Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic
The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic. Go to Source
Stablecoin
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Circle’s USDC beats Tether USDT in market cap surge during 2024
USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023. Go to Source
Tether will relocate HQ to El Salvador after securing license
Tether is moving its operations from the British Virgin Islands to El Salvador after being granted a Digital Asset Service Provider license. Go to Source
Usual Money’s Protocol Changes Shake Staked USD0 and Governance Token Values
The stablecoin usual usd (USD0) has experienced a $340 million contraction in its supply over the past four days. This decrease coincides with an 8% decline in the value of the project’s USD0++ token, the staking derivative of USD0. Redemption Policy Shift Sparks Decline in USD0++ Value Throughout this past week, notable developments have emerged … Read more
Stablecoin issuer ‘Usual’ faces sell-off after redemption update
Usual’s USD0++ staked stablecoin introduces dual exit mechanisms, prompting market volatility and significant community debate. Go to Source
Compound adds Ethena, Mantle tokens to lending platform
Stablecoins and liquid staking tokens are continuing to drive TVL growth across DeFi. Go to Source
Circle contributes $1M USDC to Trump’s Inauguration Committee
Overcollateralized stablecoin issuers like Tether and Circle are collectively the world’s 18th-largest buyers of US government debt. Go to Source
Agora, Galaxy complete AUSD stablecoin’s first live transaction
Agora’s AUSD is the latest entrant into the burgeoning stablecoin market. Go to Source
Ripple partners with Chainlink to boost RLUSD stablecoin in DeFi markets
Ripple’s RLUSD stablecoin gets a boost as Chainlink’s price feeds enable secure, real-time DeFi transactions on Ethereum and the XRP Ledger. Go to Source
Tether USDT’s market cap drop linked to ‘seasonal holiday lull’
Tether USDt’s trading has wiped $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport. Go to Source