Stablecoins, central bank digital currencies and the new rails of digital cash.
Prominent stablecoin issuer Tether, the business behind the biggest stablecoin in the world, USDT, has covertly added 8,888.888 BTC to its holdings for a total of about $618 million, bringing its total holdings of Bitcoin to approximately 75,354 BTC. With around $5 billion worth of the flagship cryptocurrency stored in it, the company’s purported Bitcoin holdings … Read more
Over the previous three weeks, the major stablecoins’ supply appears to have been acquired by whale entities, according to on-chain data, at a rate of approximately 5%. Recent Supply of Stablecoin Has Been Consumed by Whales The supply of stablecoins has recently been substantially increased by whales, according to data from the on-chain analytics company … Read more
Max Branzburg, Coinbase’s Vice President of Product, announced through an X post on March 27 the decision to expand Coinbase’s USDC assets on Base. Branzburg highlighted the advantages of reduced fees and quicker settlement periods. This strategic adjustment aims to maintain the positive user experience associated with Coinbase without any adverse effects. Transition to Base … Read more