an innovative way to earn interest while maintaining the stability associated with traditional currencies. Earning Interest Made Easy One of the standout features … Read more
Tether has officially launched its USDT stablecoin on the Aptos (APT) blockchain, marking a significant milestone for both platforms. This integration is expected to enhance transaction efficiency, reduce costs, and speed up processes, potentially leading to increased price movements for the world’s most widely adopted stablecoin. Aptos Taps Into USDT On-chain: Key Implications Aptos, a … Read more
In a significant move for cryptocurrency adoption, Banco Bisa, a major bank in Bolivia, has launched a custody service for Tether’s USDt stablecoin. This initiative marks a pivotal moment in the country’s evolving relationship with digital assets, allowing clients to buy, sell, and transfer cryptocurrencies through the bank. New Custody Service Offered by Banco Bisa … Read more
At the recent Plan ₿ Forum, Tether CEO Paolo Ardoino disclosed that the company holds $9.45 billion in Bitcoin and gold as part of its reserve structure. This revelation comes in the wake of regulatory scrutiny highlighted by a Wall Street Journal report. Ardoino emphasized that these assets are part of a broader reserve strategy … Read more
Wall Street is experiencing a surge in interest in tokenized money-market funds as traders seek alternatives to traditional stablecoins. These digital assets, representing investments in short-term debt securities, are emerging as a viable option amid ongoing cryptocurrency market volatility, attracting both financial institutions and individual traders. Tokenized Money-Market Funds vs. Stablecoins According to Bloomberg, several … Read more
Tether has proposed leveraging blockchain technology to establish a digital asset exchange in Istanbul, signaling its commitment to Turkey’s growing digital asset landscape. While Turkish officials noted that the proposal isn’t ready for immediate implementation, discussions are underway to explore the initiative further. Turkey holds a strategic position in the global market, possessing over 70% … Read more
According to Dante Disparte, Chief Strategy Officer and Head of Global Policy at stablecoin issuer Circle, the United Kingdom is poised to introduce formal regulations for stablecoins in the coming months. In a recent interview with CNBC, Disparte expressed confidence in the UK’s ability to establish clear guidelines for these digital assets. A Delayed but … Read more
Tether’s stablecoin, USDT, has achieved a new milestone, surpassing a market capitalization of $120 billion for the first time. This significant increase suggests positive sentiment within the broader cryptocurrency market. According to a recent update on Tether’s website, USDT’s market cap has been steadily climbing, reaching a new high on October 20th. Blockchain developer and … Read more