The stablecoins market has reached a significant milestone, surpassing $200 billion in total market capitalization for December 2024. This 5.51% increase marks the fifteenth consecutive month of growth for the sector, highlighting the growing importance of price-stable cryptocurrencies in the broader digital asset ecosystem. Market Leaders and Key Developments Tether (USDT) continues to dominate the […]
Base has surged by over 67% in TVL since dipping below $6 billion in September, showcasing impressive recovery and growth. Amid an uptick in crypto market activity, the Base network has gained renewed momentum. Data from L2Beat highlights that Base’s total value locked (TVL) has increased by more than 5% over the past week, crossing […]
Global Dollar Network has been unveiled by leading crypto and fintech companies to redefine cross-border payments through innovative stablecoin adoption. Major industry players, including Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood, have joined forces to launch this initiative. The network aims to act as an open platform that encourages participation from banks, […]
HOW I LOST $15 MILLION [Excerpts] A lot can happen in one year. In 1996, I sold my first company one year after I launched it. My cut? $15 million. I’d gone from zero to $15 million in one year. I felt like I’d won the lottery. But then, suddenly, a weird thing happened: $15 […]
Stablecoins have seen a 30% increase in total market capitalization this year, rising from $130 billion to nearly $170 billion. This marks a two-year high, driven by the growing public interest in using cryptocurrencies for managing money on blockchain networks instead of traditional banking systems. Paolo Ardoino, CEO of Tether, attributes this shift to several […]
USDC has surged to a market capitalization of $34 billion, marking its highest level since March 2023. However, the stablecoin continues to lag behind USDT, which dominates the stablecoin market with an impressive $117 billion. In 2024, USDC has shown a significant recovery, rising from a low of $24 billion in November 2023. This comes […]
Stablecoin is a type of digital currency, which reshape the global financial system. Stablecoins has disrupted traditional payment and credit networks like SWIFT, Visa, and Mastercard, unbundle financial institutions, and increased access to dollars in restricted countries. As a result, competition is intensifying among stablecoin issuers, digital wallet providers, and traditional banks to become dominant […]
Major Concerns Concerns regarding the legitimacy of transactions in the blockchain sector were raised by a recent Bloomberg story that stated that “more than 90% of stablecoin trades aren’t from real individuals.” However, it’s important to recognize the enormous opportunity these bot-initiated transactions represent rather than taking this as a warning sign. In the past, […]
In a significant development for the cryptocurrency world, the two largest stablecoins have seen a huge increase in supply over the past week. This growth comes as the broader crypto market bounces back from a recent dip. Tether (USDT) and USD Coin (USDC), the top two stablecoins by market size, have added nearly $3 billion […]
