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Non-Empty USDC And USDT Wallets See 13.9% And 15.7% Spike, Why This Is Good For Crypto

[May 23 6:00 AM] Non-empty wallets for stablecoins such as Circle’s USDC and Tether’s USDT have been on the rise for a while now as crypto prices have recovered since the start of the year. This has come to a head as the non-empty wallets have grown double-digits…

Study Uncovers Surprising Data: 90% Of Stablecoin Transactions Not Driven By Human Users

[May 6 8:00 AM] In a recent report by Bloomberg, it has been revealed that more than 90% of stablecoin transaction volumes do not originate from genuine users, according to a new metric co-developed by Visa. Stablecoin Market Faces Data Reality Visa and Allium…

Stablecoin Giant Tether Strikes Gold: Achieves Record Net Profit Of $4.5 Billion In Q1

[May 1 3:00 PM] Stablecoin issuer Tether, a prominent player in the cryptocurrency market behind the widely used USDT stablecoin, has released its audit statement for the first quarter of 2024, accompanied by a report conducted by independent accounting firm BDO. …

DeFi And Web3 Gaming Dominate Q1: Record Transactions Leave Stablecoins In The Dust, Report

[Apr 17 6:00 PM] In a recent report published by QuickNode, the first quarter of 2024 showed the dominance of decentralized finance (DeFi) and the notable growth of Web3 gaming in the crypto industry, which outperformed the stablecoin sector in key metrics…

Solana Unveils Token Extensions As SOL Bounces Back, Surging 5%

[Jan 24 7:00 PM] The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions.   Solana Token Extensions Gains Traction According to a January 24 announcement, token…

Stablecoin Takeover? Record Tether 71% Dominance Raises Questions About Crypto Future

[Jan 16 4:00 AM] Tether, the issuer of the ubiquitous USDT stablecoin, cemented its dominance in 2023, ballooning its market share to a staggering 71%. This explosive growth, however, comes with a chilling undercurrent: a United Nations report linking USDT to a…

Cardano Climbs TVL Ranks: 198% Yearly Surge Puts Network Among Top 15

[Oct 30, 2023 10:00 PM] Cardano (ADA), a Proof-of-Stake (PoS) Layer-1 (L1) smart contract network launched in 2017, experienced a largely quiet Q3 2023 in the overall crypto market. However, the network faced challenges with a decline in ADA’s price and revenue. …

Crypto Investor Buying Power Just Reached A 6-Month High, What This Means

[Oct 4, 2023 5:00 PM] For the crypto market to fully enter another epic bull run, investors must be willing to purchase digital assets in large quantities. After a long stretch of abysmal performance, it looks like crypto investors are finally starting to believe in the…

PayPal’s PYUSD Report Provides Valuable Insight Into The Stablecoin’s Performance So Far

[Sep 19, 2023 2:00 PM] A new report has shown that the adoption of PayPal’s PYUSD stablecoin has seen less than favorable adoption rates since its inception. The crypto community remains skeptical about employing the new stablecoin for daily crypto payments and has opted…

Bye Bye Birdie: Binance Begins Process Of Axing BUSD Stablecoin

[Sep 15, 2023 4:00 PM] Binance crypto exchange announced in late August that it is moving to end support for its beloved BUSD stablecoin. This move comes amid the stablecoin’s run-in with regulators, leading to a halt in its production. And now, the exchange has started…

Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events

[Sep 12, 2023 5:30 AM] Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the…

PayPal’s PYUSD Fails To Capture Interest: 90% Of Supply Remains In Paxos’ Wallet

[Aug 29, 2023 8:00 AM] Paypal’s Ethereum-based stablecoin PYUSD has failed to capture crypto investors’ interest. According to data from Nansen, 90% of the stablecoin’s total supply still remains with its issuer Paxos’ wallet. Paypal’s PYUSD…

Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

[Feb 19, 2023 5:30 PM] Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the…

BUSD Redemptions Soar Near $290 Million in 8 Hours After NYDFS Consumer Alert

[Feb 13, 2023 3:30 PM] Before Paxos published a press release at 6 a.m. Eastern time Monday, the stablecoin BUSD had approximately 16.16 billion tokens in circulation. In the past eight hours, nearly $290 million has been redeemed, bringing the number of BUSD in…