Sizeable Portion of Tether’s $4.5B Growth Comes From Exchange Fiat
Tether rose quickly to $9.1 billion in 2020 as supply doubled since March, but some of that is old money being repurposed into USDT. Go to Source Powered by WPeMatico
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Tether CTO: ‘USDT Will Continue to Exist Alongside CBDCs’
With a market cap over $10B, Tether isn’t likely to be displaced by any central bank digital currency according to Paolo Ardoino. Go to Source Powered by WPeMatico
Analysts Claim Bitcoin’s 76 Day Stability ‘Bullish’: Hash Ribbons Cross and 2016 Patterns
The price of bitcoin has been very stable lately, and the crypto asset has been trading in a less volatile range just above $9k per coin for 76 consecutive days. After the third halving, the price of bitcoin has also been far more stable, in contrast to the price action after the second halving. However, … Read more
PayPal to Reportedly Offer Crypto Trading Through Paxos Partnership
PayPal reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos. Go to Source Powered by WPeMatico
ERC-20 Tokens Make up About 50% of Entire ETH Blockchain
Ether now accounts for only half of the value on the ETH blockchain as DeFi tokens like LINK and stablecoins take its place. Go to Source Powered by WPeMatico
$6M Worth of Tether on the Bitcoin Cash Chain Highlights the Benefits of SLP Tokens
During the first week of July, crypto supporters noticed that Tether issued 1,010 stablecoins via the Simple Ledger Protocol (SLP) framework on Bitcoin Cash. Now there’s a much larger amount of SLP-based tethers in circulation as the company has minted a total of 6 million on the Bitcoin Cash blockchain. Digital currency enthusiasts have been … Read more
A Path of Challenges: Will CBDCs Prevail Over Private Blockchains?
CBDCs will be the leading digital currencies of the future, and only the competition between various models will determine the winner. Go to Source Powered by WPeMatico
Japanese Banking Giant MUFG to Issue Its Own Stablecoin in H2 2020
Japan’s largest financial institution, Mitsubishi UFJ Financial Group, is planning to issue the MUFG token in the second half of 2020. Go to Source Powered by WPeMatico
High Stablecoin Buying Power Could Predict Bitcoin’s Next Bull Run
Today, stablecoins buy 15-times as much Bitcoin as in early 2018, this could bode well for the next bull run, if and when, it happens. Go to Source Powered by WPeMatico
Monetary Historian: Libra Will Never See The Light Of Day
Economic historian Barry Eichengreen believes that stablecoins are either too fragile, or too expensive, to emerge as a dominant monetary form. Go to Source Powered by WPeMatico
