Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge

Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market's SurgeAs the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric Rise Tether (USDT), the top fiat-linked digital […]

Go to Source

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in […]

Go to Source

Powered by WPeMatico

Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]

Go to Source

Powered by WPeMatico

Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 14 Blockchain Networks

Near Protocol Supports Tether USDT, Stablecoin Is Now Hosted on 13 Blockchain NetworksOn Monday, the stablecoin issuer Tether Operations Limited announced that the stablecoin tether is now supported by the Near blockchain network. Following a number of recent implementations, Near will be the 14th blockchain network that hosts the largest stablecoin by market capitalization. Tether Connects With the Near Protocol Tether has revealed that tether (USDT) is […]

Go to Source

Powered by WPeMatico

The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation […]

Go to Source

Powered by WPeMatico

Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT Supply

Stablecoin Whale Domination — Tether Addresses Valued at $1M Own More Than 80% of USDT SupplyAs the market capitalization of the stablecoin tether nears $80 billion, with its current $77.9 billion valuation, data from onchain researchers at Santiment indicates that tether addresses valued at $1 million own more than 80% of the entire supply. Tether’s Whales Command More Than 80% of the Supply The U.S. dollar-pegged stablecoin has grown exponentially […]

Go to Source

Powered by WPeMatico

Tether to Launch USDT Natively on Avalanche

avalancheThe blockchain company Tether has announced it will make available its stablecoin token as a native asset in Avalanche, a smart contract platform that has picked steam in the last year. Avalanche has a growing decentralized finance (defi) ecosystem, so this launch will most likely improve its state, providing users an official and safe way […]

Go to Source

Powered by WPeMatico

Tether Printing Press In High Gear, Issuing $400 Million in Four Days

Tether Printing Press In High Gear, Issuing $400 Million in Four DaysBitcoin has had a rocky week to say the least. At its lowest point, the cryptocurrency dipped to $9,200 before a rising green candle sent it scurrying back into the safety of five figures. That candle was sparked by the release of $100m worth of tethers – surrogate US dollars – and was followed by […]

The post Tether Printing Press In High Gear, Issuing $400 Million in Four Days appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico