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
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Tether Market Cap Swells Past $50 Billion, USDT Stablecoin Gets Listed on Coinbase Pro
The blockchain stablecoin issuer Tether Operations Limited has recently surpassed a $50 billion market valuation after seeing exponential growth during the last few years. Furthermore, the stablecoin tether has launched on the trading platform Coinbase Pro this week marking the San Francisco-based exchange’s first time supporting the dollar-pegged token. Tether Market Cap Increases by 170% … Read more
Bitcoin’s Market Dominance Slides to 50%, While Ethereum’s Valuation Climbs Higher
Bitcoin dominance, the metric that measures bitcoin’s overall market capitalization against all the other crypto asset valuations have dropped considerably in recent weeks. At the end of February, bitcoin dominance levels started sliding downward from 61% to today’s 50%. Meanwhile, from the same point in time ethereum’s market capitalization has increased from 11.8% to today’s … Read more
USDT, USDC, and BUSD represent 93% of stablecoin market cap
The three largest stablecoins represent a combined capitalization of $60 billion. Go to Source Powered by WPeMatico
Jeremy Allaire: ‘USDC is halfway to flipping PayPal’
USDC has seen huge growth and is gaining fast on Tether, the king of the stablecoins. Go to Source Powered by WPeMatico
Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem
The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains. Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency once again on the ascent and the aggregated market capitalization nearing $2 trillion, tether … Read more
Tether’s stablecoin set to land on Polkadot and Kusama
The launch of parachain shards on Polkadot will also mean the release of Tether on the network. Go to Source Powered by WPeMatico
Binance Abruptly Delists South African Rand Trading Pairs After Currency Fails to Meet ‘High Level Standard’
In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.00 UTC on April 1” in each respective trading pair. Binance concludes by requesting … Read more
Assurance Report Says Tether Stablecoins Are Fully Backed- Firm Exceeded Its Consolidated Liabilities
The company behind the world’s largest stablecoin disclosed a report by aiming to show “transparency commitment” to clarify whether Tether’s reserves are fully backed or not. Tether Holdings Limited published its “Assurance Opinion” issued by an auditing firm based in the Cayman Islands. Accounting Firm Recognizes Two Ongoing Legal Cases According to the statement, Tether … Read more
Crypto Markets Rebound, Bitcoin Price Consolidates, BTC Dominance Levels Sink
The price of bitcoin dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. Today, bitcoin is swapping for prices between $54,400 to $54,800 per unit and commands a $1.02 trillion market valuation. The overall market capitalization of all 8,500+ coins in existence is around $1.59 trillion … Read more