Tag Archives: Stablecoins

On January 15, TrueUSD (TUSD), the USD-pegged stablecoin, experienced a deviation from its $1 parity that saw its price decline to $0.985. This comes amidst speculations that TrueUSD holders are exchanging hundreds of millions of tokens for the competing stablecoin Tether (USDT). TrueUSD Depeg Sparks Trading Frenzy on Binance Based on data from the exchange’s trading page, TUSD experienced a total inflow of $301.54 million in the past 24 hours, with outflows amounting to...

Tether’s total assets are not far away from $100 billion following a monumental rise over the past six years.  The current figure for the firm’s total assets is $95.2 billion, according to its transparency report. Of that amount, $92 billion is in the dollar-pegged stablecoin, USDT.  Tether Keeps Growing On Jan. 3, Tether and VanEck strategy advisor Gabor Gurbacs reaffirmed his support for the firm, adding, “Like the Bitcoin ETF, many thought I was crazy.” “USDT market cap...

Der Kryptowährungsmarkt ist bekannt für seine Volatilität. Während ein Preis-Crash bei Bitcoin für viele Anleger beunruhigend sein kann, gibt es dennoch Möglichkeiten, in diesen Zeiten Geld zu verdienen. Hier sind sieben Strategien: 1. Short Selling Beim Short Selling leihen sich Händler Bitcoin, um sie sofort zu verkaufen, in der Hoffnung, sie später zu einem niedrigeren Preis zurückkaufen zu können. Diese Strategie ist profitabel, wenn die Preise...

Tether, the company behind the popular stablecoin USDT, announced a significant milestone in its growth, with its market value reaching $91 billion. It was also revealed that over 2023, the firm has added approximately $4 billion in excess reserves to its stablecoin’s consolidated reserves, showcasing its commitment to stability and resilience in the volatile digital currency market. Tether’s Ardoino Reveals Company’s Growth and Plans The announcement was made by Tether’s...

In 2023, digital assets experienced an exceptional year, witnessing a remarkable surge in Bitcoin prices by over 172%, with a correction of less than 20%. In addition to Bitcoin and Ether, capital inflows in stablecoins also remained positive. The market surpassed crucial technical and on-chain pricing models, and October emerged as a pivotal moment for institutional capital movement, according to Glassnode’s recent analysis. Stablecoins in 2023 Over the last two years, the...

The New York-based stablecoin issuer – Paxos – announced a strategic expansion of its stablecoin issuance to the Solana blockchain platform, which was previously exclusive to Ethereum. Paxos said it plans to make USDP available to the public on Solana starting January 17, 2024. This move marks a significant milestone for Paxos in the competitive stablecoin landscape, where rivals such as Circle and Tether are also racing for market dominance. Paxos’ Solana Expansion Paxos...

Tether, the creator of the popular USDT stablecoin, has publicly disclosed letters sent to key U.S. legislative committees revealing its partnerships with the Secret Service and FBI. This update comes after Tether’s recent measures, which included implementing a wallet-freezing policy aimed at individuals on the U.S. Specially Designated Nationals list, freezing over 200 wallets. Tether’s Proactive Stance to Uphold Crypto Integrity Under Paolo Ardoino’s newly appointed CEO’s...

Crypto industry experts have been discussing Tether and its potential to become the dollar-pegged defacto central bank digital currency of the world. The comments come in response to Cantor Fitzgerald CEO Howard Lutnick, who told CNBC earlier this week: “I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep their treasuries, and they have a lot of treasuries. They’re over $90 billion now, so I’m a big fan of Tether.” Cantor Fitzgerald is a global...

S&P Global Ratings senior analyst Lapo Guadagnuolo believes that the growth of stablecoins does not mean that they are immune to risk factors. The S&P Global Ratings introduced a stability assessment for stablecoins on Tuesday. According to S&P Global, the idea is to determine how truly “stable” the coins are in maintaining their pegs to whatever fiat they are tied to. In total, the producer of the S&P 500 assessed eight stablecoins. They include Dai (DAI), Gemini (GUSD),...

Circle recently reported that the global settlement volume of stablecoins reached $7 trillion last year, nearly half the $14 trillion settled by financial powerhouses Visa and Mastercard. This marks a shift towards digital currencies, especially in Latin America, where they have become part of everyday transactions. Stablecoins Spearhead Financial Revolution in LATAM The rise of stablecoins creates a new wave of financial interoperability and easier global commerce. Latin...