Bookmarking Crypto Insights
Auto Added by WPeMatico
Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether issued over $12.5 billion USDT during this period. Tether Attestation Registers Record-Breaking … Read more
Binance has exchanged a diversified $1 billion crypto portfolio in SAFU funds into USD Coin. Go to Source
Despite Circle’s rising transaction count, Tether’s USDT still accounts for over 68% of the entire stablecoin market. Go to Source
Stripe customers will be able to pay with USDC beginning this summer, president Jack Collison said, after the company canned BTC payments in 2018. Go to Source
The financial services giant wants to make data about stablecoin usage clear and accessible, which requires some processing. Go to Source
House Financial Services Committee Ranking Member Maxine Waters said a stablecoin bill “in the short run” was coming amid negotiations with Republican lawmakers and the Senate. Go to Source
Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among global economies, according to Chainalysis. Go to Source
The stablecoin market has been on a robust recovery path since October 2023, demonstrating resilience and steady growth. Recently, the stablecoin market cap has surged to $160 billion, edging closer to its previous all-time high of $188 billion with each passing day. The stablecoin market has been in a strong recovery since October of 2023. … Read more
The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at enhancing liquidity and efficiency of transactions.” FDUSD to Integrate With Sui Blockchain First Digital Labs, the issuer and asset manager of the fourth-biggest stablecoin in … Read more
According to a regional report, Sony Bank of Japan is currently exploring the potential of a stablecoin tied to the yen that could be utilized by Sony Group along with its associated entities. Insiders revealed that this endeavor’s testing phase employs the Polygon blockchain, with the crypto firm Settlemint lending its support. Polygon and Settlemint … Read more