Omni Layer – DIGIT INFO

Tether discontinues Bitcoin stablecoin, citing lack of usage

DIGIT — Thu, 17 Aug 2023 21:00:15 +0000

The Tether (USDT) stablecoin will no longer be issued on the Bitcoin Omni Layer, while redemptions will still be open for at least a year.

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Tron’s Justin Sun Reveals Decentralized Algorithmic Stablecoin USDD

DIGIT — Thu, 21 Apr 2022 18:30:27 +0000

On April 21, Justin Sun, the founder of Tron, announced the launch of a decentralized algorithmic stablecoin called USDD. Sun said on Thursday that the USDD Network will “provide custody service for the $10 [billion] worth of highly liquid assets raised from blockchain industry initiators and use them as an early-stage reserve.” Tron to Launch […]

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Largest Stablecoin by Market Cap Tether Launches on the Avalanche Network

DIGIT — Wed, 10 Nov 2021 20:30:36 +0000

The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there’s more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset […]

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Tether’s 1,500% Market Cap Increase in 500 Days — USDT Stablecoin Market Nears $70 Billion

DIGIT — Fri, 10 Sep 2021 19:30:16 +0000

The stablecoin giant tether is by far the largest dollar-pegged crypto asset in the crypto economy and today, the number of tethers in circulation is nearing $70 billion. 90 days ago on June 12, 2021, the number of tethers in circulation was around 63 billion tokens and the supply has swelled by 9.99% since then. […]

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Tether Market Cap Swells Past $50 Billion, USDT Stablecoin Gets Listed on Coinbase Pro

DIGIT — Mon, 26 Apr 2021 14:15:09 +0000

The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% […]

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USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021

DIGIT — Mon, 25 Jan 2021 15:30:27 +0000

During the last two months, tether transactions have spiked considerably. More recently, however, USDT transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has seen a much larger transaction count all […]

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The Popular Stablecoin Tether Is Now Circulating on the Bitcoin Cash Network

DIGIT — Tue, 07 Jul 2020 20:30:16 +0000

The most popular stablecoin tether (USDT) has officially been minted on the Bitcoin Cash blockchain via the Simple Ledger Protocol (SLP). At press time there’s only 1,010 SLP-based USDT in circulation, as the firm Tether Limited seems to be issuing small amounts and testing the SLP framework. Tether (USDT) is the king of stablecoins in […]

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Ethereum’s Value Transfer Is Now Dominated by Stablecoins

DIGIT — Fri, 31 Jan 2020 15:00:17 +0000

The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also […]

The post Ethereum’s Value Transfer Is Now Dominated by Stablecoins appeared first on Bitcoin News.

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Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply

DIGIT — Thu, 02 Jan 2020 08:33:57 +0000

Since Tether’s (USDT) migration to other networks beside the BTC-based Omni protocol, significant shifts have taken place seeing the heavily-printed stablecoin rise to prominence also via Ethereum’s ERC20 standard and Tron’s TRC20 implementation. Ethereum-based USDT supply currently sits at over 2.2 billion tokens, while the Omni equivalent stands at around 1.5 billion. The Tron network […]

The post Tron-Based Tether Has Ballooned to Over 900 Million Tokens, Almost 22% of Total Supply appeared first on Bitcoin News.

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Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019

DIGIT — Wed, 01 Jan 2020 01:05:07 +0000

During the course of 2019, the most used BTC-based OP_Return protocol, Veriblock, outshined Omni Layer outputs. According to statistics, Veriblock captured 57% of BTC’s OP_Return outputs in 2019. Ever since the protocol’s opcodes started dominating, a number of BTC influencers called the outputs “abuse” and “spam.” Also Read: Central Bank Gold Hoarding Hits 50-Year High […]

The post Veriblock Captured Close to 60% of BTC’s OP Return Transactions in 2019 appeared first on Bitcoin News.

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