USDT

USDT, USDC, and BUSD represent 93% of stablecoin market cap

Research from on-chain analytics provider Glassnode has revealed that the top three stablecoins represent more than 90% of the sector’s entire market cap. Glassnode’s April 13 “Week On-chain” report found that the top three stablecoins — Tether (USDT), USD Coin (USDC), and Binance USD (BUSD) — have seen significant growth over the past six months …

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Jeremy Allaire: ‘USDC is halfway to flipping PayPal’

The co-founder and CEO of Circle, Jeremy Allaire, has made a bold prediction that the company-issued stablecoin is on track to surpass payments giant PayPal in terms of transacted dollar value. The comments came in an April 6 tweet in which Allaire alluded to the on-chain transaction volume for USDC over the past year, which …

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Polkadot’s Potential Gathers Momentum as Tether Joins the Ecosystem

<div class=”featured_image_container”> </div> <strong>The largest stablecoin by market capitalization will be the first to enter the ecosystem as the Kusama canary network adds support for tether before the eventual deployments to parachains.</strong> Tether Inclusion Complements Polkadot’s Efforts to Attract More Defi Applications With cryptocurrency once again on the ascent and the aggregated market capitalization nearing …

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Tether’s stablecoin set to land on Polkadot and Kusama

Polkadot and Kusama users will benefit from a direct integration with Tether’s USDT when common good parachains launch. As announced by Tether on Tuesday, the stablecoin will launch both on Polkadot and Kusama, its cousin network. Tether is the oldest stablecoin to reach significant adoption and it has recently surpassed $40 billion in circulating supply. …

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Binance Abruptly Delists South African Rand Trading Pairs After Currency Fails to Meet ‘High Level Standard’

<div class=”featured_image_container”> </div> <strong>In an abrupt move, Binance South Africa announced on March 31 that all South African rand (ZAR) trading pairs will be delisted on April 2. The crypto exchange adds in a statement that “all trade orders will be automatically removed after 10.00 UTC on April 1” in each respective trading pair. Binance …

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Crypto Markets Rebound, Bitcoin Price Consolidates, BTC Dominance Levels Sink

<div class=”featured_image_container”> </div> <strong>The price of bitcoin dropped around 8% during the last seven days, but prices started to improve during Friday’s mid-afternoon trading sessions. Today, bitcoin is swapping for prices between $54,400 to $54,800 per unit and commands a $1.02 trillion market valuation. The overall market capitalization of all 8,500+ coins in existence is …

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Bitfinex and Tether Fined $18.5M in Settlement With NY Attorney General, Both Firms Barred From Trading in the City

<div class=”featured_image_container”> </div> <strong>Bitfinex and Tether have been banned from operating in New York and must pay a fine of $18.5 million as part of a settlement with the New York Attorney General’s (NYAG’s) office over a case dating back to 2019</strong>. In a statement on Tuesday, NY Attorney General Letitia James accused the two …

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Looming Legal Issues and Transparency Questions Fail to Dent Tether’s Momentum

<div class=”featured_image_container”> </div> <strong>Tether has never been more popular. A quick look at Coinmarketcap data underscores this point, with<a href=”https://coinmarketcap.com/”> 24-hour trading volume in USDT</a> (US dollar-denominated Tether) exceeding both Bitcoin and Ethereum combined.</strong> Users of the Legacy Stablecoin Show No Sign of Relenting A slow-rolling lawsuit brought by the New York attorney-general against Tether …

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Sky High Bitcoin and Ethereum Fees: While Prices Jump the Cost to Transfer Follows Suit

<strong>While a number of digital currencies have seen price gains the two leading crypto assets, bitcoin and ethereum have seen transaction fees skyrocket. For instance, data shows that the median fee for a bitcoin transaction is $8.58, while the median fee is $9.35 when spending ether. Meanwhile, the average transaction fee for both networks has …

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USDT Transactions on Tron Surpassed Ethereum Tether Transactions Every Day in 2021

<div class=”featured_image_container”> </div> <strong>During the last two months, tether transactions have spiked considerably. More recently, however, <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/USDT” target=”_blank” rel=”noopener”>USDT</a> transactions on the Tron network have outpaced the number of tether transfers on the Ethereum blockchain. Despite a whole lot more ERC20-based tethers in the wild, the minted stablecoin using the TRC20 standard has …

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