Cryptocurrency News
The stablecoin market has grown exponentially, becoming a crucial component of the cryptocurrency ecosystem. From a modest $1 billion supply in 2018, the stablecoin market has expanded to over $160 billion by 2024. This massive growth underscores the critical role stablecoins play in providing liquidity, stability, and utility for numerous […]
The TON blockchain is now home to one of the fastest-growing stablecoins, with USDT leading the charge based on 30-day supply growth percentage. Over the past week, the total circulating supply of USDT on TON surged by 41%, surpassing the $1 billion milestone for the first time. This impressive growth […]
Tether’s Treasury has recently minted $1 billion worth of USDT to bolster its inventory for future issuance and enhance liquidity. This move comes in response to rising demand for stablecoins, particularly on the Tron network, where USDT has seen increasing adoption. As the dominant player in the stablecoin market, USDT […]
USDT holdings on cryptocurrency exchanges have been climbing, hinting at a potential wave of buying pressure in the market. According to data from IntoTheBlock, $300 million worth of stablecoins flowed into exchanges yesterday, suggesting that investors may be positioning themselves to capitalize on the recent market dip. $300 million worth […]
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 […]
Yesterday, the crypto market witnessed a significant event: over $1 billion in USDT was withdrawn from exchanges, marking the largest outflow of Tether since May. While large deposits on exchanges are often seen as bullish, signaling that investors are preparing to buy assets, withdrawals can be more complex and open […]
Yesterday marked a historic day for stablecoins, which experienced the highest number of single-day transfers ever recorded. This surge in activity comes as institutions begin to inject funds into the crypto market, taking advantage of lower prices to buy the dip. Cumberland, a major player in the crypto space, received […]
Stablecoins have become a crucial element in the DeFi ecosystem, offering much-needed stability and liquidity. Recent data from @intotheblock underscores their growing influence. Leading stablecoins such as USDT, USDC, and DAI are witnessing substantial market cap growth, with USDT exceeding the $100 billion mark. This surge highlights their widespread adoption […]
Tether has announced a strategic transition to prioritize community-driven blockchain support, revealing plans to discontinue USDT support on EOS and Algorand. This transition will be completed within the next 12 months, marking a significant shift in Tether’s strategy. Tether announced a strategic transition to prioritize community-driven blockchain support. Tether will […]
The 24-hour trading volume of USDT (Tether) issued on the Tron network has reached an impressive $53.031 billion, surpassing the average daily trading volume of Visa. In the first quarter of 2024, Visa reported a total trading volume of $3.7 trillion, with an average daily volume of $42 billion. The […]
Recent on-chain reports reveal significant activity in the Ethereum ecosystem, with Ethereum ICO participant 0xc33/0xe6d making a notable sale of 2,000 ETH for 5.995M USDC at an average price of $2,997 over the past few hours. This participant, who received 33,213 ETH during the Ethereum Genesis ICO on July 30, […]
Tether, a major player in the crypto space, which is recognized for its fiat-backed stablecoins, has recently made a significant move involving the leading cryptocurrency, Bitcoin. This is coming as the continued craze around BRC-20 tokens is still very much in play. Many traders and investors are making arguments on […]
Tether (USDT), the world’s most prominent stablecoin, is making waves in the cryptocurrency market once again, and this time it’s the large USDT holders, often referred to as “whales,” who are taking center stage. Recent events have seen Tether’s top 10 largest wallets accumulating USDT at a rapid pace, resulting […]
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 […]
Tether (USDT), one of the leading stablecoins in the cryptocurrency market, has recently exhibited significant activity, with a notable surge in its presence on exchanges and an increase in holdings among its top addresses. These developments hint at a potential shift in the dynamics of the cryptocurrency market. Exchange Supply […]
LCMS has been listed on Bithumb Global crypto exchange and the company has found a special way to celebrate. Bithumb Global is a cryptocurrency exchange originating from South Korea. Though the company was founded fairly recently in May 2019, the exchange has grown quite quickly getting around $100 million trading […]
When people think of Tether’s USDT stablecoin, the Ethereum blockchain will be mentioned relatively quickly. However, it seems as if the USDT issuance on TRON is also on the rise, as its circulation amount surpassed $2.5 billion. It is rather interesting to see how the USDT supply is distributed across […]
Some days, it would appear if the entire cryptocurrency community is upset about Tether. Rather than burning coins, the supply seemingly keeps increasing every so often. It is only normal to see people start to question what is going on exactly. An Interesting Tether Plot Twist Stablecoins are only supposed […]