Auto Added by WPeMatico

Stablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B

In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens…

Continue ReadingStablecoin Sector Expands by $4.95B in 12 Days, USDE Sees 376% Supply Increase, Tether Hits $103B

Elon Musk Backs DOGE for Tesla Payments — Says ‘Dogecoin to the Moon’

Tesla and Spacex CEO Elon Musk has expressed that Tesla should enable dogecoin as a payment method for its vehicles “at some point.” He exclaimed, “Dogecoin to the moon,” as…

Continue ReadingElon Musk Backs DOGE for Tesla Payments — Says ‘Dogecoin to the Moon’

Despite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race

In the last day, the global trading volume has hit $203 billion, with stablecoins accounting for an impressive $133 billion of that total. Among the array of stablecoin assets tied…

Continue ReadingDespite Crypto Uptick, Paypal’s PYUSD Stays Quiet in the Top Ten Stablecoin Race

Performance of AI-Related Crypto Tokens Driven by News and ‘Memetic Speculation’ — Coinbase

Since the beginning of the last quarter of 2023, artificial intelligence (AI)-related crypto tokens have not only outperformed the top two crypto assets but have also outpaced key AI stocks…

Continue ReadingPerformance of AI-Related Crypto Tokens Driven by News and ‘Memetic Speculation’ — Coinbase

FDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth

Statistics indicate that the first digital usd (FDUSD), a recently introduced fiat-pegged token launched in August 2023, has risen to become the fourth-largest stablecoin based on market capitalization. Currently, FDUSD…

Continue ReadingFDUSD Climbs the Stablecoin Ladder, Fueled by Trading Volume and Supply Growth

Navigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained

Wormhole, a platform fostering blockchain interoperability within decentralized finance (defi), has unveiled plans for an airdrop of its proprietary token, W. The initiative is part of the protocol’s broader aim…

Continue ReadingNavigating the Wormhole Airdrop: Defi’s Next Big Token Drop Explained