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The 24-hour trading volume of Tether (USDT) reached $53 billion on the TRON network, surpassing payment giant Visa’s average daily trading volume of $42 billion for Q1, 2024. This comparison…
On June 17, Tether CEO Paolo Ardoino announced aUSDT, a new synthetic dollar over-collateralized by XAUt, Tether’s gold-backed digital asset. In a post on X on June 18, industry analyst…
Bitcoin’s price surged to $70,000 briefly this week but faltered soon after failing to sustain the momentum and took a sharp turn. At the time of writing, the world’s largest…
The largest stablecoin issuing company, Tether, has recently made a lot of investments in emerging crypto and artificial intelligence firms. These investments and the firm’s advancement beyond stablecoins show that…
Polygon has witnessed a remarkable surge in its stablecoin market capitalization this quarter. According to the latest report from Messari, the Ethereum Layer 2 solution’s stablecoin market cap soared to a…
Nearly a year after launching on Ethereum, PayPal’s stablecoin PYUSD is being introduced on the Solana blockchain. This move will enable users to choose between multiple blockchain networks, providing greater…
The latest market recovery has sparked concerns about a potential retracement. But a new analysis offers a reassuring perspective for those who are apprehensive. According to Santiment, the growing number…
American broadcaster and Bitcoin proponent Max Keiser believes the stablecoin issuer Tether and El Salvador, as well as the declining United States dollar (USD), will push BTC’s price to $220,000…
The Chinese police forces have burst a large underground banking operation using the popular stablecoin Tether (USDT) to facilitate transfers of up to 13.8 billion yuan ($1.9 billion). According to…
Deutsche Bank analysts believe most stablecoins are doomed to fail following an internal analysis of 334 currency pegs over the past 200 years. “Some may survive, although most will likely…