Stablecoins, central bank digital currencies and the new rails of digital cash.
Brock Pierce, a key figure in the cryptocurrency realm and co-founder of Tether, is currently navigating a storm of legal challenges. Tether, the issuer of the widely used stablecoin USDT, is preparing to defend itself against a high-stakes lawsuit filed by Celsius Network, the now-bankrupt crypto lender. Concurrently, Pierce is embroiled in legal disputes in … Read more
Jump Trading, a prominent trading firm, has recently made headlines with significant cryptocurrency transactions involving the USDC stablecoin and Ethereum. According to on-chain sleuth Lookonchain, Jump Trading has orchestrated a substantial shift of USDC and ETH that has impacted the broader crypto market. USDC Transactions and Market Implications On August 5, Jump Trading withdrew approximately … Read more
Recently, the Blast stablecoin USDB has shown resilience in recovering to $0.9904 following a period of peg instability. Currently trading around $0.9838, USDB has regained its footing, positioning itself as the twelfth-largest U.S. dollar stablecoin by market capitalization. USDB, primarily tied to DAI, operates within the DeFi ecosystem through the Blast protocol, aiming to offer … Read more
Binance, a leading cryptocurrency exchange, has recently announced the addition of numerous new USDC (USD Coin) trading pairs to its margin trading platforms. This move aims to provide traders with increased flexibility and opportunities within the margin trading environment. What are Margin Trading and USDC? Margin trading allows traders to borrow funds from the exchange … Read more
In the sometimes-volatile world of cryptocurrency, stablecoins offer a safe haven. But with USDT (Tether) and USDC (USD Coin) as the top contenders, which one reigns supreme? Let’s break down their key features to help you decide. Similarities: Peg: Both USDT and USDC are pegged to the US dollar, aiming to maintain a 1:1 value. … Read more
Popular mobile browser Opera Mini is expanding its cryptocurrency offerings. Their built-in crypto wallet, MiniPay, now supports the two leading stablecoins: Tether (USDT) and Circle (USDC). This integration comes alongside a new feature called “Pockets,” allowing users to easily swap between these stablecoins with a single click. Previously, MiniPay focused on the Celo dollar (cUSD). … Read more
Binance, a leading cryptocurrency exchange, has announced its full support for USDC as the preferred stablecoin for its European operations, in light of the upcoming Markets in Crypto-Assets (MiCA) regulations. MiCA, set to be implemented on June 30, 2024, will introduce a comprehensive regulatory framework for crypto-assets in the European Economic Area (EEA). Binance’s decision … Read more
The Telegram-linked blockchain, TON, is experiencing a surge in Tether (USDT) adoption, with circulation surpassing $500 million. This milestone comes just two months after Tether introduced both its gold-backed XAUT and dollar-backed USDT stablecoin on the TON network. Analysts attribute the rising demand to USDT-TON’s ease of use. “[It allows] sending digital dollars to anyone, … 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
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