Tether (USDT)

Ethena Labs officially launched USDtb, a new stablecoin backed by BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), on December 16th. Developed in partnership with Securitize, USDtb is designed to operate like existing fiat-backed stablecoins such as USDC and USDT, with reserves invested in cash or cash-equivalent assets to maintain a 1:1 value ratio. USDtb Debuts According to the official blog post, the stablecoin’s primary reserve asset, BUIDL, makes up 90% of...

The TRON blockchain has achieved a remarkable feat, processing $587.2 billion in USDT transfers during November 2024. This all-time high (ATH) reflects significant growth compared to $424.4 billion in September and $489.3 billion in October. TRON’s Stablecoin Boom The figure, captured by CryptoQuant analyst Maartunn, is noteworthy, considering in July 2019, the network only managed to move about $73.8 million in USDT. However, its share has increased steadily since then,...

Warsaw, Poland, December 17th, 2024, Chainwire Flipster, a fast-growing crypto exchange, has announced a collaboration with OverProtocol, a layer 1 blockchain, to launch an exclusive Flipster x OverProtocol campaign that features the OVER Launchpool and social media giveaway, offering users a combined prize pool of 200,000 USDT. CEO of Flipster, commented, “We are proud to partner with OverProtocol, whose mission to create the world’s most decentralized and accessible network reflects our...

After a serious downswing Toncoin is showing signs of recovery. TON, with a market capitalization of over $12 billion, lost by 2.4% within the last 24 hours. On the other hand, on 8 October the Toncoin price dropped to $5.00 before making small gains. As of writing, TON is trading at $5.05 TON/USDT on Gate.io. However, its value decreased by 4.5% during the last 30 days. At the moment, TON is showing strong bearish momentum. As per its price action, TON is within a consolidation phase. The...

Chinese fabless integrated circuit design company Nano Labs has announced the successful closing of a $36.25 million private placement. The transaction, which was first disclosed in November, involved the issuance of 5,611,459 Class A ordinary shares at a purchase price of $6.46 per share. The shares were priced at $6.46 each, and the transaction was structured to include payments in US dollars, Bitcoin (BTC), and USDT (Tether). The latest development comes just a day after...

Bitcoin, einst der unbestrittene König der Kryptowährungen, steht vor einer ernüchternden Realität. Seine Revolution hatte ein großes Versprechen: eine grenzenlose, schnelle und dezentrale Alternative zu traditionellen Finanzsystemen. Doch genau diese Vision wird zunehmend in Frage gestellt. Warum? Weil Bitcoin schlichtweg zu teuer und zu langsam geworden ist. Transaktionsgebühren explodieren, besonders bei hoher Netzwerkauslastung. Was als „elektronisches Peer-to-Peer-Bargeld“ begann, hat...

Ethereum has emerged as the leading blockchain for Tether’s USDT supply, surpassing Tron in a monumental shift for stablecoin dominance. Over the past month, Tether issued $20 billion in USDT on the network, possibly marking it as the go-to blockchain for activity involving the fiat-pegged cryptocurrency. Strategic Expansion Figures shared by the on-chain data platform Token Terminal show that Tether’s $20 billion issuance on the world’s largest blockchain by total value...

On Wednesday morning in Abu Dhabi, Binance and Circle announced a strategic partnership to promote USDC, a stablecoin jointly owned by Circle and Coinbase. The collaboration comes as stablecoins gain traction in mainstream finance and competitors seek to challenge the dominance of market leader Tether. The Alliance Details about revenue sharing in this arrangement remain undisclosed, though sources informed Fortune that Binance will not acquire an equity stake in Circle....

USDT emerged as a leading digital asset in Q4 2024, with 109 million on-chain wallets holding it, more than double the number for Bitcoin and nearing the 128 million wallets that own Ethereum. Beyond on-chain activity, 86 million accounts on centralized platforms have received USDT deposits. USDT’s Dominance According to the second edition of ‘Tether Insights,’ the stablecoin issuer revealed that exchanges recorded 4.5 billion web visits in the first three quarters of 2024,...

Tether mints $2 billion USDT, boosting market liquidity. Bitcoin hits $100k thrice, showing USDT’s impact on crypto market stability. Tether has minted an additional $2 billion in USDT on December 7, continuing its recent trend of significant coin issuance. According to data from Lookonchain, Tether has minted a total of $19 billion USDT on Ethereum and Tron since November 6. This comes after the $1 billion USDT created on December 3, indicating that there was another massive creation of the...