Tag: Stablecoin

Crypto, News

Tether To Launch USDT On Aptos Network, Expanding Its Reach In The Digital Currency Ecosystem

Tether announced today its plans to launch USDT on the Aptos network, marking another step in its strategy to leverage advanced blockchain technology to make digital currencies more accessible and usable globally. This integration aims to take advantage of Aptos’ speed, scalability, and robust blockchain infrastructure to enhance the efficiency […]

Crypto, News

Examining DAI’s Dominance In The CDP Ecosystem

Recent data from intotheblock’s perspective dashboard sheds light on the stablecoin landscape within the collateralized debt positions (CDP) ecosystem. Thereby, showcasing DAI’s prominent position as the leading stablecoin with the largest number of holders. In the realm of DeFi’s collateralized debt positions, users utilize blockchain-based smart contracts and various cryptocurrencies […]

Crypto, News

Stablecoin Market Experiences Remarkable Growth With Tether’s Aggressive Bitcoin Purchases

The aggregate stablecoin supply has witnessed significant expansion since October 2023, experiencing a notable monthly increase of $4.17 billion in December—an unprecedented surge not seen since March 2022. This surge has propelled the current market capitalization of all stablecoins to an impressive $128 billion. Since Oct 2023, the Aggregate Stablecoin […]

Crypto, News

Nigeria Takes The Lead In Financial Innovation With Upcoming cNGN Stablecoin Launch

In a significant stride towards embracing innovative digital currency solutions, Nigeria is gearing up for the launch of the compliant Nigeria Naira (cNGN) stablecoin. This will launch on February 27, 2024, as announced by the Africa Stablecoin Consortium (ASC). Comprising fintechs, financial institutions, and blockchain professionals in Nigeria, the consortium […]

Crypto, News

Tether (USDT) Addresses Shows Resilience With Surging Accumulation, Indicating Future Potential Buying Intention

In recent weeks, Tether (USDT), the world’s largest stablecoin, has shown remarkable resilience and heightened activity on the blockchain. The surge in onchain activity and accumulation of USDT in specific wallet categories signal growing interest and confidence in the stablecoin. Active USDT Addresses Hits New High Active addresses for USDT […]