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Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days

During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the…

Continue ReadingStablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days

Report: Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the Stablecoin Tether

The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential…

Continue ReadingReport: Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the Stablecoin Tether

Fundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians

A new fundraising platform whose objective is to help to raise funds for Ukrainians and the Ukraine military recently claimed to have raised 2 million of the stablecoin tether. Some…

Continue ReadingFundraising Platform Says It Raised and Distributed 2 Million USDT to Ukrainians