The Tether network quietly achieved a 5-month high in new wallet creation, surpassing 31.3K addresses in a single day, and the highest since March 2024. This surge has coincided with rising network growth in Multi Collateral Dai, indicating a broader trend across stablecoins. According to Santiment’s analysis, 732 new DAI wallets were created, representing the fourth-highest figure since March 2024. Interestingly, the timing of these new wallets, emerging after a market...
Read More »MakerDAO Rebrands to SKY Introducing New Stablecoin and Governance Token
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Read More »Stablecoins Hit Record Market Cap of Nearly $170 Billion After Year of Growth
Stablecoins have reached an all-time high market cap of $169.57 billion following nearly a year of uninterrupted growth. Leading assets such as Tether’s USDT and Circle’s USDC have seen a significant resurgence this year, in addition to a newcomer. Stablecoin Market Cap Surge Data compiled by DefiLlama revealed that this is the highest market cap for stablecoins, surpassing the previous peak of $167 billion established in March 2022, which later declined to $135 billion by...
Read More »Crypto Exchange Bitget Adds Support for PayPal’s Stablecoin PYUSD on Solana
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Read More »PYUSD Supply on Solana Surpasses Its Ethereum Supply by Over 5.6%
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Read More »Ethereum’s L2 Network Arbitrum Registers Significant Rise in Web3 Adoption, ARB Price Up 6%
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Read More »Stripe Announces Strategic Partnership with Robinhood-backed Bitstamp to Expand Operations in Europe
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Read More »Nexera Halts NXRA Trading amid $1.5M Exploit Investigation
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Read More »Blast-based USDB Stablecoin Loses Dollar-Peg by 6% amid Crypto Market Selloff
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Read More »Ferrari to Accept Crypto Payments for European Dealers, Eyes Global Expansion
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