Stablecoins are experiencing unprecedented expansion, with industry leaders projecting explosive growth that could reshape global finance. Recent developments suggest the U.S. dollar-backed stablecoin sector may reach $2 trillion by 2028, marking a dramatic leap from today’s $247 billion market cap. This surge stems from increasing regulatory clarity and institutional adoption. The Senate’s advancement of the […]
Coinbase CEO Brian Armstrong has suggested that the exchange might delist USDT to comply with stricter regulations anticipated in the U.S. These potential rules could require stablecoin issuers to fully back their tokens with U.S. Treasury bonds and undergo regular audits to ensure transparency and financial soundness. Regulatory Challenges for Coinbase Speaking at the World […]
CGPT is making waves in the cryptocurrency derivatives market with the announcement of Binance Futures’ launch of the CGPT/USDT Perpetual Contract. This new offering marks a significant expansion in Binance Futures’ portfolio, emphasizing the increasing role of AI-driven cryptocurrencies in the digital asset space. Advanced Trading Opportunities with CGPT Perpetual Contract The launch of the […]
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 […]
TRON has reached an all-time high in USDT transfer volume, processing $587.2 billion in November 2024. This milestone highlights the blockchain’s growing prominence in the global stablecoin ecosystem and its appeal as a cost-effective network for transactions. TRON’s Dominance in Stablecoin Transfers TRON’s remarkable USDT transfer volume marks a significant leap from $489.3 billion in […]
Binance has joined forces with Circle to accelerate the global adoption of USDC and take on Tether’s dominance in the stablecoin market. This collaboration, announced on Wednesday in Abu Dhabi, marks a significant strategic alliance aimed at reshaping the future of stablecoins and their role in global finance. Binance and Circle’s Game-Changing Partnership The partnership […]
Lugano has made substantial strides in adopting cryptocurrency, establishing BTC, Tether (USDT), and its own LVGA token as legal tender for payments. As part of its annual Plan ₿ forum, Tether partnered with Lugano’s officials to reveal a new statue honoring Bitcoin’s elusive creator, Satoshi Nakamoto. The statue, according to Tether’s statement, celebrates Nakamoto’s mystery […]
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 […]
Stablecoins like USDT were introduced to address the inherent volatility of cryptocurrencies like Bitcoin and Ether, making them more suitable for various use cases: For Stable Transactions USDT provides a stable value pegged to the US Dollar, making it ideal for everyday transactions, remittances, and payments that require low volatility. USDT is perfect for transactions […]
