Tether (USDT)

The Tether Transparency report showed Tether’s continuous growth in terms of supply. The report revealed that USDT’s supply has now exceeded $13 billion.As of the 20th of August, Tether has surpassed Bitcoin and PayPal in average daily transfer value. This recent development happened after months of USDT’s rapid growth. The world’s most popular stablecoin did not only grow in its daily transfer, but it also increased its supply volume.According to a report by CoinMetrics, Tether surpassed...

According to a new op-ed by Chris Larsen – the co-founder and executive chair of Ripple – the United States is losing the tech war against China and other nations.Chris Larsen: China Holds a Strong PositionRipple is presently the fourth-largest cryptocurrency by market cap after bitcoin, Ethereum and Tether. According to Larsen, nations such as China are way ahead when it comes to cryptocurrencies and are potentially putting lots of money into ensuring miners have everything they need to stay...

It looks like China is playing by its own financial rules. According to a new report released by blockchain security firm Chainalysis, the country moved as much as $50 billion in cryptocurrency out of the country last year as a means of avoiding present sanctions.China Has Its Own AgendaAs it stands, residents of China are only allowed to purchase up to $50K in foreign currency. Previously, many wealthy members of the nation sought to get around this rule by investing in real estate and other...

POKKET, a platform that offers structured savings products for dozens of different cryptocurrency tokens, has just announced it will be expanding its range to support an additional 15 different ERC20 tokens.This update comes just weeks after POKKET passed more than $4 million in customer deposits – following dramatically increased demand for high-yield savings products in recent months.Each of POKKET’s structured saving plans last for exactly one week, after which they will be settled. These...

A new report indicated that East Asia remains the most active cryptocurrency market with the most significant number of daily transactions. At the same time, professional traders still account for most of the trading volume, while stablecoins, and especially Tether (USDT), have gained a massive market share.East Asia Dominates Crypto Trading MarketAccording to the recent report compiled by Chainalysis, “East Asia is the world’s largest cryptocurrency market, accounting for 31% of all...

The cryptocurrency market has recovered from some of the losses it registered in the past few days. Bitcoin is up by 1%, while some altcoins are marking impressive double and even triple-digit gains with OMG Network leading the pack.Altcoins With Massive MovesThe altcoin market became accustomed to significant fluctuations, and the past 24 hours don’t disappoint. One alt stands above all – OMG Network. OMG has exploded in value in the past few weeks and especially since yesterday, when the...

Ethereum’s network is on the brink of its highest congestion rate, while the transaction fees are still particularly high.Amid all of this, Tether has moved over 1 billion USDT from Tron’s network to Ethereum.Tether Moving 1 Billion USDT to EthereumEarlier today, Tether, the company issuing the most popular stablecoin, USDT, announced that it plans to move 1 billion USDT to Ethereum’s ERC20 protocol.“In a few hours, Tether will coordinate with a 3rd party to perform two chain swaps...

Revised data from Messari and Coin Metrics shows that USDT has once again displaced XRP as the third-largest crypto by market cap. USDT growth shows the increasing role of stablecoins in the industry.Leading stablecoin Tether (USDT) has unseated XRP for the second time in a month as the third-largest cryptocurrency by market capitalization. This apparently recurring milestone comes according to the updated ranking on crypto analytics platforms Messari and Coin Metrics.As per Coin Metrics,...

Ripple executive explained that XRP is not a rival to stablecoins and CBDCs in international settlements.Ripple’s senior director of global operations Emi Yoshikawa has revealed in an interview that the XRP coin was not designed to compete with Central Bank Digital Currencies (CBDCs) and Stablecoins, rather, it is complimentary. She noted:“There are various types of crypto assets, but I think that the role of XRP as a bridge asset in international settlement is not a competition with...

DeFi tokens are leading crypto markets to their highest levels in terms of total market capitalization for over a year.One of the top-performing digital assets at the moment is YFI, as it surges over 70% on the day to reach an all-time high at $12,821. It has become the only cryptocurrency since 2016 to have ever flipped Bitcoin’s dollar value.YFI/USDT. Source: BinanceThe token is the basis of the Ethereum based DeFi yield aggregator Yearn.Finance, which allows users to earn interest and...