Tag Archives: Stablecoins

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...

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,...

WSPN partners with Fractal to integrate its stablecoin WUSD into Bitcoin’s ecosystem, enhancing transactions, financial stability, and blockchain growth. WSPN, a global digital payments company, has partnered with Fractal, a top Bitcoin scaling solution, to expand the use of WSPN’s stablecoin, WUSD. This collaboration aims to bridge traditional finance with digital assets, enhancing Bitcoin’s role in financial transactions. The integration will place WUSD in the company’s high-performing...

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...

Circle Internet Financial Ltd., the company behind the second-largest stablecoin in the cryptocurrency market USDC, announced layoffs following a routine operational assessment. According to the Bloomberg report, the job cuts impact under 6% of the workforce. Despite these reductions, the firm said that it remains committed to expanding geographically and improving efficiency and productivity through artificial intelligence (AI). In June, Circle reported employing 882...

Poloniex hat ein neues Angebot lanciert, um Kunden für sich zu gewinnen: 10 % Zins auf die Stablecoin USD. Mit gewissen, risikkoreicheren Kryptowährungen lassen sich sogar bis zu 100 % Zins verdienen. Poloniex, der neue Star unter den grossen Bitcoin-Börsen? Das ist der Bitcoin-Exchange Poloniex Poloniex zählt zu den ältesten und bekanntesten Plattformen im Bereich der Kryptowährungen. Gegründet im Jahr 2014 in den USA, hat sich die Börse schnell als verlässliche Adresse für den Handel mit...

Sky, the DeFi lending protocol that was formerly known as Maker, has rolled out its USDS stablecoin on the Solana blockchain. According to the official announcement, Sky said the launch positions USDS as “the first major DeFi-native stablecoin on Solana,” offering new avenues for borrowing, lending, and trading on the blockchain’s leading DeFi platforms. “Today’s launch marks the first step in Sky’s strategy to increase Solana’s DeFi liquidity and TVL. With pending governance...

Crypto market maker and liquidity provider Wintermute has proposed a fee switch framework for the Ethena protocol. The main objective behind this move is to establish revenue alignment with sENA token holders and clarify Ethena’s protocol revenue structure. Wintermute’s Fee Switch Proposal According to Wintermute, sENA holders – those who have staked their Ethena tokens – do not benefit directly from Ethena’s revenue growth despite the protocol’s success with the USD-pegged...

On Nov. 5, crypto, venture capital, and fintech firms Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos, and Robinhood announced the launch of the “Global Dollar Network.” The partners are combining resources and expertise to increase stablecoin adoption and expand real-world use cases with the launch of the Global Dollar USDG stablecoin. Paxos will be powering the stablecoin, which is compliant with the upcoming Monetary Authority of Singapore’s stablecoin...

Fintech giant Stripe has finalized a deal to acquire stablecoin platform Bridge for $1.1 billion. This purchase marks the largest acquisition in the crypto industry to date. Record $1.1 Billion Deal TechCrunch founder Michael Arrington revealed the news in a post on X, stating, “This deal is done. $1.1b.” Bridge, co-founded by Sean Yu and Zach Abrams, provides software tools enabling businesses to accept payments in stablecoins. The platform allows companies to create, store,...