Stablecoins, central bank digital currencies and the new rails of digital cash.
In a significant development for the cryptocurrency world, Tether (USDT), a stablecoin pegged to the US dollar, has reached a new milestone on the Tron blockchain. According to data, USDT transactions on Tron surpassed Visa’s average daily trading volume in a single day. This marks a potential shift towards a more digital future for global … Read more
Tether, a dominant player in the cryptocurrency industry, has launched a revolutionary new platform called Alloy by Tether. This innovative project aims to redefine stability within the digital economy by introducing aUSD₮, the first in a series of gold-backed stablecoins. aUSD₮: Bridging the Gap Between Fiat and Gold aUSD₮ is a digital currency designed to maintain a one-to-one peg … Read more
Leading cryptocurrency exchange Binance has announced the integration of Tether (USDT), the world’s most popular stablecoin, on the Toncoin Network. This move opens up new avenues for users to deposit and withdraw USDT, potentially offering faster transaction speeds and lower fees. Enhanced USDT Accessibility Previously, USDT transactions were limited to specific blockchains. By integrating with Toncoin, Binance expands … Read more
In a significant milestone for the Tron (TRX) network, the daily transaction volume of the Tether stablecoin (USDT) on the platform has surpassed the average daily trading volume of Visa, a leading global payment processor. Data reveals that the 24-hour transaction volume of USDT on the Tron network reached a staggering $53 billion, exceeding Visa’s … Read more
Maker (MKR) isn’t just a cryptocurrency, it’s the governance token behind MakerDAO and its brainchild, Dai (DAI). MakerDAO is a decentralized organization that built Dai, a stablecoin pegged to the US dollar. Unlike traditional crypto’s volatility, Dai aims for stability, making it useful for everyday transactions. How Does MakerDAO Work? Imagine borrowing dollars by locking up more valuable collateral, like stocks or other … Read more
Ripple, a prominent player in the blockchain and cryptocurrency space, has recently unveiled its latest innovation: a new stablecoin designed to bridge the gap between traditional finance and the digital economy. Dubbed “Real USD,” this stablecoin aims to provide a reliable and secure digital representation of the US dollar, catering to the growing demand for … Read more
Tether, the issuer of the world’s most popular stablecoin USDT, has come under scrutiny from European regulators. The controversy stems from Tether’s continued issuance of large amounts of USDT – reportedly over 1 billion tokens every month. This rapid token creation has raised concerns about the stability of USDT, which is pegged to the US … Read more
Tether, the world’s largest stablecoin issuer, is reportedly planning to invest over $1 billion in deals in the next year, according to a Bloomberg report. The company is looking to invest in a variety of assets, including cryptocurrencies, blockchain startups, and traditional financial assets. Tether’s Investment Strategy Tether’s investment strategy is reportedly focused on long-term … Read more
The TON Foundation has revealed a collaboration with Tether aimed at expanding the availability of USDT on the TON blockchain to a wider range of crypto communities worldwide. Their strategy includes incorporating TON-based USDT into over a hundred exchanges and payment platforms across established and emerging markets within the next few months. Tether with the … Read more
Paxos, a notable figure in the stablecoin sector, has introduced a fresh stablecoin called Lift Dollar (USDL) via its subsidiary Paxos International, based in the UAE. Abu Dhabi Authority Secures and Regulates Paxos USDL Stablecoin With a daily dividend that is programmed to be around 5%, the US dollar-denominated Paxos USDL stablecoin tracks the performance … Read more