Tether, the digital asset industry’s giant, is moving beyond its famed USDT stablecoin to offer a wider range of infrastructure solutions for a more inclusive global economy. The company noted in a recent blog post that its new focus includes cutting-edge technologies and sustainable practices, expanding its mission beyond stablecoins to financial empowerment. Tether’s move marks […]
In the initial week of April, the weekly transaction volume of Tether (USDT) on the Tron network surged to $110 billion, highlighting increased stablecoin engagement within the network. As per a tweet from IntoTheBlock, Tether’s recent weekly gain’s achievement on Tron doubled the amount settled on Ethereum, affirming Tron’s dominance as the primary platform for […]
Coinbase collaborated with Compass Coffee, a coffee chain based in Washington DC, to facilitate USDC payments at its establishments. To promote the integration of cryptocurrencies into daily transactions, Coinbase, a well-known crypto exchange, has taken action. Partnering with Compass Coffee, a notable veteran-owned coffee chain headquartered in Washington D.C., Coinbase aims to utilize the USD […]
Tether (USDT), the leading stablecoin in the cryptocurrency realm, finds itself under the magnifying glass of regulators and competitors, as per a recent analysis from JPMorgan. Stablecoins, digital assets tethered to fiat currencies or other assets, aim to mitigate market volatility. Tether, asserting a 1:1 backing with the U.S. dollar for each USDT token, faces […]
In the rapidly evolving world of cryptocurrency, stablecoins have emerged as a cornerstone, melding the volatility of digital assets with the reliability of traditional currencies. Among these, Tether (USDT) has surged to the forefront, becoming an indispensable tool in bridging the gap between fiat and digital currencies. This article explores the trajectory of Tether’s growth, […]
Stablecoins, the unsung heroes of the ever-evolving digital asset ecosystem, have recently witnessed a noteworthy resurgence. In this deep dive into Coin Metrics’ latest State of the Network report, we uncover the signs of returning liquidity, shedding light on the market cap, supply trends, adoption patterns, and emerging trends that collectively shape the stablecoin landscape. […]
In a groundbreaking move to boost transparency and rebuild trust in the crypto world, Tether, the issuer of the leading stablecoin USDT, has announced plans to provide real-time data on its reserves starting in 2024. Paolo Ardoino, the incoming CEO and Chief Technical Officer, unveiled this initiative in an exclusive interview with Bloomberg. Tether’s current […]
Tether, the world’s foremost stablecoin issuer, has astounded the financial world by revealing a staggering $72.5 billion investment in U.S. Treasury bonds. This remarkable disclosure, shared by Tether’s CTO Paolo Ardoino on Twitter, firmly underscores the escalating influence of cryptocurrencies within conventional financial markets. While @Tether_to reached 72.5B exposure in US t-bills, being top 22 […]
PayPal, the global leader in online payments, has announced the launch of its own stablecoin, PayPal USD (PYUSD), which is backed by the US dollar and issued by Paxos Trust Co. The new stablecoin aims to facilitate faster and cheaper transactions across the PayPal network and beyond. Today, we’re unveiling a new stablecoin, PayPal USD […]
