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 […]
Cryptocurrency markets have seen significant growth in the past few years, making quick and low-cost transactions more accessible to investors. However, the inherent volatility of cryptocurrencies still causes hesitation among many potential users, especially when it comes to using them for everyday payments. To address this issue, stablecoins have emerged as a solution, providing stability […]
In a recent Congressional hearing focused on monetary policy, Fed Chairman Jerome Powell expressed his views on cryptocurrencies and the role of stablecoins in the financial landscape. While Powell acknowledged the resilience of the crypto industry, he emphasized the importance of regulatory oversight, particularly when it comes to stablecoins. Powell affirmed that stablecoins, unlike other […]
Stablecoins play a crucial role in the cryptocurrency market, providing stability in a volatile environment. They serve as reliable and liquid stores of value for digital asset exchanges. While popular stablecoins like Tether, Binance USD, and USDC gained traction in 2017–18, the bear market of 2022–2023 caused a significant drop in their market cap, with […]
