Auto Added by WPeMatico

Stablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth

Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently…

Continue ReadingStablecoin Market Stabilizes at $160 Billion; FDUSD and PYUSD Lead Growth

Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and…

Continue ReadingStablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

Tether Launches Stablecoin Pegged to the British Pound Sterling

Tether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news…

Continue ReadingTether Launches Stablecoin Pegged to the British Pound Sterling

Tether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks

Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network.…

Continue ReadingTether Launches on Polygon, USDT Stablecoin Now Hosted on 11 Blockchain Networks

Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon

The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly…

Continue ReadingTether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon

Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally,…

Continue ReadingCircle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase

Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of…

Continue ReadingStablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase

Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin…

Continue ReadingStablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades

$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere…

Continue Reading$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells

Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is…

Continue ReadingStablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume