Tron’s Tether Volume Competes With Visa’s Daily Transactions Amid Crypto Slump

Tron’s Tether Volume Competes With Visa’s Daily Transactions Amid Crypto SlumpAccording to data from the X account Lookonchain, the 24-hour trading volume of tether on the Tron network has surpassed Visa’s average daily transaction volume. Additionally, despite a general downturn in the crypto economy, tron (TRX) has achieved a 2% gain against the U.S. dollar over the past week. Tron Network’s USDT Volume Hits $53 […]

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Stablecoin Transfer Volumes Increase Tenfold in 4 Years, Reaching $1 Trillion Monthly

According to statistics from Token Terminal, monthly stablecoin transfer volumes have multiplied ten times over the past four years, increasing from $100 billion to $1 trillion per month. Data Highlights Explosive Growth in Monthly Stablecoin Transfers In recent years, stablecoin assets have gained significant importance. On June 20, 2024, the market capitalization of all stablecoins […]

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Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant Assets

Tether Launches Alloy, Opening the Gates for Issuing Gold Standard Compliant AssetsTether, one of the largest companies in the stablecoin arena, has announced the launch of Alloy, a series of assets pegged to the value of another asset, but collateralized with gold. The first token in the Alloy lineup is AUSDT, which will track the value of the U.S. dollar using Tether Gold (XAUT) as collateral. […]

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Bitfinex Becomes First Exchange to List New USD-Denominated, Gold-Tethered Asset

Byte-sized news on the latest topics relating to crypto and technology.Bitfinex, a leading digital asset trading platform, has announced the listing of a new USD-denominated Tethered Asset, AUSDT, by Alloy by Tether. This innovative offering tethers its value to Tether Gold, backed by physical gold, introducing a new level of stability and reliability to the volatile cryptocurrency market. The AUSDT token, which is available for […]

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Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China’s Growing Influence

Former House Speaker Paul Ryan: Stablecoins Can Help Fight an Upcoming US Debt Crisis and China's Growing InfluencePaul Ryan, a former speaker of the House of Representatives, has assessed the possible role that stablecoins will play in fighting an upcoming U.S. debt crisis. According to Ryan, the demand derived from the increasing relevance of dollar-backed stablecoins, which use U.S. treasuries as backing, will help keep a healthy demand on U.S. debt and […]

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