Circle Dismisses Employees to Strengthen its Balance Sheet (Report)
Circle – the company behind the leading stablecoin USDC – has reportedly trimmed its staff in a bid to reinforce its balance sheet. Thus, it joined the likes of numerous…
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USDC Dethrones USDT as the Most Liquid Stablecoin on Centralized Exchanges: Data
An analysis by crypto market data provider Kaiko revealed that USD Coin (USDC) is currently the most liquid stablecoin on centralized exchanges (CEXs), with approximately $38 million bids preventing a…
Tether Circulation Hits New Peak as Confidence in Circle Continues to Shrink
The stablecoin ecosystem has also been impacted by America’s war on crypto, with a clear divergence happening between the top two issuers. Tether supply has reached an all-time high of…
Ethereum Scaling Solution Aurora Unveils ‘Strategic Partnership’ for Web3 Workers
Aurora – an Ethereum Virtual Machine (EVM) compatible scaling and bridge solution built on top of the NEAR Protocol blockchain network – announced a strategic partnership with blockchain-based employment cooperative…
USDC Stablecoin to Be Launched Natively on Layer 2 Scaling Solution Arbitrum
Stablecoin issuer Circle announced launching USDC natively on Arbitrum on June 8th. The latest move will replace the currently circulating bridged version of the stablecoin that comes from Ethereum. USDC…
Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions
Despite several U.S. dollar-pegged digital tokens experiencing notable redemptions in recent months, the largest stablecoin by market valuation, tether, is on the verge of achieving its highest-ever market capitalization. With…
The US should promote USDC — before it’s too late
USDC brings stability to cryptocurrency. It would behoove the financial system if policymakers took measures to foster its adoption.
Tether has $1.5B in Bitcoin reserves: BDO Italia
The financial advisory and accounting firm also revealed that Tether held roughly $3.4 billion worth of precious metals.
Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31
While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023.…
Tether market cap eyes record high after regaining 65% stablecoin dominance
The market capitalization of Tether is nearly a billion dollar away from reaching a new lifetime peak while rival stablecoins struggle.
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