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Stablecoin

cryptocurrency April 17, 2024

Share this article Advertisements URL Copied Advertisements Decentralized finance (DeFi) has emerged as a dominant force in the blockchain space, surpassing stablecoins in daily transactions and concluding the first quarter with approximately 7 million daily transactions, reveals the “OnChain Report Q1 2024” by QuickNode and Artemis. All major DeFi protocol categories, including Liquid Staking, Lending, […]

cryptocurrency December 6, 2023

Data shows that the Tether (USDT) market cap is almost $90 billion. Here’s why this growth could matter for the price of Bitcoin. Advertisements Tether Market Cap Has Continued To Observe A Rise Recently Tether is a cryptocurrency pegged to the US Dollar, meaning its price remains stable around the $1 mark. The asset is […]

cryptocurrency December 5, 2023

Tether, known for its USDT stablecoin, has recently made headlines with its Bitcoin holdings soaring in value, generating a profit exceeding $1 billion. Advertisements Notably, this significant financial gain can be attributed to the stablecoin issuer’s approach of buying Bitcoin using a portion of its net profits. This move has proven highly lucrative amid the […]

cryptocurrency August 5, 2023

Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023. Advertisements According to the report, Tether recorded an increase in excess reserves, which grew by $850 million. This brought the company’s total excess […]

cryptocurrency July 31, 2023

Stablecoin USDT issuer Tether published its Q2 2023 attestation report on July 31 and according to the report, Tether recorded an “operational profit” of $1 billion in the second quarter, about a 30% decline from its Q1 profit of $1.48 billion. Advertisements Although its $1 billion “operational profit” represents a decline from the first quarter, […]

cryptocurrency July 12, 2023

Advertisements The proposal to launch GHO on Ethereum’s mainnet reached quorum after protocol delegate AaveChan voted “Yae” on Wednesday. Aave DAO’s community wholly backed the plan as all members of the DAO voted in support with over 698,000 votes at press time. This comes after months of successfully testing the GHO stablecoin on the Ethereum […]

cryptocurrency December 21, 2022

Vitalik Buterin spoke about the future of Ethereum in an interview  He elaborated on ETH’s use case as a wallet infrastructure and stablecoin Vitalik Buterin, the man behind the world’s second largest cryptocurrency, Ethereum [ETH], shared his outlook for crypto in 2023. Advertisements In an interview with Bankless on 20 December, Buterin spoke about the measures […]

cryptocurrency August 20, 2022

Following the collapse of Terra and its ecosystem, there is a considerable reduction of confidence in stablecoins, especially Tether. Most participants in the crypto space have increased doubts about the level of stability with stablecoins. While many are treading more caution on most projects, some have made a complete back-out. Advertisements That’s why the pressure […]