Circle’s USDC stablecoin gobbles Tether’s market share with 50B milestone
The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%. Go to Source Powered by WPeMatico
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The 50 billion USDC circulating milestone has increased Circle’s share of the stablecoin market to almost 30%. Go to Source Powered by WPeMatico
Data suggests $34,000 was the bottom and BTC’s recent performance could be a sign that traders are beginning to open fresh longs. Go to Source Powered by WPeMatico
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping … Read more
While reserve-backed crypto assets and stablecoin market valuations increased a great deal during the last year, gold-backed cryptocurrencies have also seen their market caps swell. Between the tokens tether gold and pax gold, the market valuations of these two gold cryptos are nearing a billion dollars in value with $742 million today. Tether Gold’s Market … Read more
Mike McGlone, senior commodity strategist at Bloomberg, is convinced that Bitcoin’s transition to digital gold will propel it to new all-time highs in 2022. Go to Source Powered by WPeMatico
“The best monetary network in human history is here, it’s open, and will disrupt the world quicker than anyone thinks. Open networks win,” said Strike CEO Jack Mallers. Go to Source Powered by WPeMatico
The total supply for USDC on Ethereum has surpassed that of Tether, putting USDT in second place on Ethereum for the first time. Go to Source Powered by WPeMatico
Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress. Go to Source Powered by WPeMatico
Hong Kong’s central bank is inviting global stablecoin operators to respond to its proposed rules. Go to Source Powered by WPeMatico
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto … Read more