Binance to Halt Tron USDC Trading Following Circle’s Move Away

Binance to Halt Tron USDC Trading Following Circle's Move AwayCrypto exchange Binance will end support for TRC-20-based USDC tokens on April 5, following an announcement by USDC issuer Circle to discontinue support for the stablecoin on the Tron blockchain. Circle ceased minting USDC on Tron and aims to phase out support entirely, aligning with efforts to maintain USDC’s trust, transparency, and safety. Binance users […]

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Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 Days

Stablecoin Market Surpasses $150B, a First in 18 Months, After $980M Growth in 5 DaysThe stablecoin sector achieved a significant milestone on March 20, 2024, hitting the $150 billion mark as the dollar-anchored market continues its expansion. In the last five days, the stablecoin sphere expanded by $980 million, breaking past the latest threshold. Stablecoin Market Value Tops $150 Billion The total value of all stablecoins now stands at […]

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Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B

Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103BIn the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days, Ethena’s USDE stands out with a 376% increase in its supply during […]

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Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%

Stablecoin Sector Sees $3.26 Billion Growth Spurt; Tether Nears $100B Milestone, USDE Supply Swells by 374%The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in […]

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Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key Players

Stablecoin Market Jumps by Over $2.5 Billion in 10 Days, Led by Rise in Key PlayersIn the opening fortnight of February, the stablecoin domain expanded by $1.7 billion, marking a significant rise. The value of the fiat token crypto market has once again risen witnessing an increase exceeding $2.5 billion over the past ten days. Specifically, three stablecoins have driven this upswing, with the stablecoin ethena usde at the forefront […]

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Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain

Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron BlockchainThe U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron, Circle said it is still committed to growing […]

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Licenced Stablecoin on/off Ramp Yellow Card to Introduce USDC on Stellar Network

The African stablecoin on/off ramp, Yellow Card, is set to introduce the stablecoin USDC on the Stellar network. This partnership has the potential to transform global payments and accelerate the adoption of digital assets. Lightning Fast Transfer Speed Yellow Card, a major licensed stablecoin on/off ramp in the African continent, recently announced plans to introduce […]

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Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing Fees

Solana Mobile Processed Over $20 Million in Payments Using USDC With No Processing FeesSolana Mobile, Solana Labs’ smartphone subsidiary, processed over $20 million in payments in alliance with Shopify and USDC, the second-largest dollar-pegged stablecoin. Anatoly Yakovenko, a co-founder of Solana Labs, explained that 51% of Chapter 2’s payments were completed using USDC, with no payment processing fees associated. Solana Mobile Processed Over $20 Million in USDC Payments […]

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Stablecoin Sector Swells by $1.7 Billion in February; USDC and FDUSD Lead Supply Growth

Stablecoin Sector Swells by $1.7 Billion in February 2024; USDC and FDUSD Lead Supply GrowthStatistics reveal that since the onset of February 2024, the stablecoin sector has experienced a significant expansion, with an increase of $1.7 billion in its economy. In the last 30 days, both usd coin and first digital usd witnessed their supplies jump by 9.6% and 40.3%, respectively. The Dual-Edged Sword of Stablecoin Growth As the […]

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Return Of Tether To Exchanges Sparks Speculation of Bullish Trend

In a surprising turn of events, approximately 4% of Tether’s available supply has returned to exchanges within just five weeks. This movement contrasts with the ongoing trend of Ethereum and Bitcoin supplies moving off exchanges following the adoption of the ETF.  📊 As #Bitcoin’s & #Ethereum’s respective supplies have continued moving off exchanges after the #ETF approvals, an interesting development has been #Tether seeing nearly 4% of its available supply come back to exchanges in 5 weeks. The increase in buying power implies (Cont) 👇 pic.twitter.com/hQrBhZchEu — Santiment (@santimentfeed) January 30, 2024 The influx of Tether onto exchanges signals an

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