Caitlin Long reveals the ‘real reason’ people are selling crypto
“Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets,” said Long. Go to Source Powered by WPeMatico
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Stablecoin Demand in 2021 Skyrockets, Fiat-Pegged Token Economy Nears $100 Billion
While most cryptocurrency markets are down today in value, dollar-pegged stablecoins have seen significant demand during the last 24 hours. Currently, the entire market valuation of all the stablecoins in existence is roughly $96 billion. The Rise of Fiat-Pegged Stablecoins Crypto assets like bitcoin (BTC) and ethereum (ETH) can be volatile and this has caused … Read more
Tether Reaches 30 Billion USDT Issued on Tron
Tether, the largest stablecoin by market cap, has reached a milestone by issuing 30 billion USDT on top of the Tron blockchain. While the stablecoin is now present on several chains, including BSC (Binance Smart Chain) most of it is now on Tron due to the blockchain’s low transaction fees, which make using it easy … Read more
Tether discloses full reserve breakdown for the first time
Cash, cash equivalents, other short-term deposits and commercial paper make up 75.85% of Tether’s proven reserves as of March 31. Go to Source Powered by WPeMatico
Privacy-Centric Coins See Fresh Gains, Monero Captures All-Time Price High
On May 7, the privacy-centric crypto asset monero captured an all-time high at $515 per unit, as demand for confidential transactions has increased in recent times. Monero has gained more than 190% during the last three months, while a number of other privacy coins like zcash, verge, horizen, and grin have seen significant gains as … Read more
Glassnode predicts BTC rally as stablecoin supply tags record highs
Tether, USD Coin, Binance USD, and DAI are now worth more than $78 billion combined. Go to Source Powered by WPeMatico
Dogecoin passes Tether’s market cap following eToro integration
The news also comes as DOGE proponent Elon Musk is expected to pump the token price during his Saturday Night Live appearance this week. Go to Source Powered by WPeMatico
The way of the stablecoin: A journey toward stability, trust and decentralization
Stablecoins backed by fiat and other assets are increasingly gaining popularity, with many more solutions being brought onto the market each year. Go to Source Powered by WPeMatico
Biggest one day USDC print in history marks lowest Bitcoin dominance in years
The $3 billion USDC influx puts the total supply of the stablecoin at around $14,4 billion, reaching over a quarter of Tether’s market cap. Go to Source Powered by WPeMatico
Tether’s reserves are fully backed, according to latest assurance opinion
“The group’s consolidated assets exceed its consolidated liabilities,” Moore Cayman wrote of Tether Holdings Limited. Go to Source Powered by WPeMatico