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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

Tether Lashes Out Against Another Lawsuit: Calls it “Nonsense and Copycat”

The issuer of the stablecoin leader USDT – Tether – faces yet another class-action lawsuit with familiar accusations. Lawsuit Against Tether According to the official document, the two plaintiffs, Matthew…

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$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…

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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

Senate Banking Committee Wants Clarity on Stablecoins: Sends Letters to Tether, Coinbase, Circle

Senator Sherrod Brown appears to be keen on understanding how the process of stablecoin minting and redemption actually work. A comprehensive regulatory regime for stablecoin is the need of the…

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Report: Alameda and Cumberland Acquired Nearly 55% of USDT’s Total Supply

According to recent research published by the independent cryptocurrency outlet Protos, two companies have been responsible for buying two-thirds of Tether’s USDT total supply since its inception. The organizations, Alameda…

Continue ReadingReport: Alameda and Cumberland Acquired Nearly 55% of USDT’s Total Supply

Tether’s Blockchain Expansion Continues as USDT Goes Live on Avalanche

Months after indicating plans to expand the USDT stablecoin support to Avalanche blockchain, popular stablecoin issuer Tether has finally launched its dollar-pegged cryptocurrency on the eco-friendly network. USDT Now Available…

Continue ReadingTether’s Blockchain Expansion Continues as USDT Goes Live on Avalanche