Stablecoin Giants Circle, Tether Support Ethereum in Its Upcoming PoS Transition

Issuers of the two largest stablecoins – Tether’s USDT and Circle’s USDC— have extended their support to Ethereum as it approaches The Merge in September this year. Tether feels that it’s crucial that the move to proof-of-stake (PoS) not be used as a weapon to cause confusion and harm within the ecosystem, especially when the community widely uses … Read more

Tether $USDT Stablecoin is Coming to Polygon

Tether, the company behind the largest stablecoin by market capitalization, is now offering their $USDT tokens on Polygon. Tether was first issued on the Bitcoin protocol via the Omni Layer, but it has since migrated to other networks such as Ethereum, resulting in increased trading volumes and liquidity in recent years. Polygon’s DeFi ecosystem will … Read more

Bitcoin holds above $41,000 over the weekend, Tether shows bullish signs

As Bitcoin (BTC) wavers around $41,000, Tether is indicating big moves may be coming for crypto in general. According to data from analysts Santiment, Thursday and Saturday had the two largest days of 2022, in terms of addresses interacting on the network, with 83,000 and 74,000 addresses interacting with the network respectively. Keep an eye … Read more

Justin Sun gets salty over Ukraine’s airdrop ignoring TRON community

The government of Ukraine, which according to various estimates has already received about $33 million worth of crypto donations, has recently announced an airdrop aimed at its benefactors. However, some expressed dissatisfaction with the fact that certain donors apparently won’t be rewarded for their humanitarian aid. Answering to the humanitarian appeal from @FedorovMykhailo, TRON community … Read more

The U.S. already have a CBDC, just skip the “CB”

Few product announcements have stirred such activities among governments around the world as the then Facebook’s, now Meta’s, announcement of the then Libra, now the dead Diem, announcement. The prospects of having a private company with billions of users issue money was just too much for legislators. All of the sudden, everyone was planning a … Read more

Stablecoins total market cap just surpassed $150 billion

The adoption of stablecoins, digital assets whose values are pegged most commonly to the U.S. dollar, is spreading by the day as more and more private users and institutions appreciate the benefits of these tokens. As reported in a blog post by researchers Kyle Waters and Nate Maddrey at Coin Metrics, analyzing recent on-chain trends … Read more

USDC blacklist cost users an extra $3.6 million – per month

Stablecoin USDC is getting increasingly popular among crypto users and ditto institutions, so much so that USDC, the second-largest stablecoin by market cap, is on a steady streak narrowing the distance to market leader, Tether’s USDT. Just this week, USDC broke the $50 billion mark chasing USDT’s $70 billion in total market cap. Deployed in … Read more

USDC supply surpasses USDT on Ethereum

The stablecoin market has seen explosive growth over the past years. The market has been and still is, dominated by Tether’s USDT coin. However, the rival stablecoin issued by Circle Inc., USDC, just flipped USDT on the Ethereum blockchain – the largest stablecoin platform. A Flippening refers to a change in the total market cap … Read more

Vitalik Buterin foresaw stablecoin and defi growth, omits NFT

In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry. However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is … Read more

Stablecoin reserves data reveals this about the ‘almost inevitable’ Bitcoin, Ethereum price trend

Re-visiting pre-set records, consolidating and correcting – this is typically how the last few days have looked like for most of the market’s top coins, including the likes of Bitcoin and Ethereum. Their prices have merely been see-sawing and haven’t taken a definitive turn yet. In fact, at press time, these two coins were trading … Read more