Ethereum Watch

Advertisements Summary: Circle’s CEO has published a Twitter thread quelling fears and rumors that USDC is on the brink of collapse. He added that it is understandable why the crypto community would worry about USDC, given the recent collapse of several crypto projects. He reaffirms Circle is committed to being transparent with its reserves fully […]

Advertisements Quick take: Tether (USDT) has launched on the Polygon (MATIC) network. Polygon’s DeFi ecosystem is set to benefit from Tether’s availability on the network. USDT issued on Tron continues to be higher than that issued on Ethereum. A total of $72.537 billion Tether is in circulation with the stablecoin remaining at the number three […]

Advertisements Summary: USDC’s reserves are 77.1% ($39 billion) in US Treasuries and 22.9% in Cash ($11.6 billion) The reserves are worth $50.6 billion and match the amount of USDC in circulation Circle, the parent company of USDC, is committed to transparency and trust concerning the stablecoin The update on USDC’s reserves comes at a time […]

The Tether general counsel has declared an official audit in few months. USDT is a popular stablecoin occupying the third position in global digital assets. As it’s on blockchain that cybersecurity experts deem unhackable, the majority today trusts its security. Advertisements Related Reading | Cardano Aims To Facilitate Users With Smart Contracts However, many people […]

Advertisements USDT active addresses have exceeded 6 million Half the amount is on Ethereum with the other half on Tron Tether’s market cap has exceeded $48B and still dominating the stablecoin market worth $75.4 Billion Tether’s growth has been organic based on the growth of the crypto markets and DeFi The number of USDT active […]

Massive spikes in stablecoin and decentralized finance (DeFi) transactions have seen Ethereum (ETH) overtake Bitcoin (BTC) in total value transaction volume. Advertisements The Ethereum network has also suffered multiple network congestions owing to this uptick. Fees spike on such occasions, resulting in miners earning more from transaction costs than the actual block rewards. Ethereum May […]

The median transaction fees on the Ethereum blockchain have been above Bitcoin’s for over a month. Data aggregator Messari noted that an explosion of activities on Ethereum-backed decentralized finance and stablecoin projects shot its fees higher. It further stated the Ethereum’s consistent uptrend shows that its demand is not slowing down. Ethereum has set a […]

Advertisements Ethereum’s evolution into a completely decentralized financial ecosystem is progressing steadily. Stablecoin issuance on the network has surged, and almost 50% of its total value is now in ERC-20 tokens. Messari crypto researcher, Ryan Watkins (@RyanWatkins_), has observed that ERC-20 tokens are approaching 50% of the total value stored on Ethereum. Over the past […]

Advertisements Several reports have been released in recent months suggesting that financial institutions are moving towards a cashless society — one built on top of decentralized technologies and central bank digital currencies. In addition to the fact that several countries are releasing their own Central Bank Digital Currencies (CBDCs), banks are also considering simply implementing […]

Advertisements Ethereum is more than just a cryptocurrency-asset; it is an entire digital economy and ecosystem. Recent research has found that stablecoin value transfer has now flipped ETH on its network. According to the crypto-research firm Messari, ERC-20 stablecoins on the Ethereum network have now overtaken ETH itself in terms of the adjusted transfer value. […]