13 / 24 Relevant items tagged with #Stablecoins
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Stablecoins Surge: USDT Leads $400 Million Inflows, Signaling Investor Confidence
[Feb 1, 2024 9:00 AM] The cryptocurrency industry has witnessed a significant change in the movement of stablecoins, offering valuable observations into the evolving dynamics of the market. Recent data from IntoTheBlock and CryptoQuant has shown a surge in stablecoin…
Tether Reports Record $2.85B Profit as Biggest Stablecoin Nears $100B Market Cap
[Jan 31, 2024 10:07 AM] The USDT stablecoin issuer held over $5.4 billion in excess reserves as of 2023 year-end, according to its latest attestation.
Stablecoin Market Cap Climbs $4.85 Billion in 30 Days; USDT, USDC, FDUSD Spearhead Growth
[Jan 31, 2024 8:30 AM] In the past month, data reveals a significant increase in the combined market capitalization of leading stablecoins, rising from $131.71 billion to $136.56 billion. The top two stablecoins, tether and usd coin, experienced notable expansions in…
Bitcoin Rally Still Has Some Legs Left, Santiment Explains Why
[Jan 30, 2024 9:00 AM] The analytics firm Santiment has explained that the current Bitcoin rally could still have some legs left, based on this on-chain trend. Bitcoin & Ethereum Leave Exchanges, While Tether Sees Deposits In a new post on X, Santiment has discussed…
Circle to Issue Its Stablecoin USDC on Celo Network to Boost RWA Capabilities
[Jan 30, 2024 8:11 AM] Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
A Backdoor Regulatory Option Haunts U.S. Crypto
[Jan 29, 2024 7:00 AM] After the 2008 global financial meltdown, Congress set up a round table of regulators who could wield a unique tool against the next emerging threats. The Financial Stability Oversight Council (FSOC) can tag companies with systemic-risk labels that…
Hong Kong Gets Spot-Bitcoin ETF Application, Stablecoin Interest From China’s Harvest Global: Reports
[Jan 29, 2024 3:54 AM] Venture Smart Financial Holdings is also aiming for a spot-bitcoin ETF and is involved in the discussions about the stablecoin sandbox.
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
[Jan 25, 2024 12:30 PM] Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981…
FDUSD Market Cap Skyrockets by $1 Billion in 2024, Clinching Top 4 Stablecoin Spot
[Jan 21, 2024 12:30 PM] According to statistics, the stablecoin crypto asset FDUSD has seen its market capitalization grow by $1 billion since the start of the year. Presently, the supply stands at 2.614 billion FDUSD after witnessing a 45.7% supply increase in 30 days…
Solana Stablecoin Volume Reaches Record High Of $300 Billion In January
[Jan 21, 2024 2:50 AM] According to the latest on-chain data, the Layer-1 network Solana has hit a significant milestone in terms of the transfer volume of stablecoins this month. Solana Overtakes Tron In Stablecoin Transfer Volume Data from the blockchain analytics…
Chainalysis Reveals Decline in Crypto Crime, Shift to Stablecoins in 2024 Crime Report
[Jan 20, 2024 1:00 AM] Chainalysis’ latest report reveals a dual trend in the 2023 crypto crime landscape: a notable decrease in overall value of criminal transactions and a surprising shift from bitcoin to stablecoins as the preferred medium for illicit…
In Search of Financial Freedom: The Answer Lies With Bitcoin, Not Stablecoins
[Jan 19, 2024 9:46 AM]
Does Howard Lutnick Know ‘the Truth’ About Tether?
[Jan 17, 2024 3:13 PM] Speaking at Davos, the Cantor Fitzgerald CEO says the stablecoin issuer has the money to back USDT. Maybe it’s time we all started to believe in Tether, despite the “truthers”?
Circle CEO Jeremy Allaire: ‘Stablecoins Are Set to Change the Financial System Forever’
[Jan 16, 2024 5:30 PM] Jeremy Allaire, CEO of Circle, a stablecoin company, has declared that blockchain systems are the new infrastructure layer of the internet and that stablecoins are at its core, providing value that is “nearly instant, nearly free and global…
Cantor Fitzgerald CEO Foresees Bitcoin Rally at Next Halving, Affirms Tether’s Reserves are Solid
[Jan 16, 2024 2:30 PM] Howard Lutnick, CEO of the renowned financial services company Cantor Fitzgerald, recently shared his insights on bitcoin and tether during an appearance at the World Economic Forum in Davos on Tuesday. Lutnick drew parallels between the fervor…
Wall Street CEO on Tether Controversy: 'They Have the Money'
[Jan 16, 2024 12:39 PM] Cantor Fitzgerald CEO Howard Lutnick vouched for stablecoin issuer Tether’s legitimacy on Tuesday, addressing what has been one of the big questions in crypto over the years as its stablecoin, USDT, has grown into a behemoth: Does Tether have the…
TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold
[Jan 16, 2024 11:30 AM] Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99…
Stablecoin Takeover? Record Tether 71% Dominance Raises Questions About Crypto Future
[Jan 16, 2024 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…
PYUSD’s 30-Day Surge of 72% Vaults Paypal’s Offering Into USD Stablecoin Top Ten
Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
[Jan 3, 2024 11:30 AM] Over the past few years, the stablecoin market has significantly slowed, particularly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, last year, the New York Department of Financial Services (NYDFS) instructed…
Webb: Unmasking Farmington - FTX, Fluent Finance and the Coming Digital Dollar
[Jan 3, 2024 9:01 AM] Originally posted on Unlimited Hangout.One of the oddest and most mysterious relationships that emerged out of the collapse of FTX last year was Alameda Research’s unusual relationship with Farmington State Bank, one of the smallest, rural banks in…
Study: Only 6% of Crypto Exchanges Integrated the Lightning Network
Paypal and First Digital Stablecoins Dominate in December as Binance USD Heads Toward Extinction
[Jan 2, 2024 10:30 AM] The leading stablecoins, in terms of market capitalization, concluded 2023 with a combined value of around $131.69 billion, yet only two of the top ten experienced increases in 30-day supply. Data reveals that tether, the leading U.S. dollar-pegged…
Maelstrom CIO Arthur Hayes Alerts Big Banks Will Eventually Cannibalize Tether’s Business Model
[Dec 31, 2023 4:30 PM] Arthur Hayes, CIO of Maelstrom and former CEO of Bitmex, discussed the eventual demise of Tether and other stablecoin companies. Hayes explained that Tether’s business model, which consists of taking dollars and investing in treasuries, will…
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
[Dec 27, 2023 4:13 AM] The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.
2023: A Critical Juncture for the Global Stablecoin Market
[Dec 21, 2023 2:09 PM] Moody’s Senior Director Yiannis Giokas said adoption accelerated this year, despite many destabilizing trends.
S&P’s Stablecoin Report Is a Vote of Confidence for Crypto
[Dec 19, 2023 11:28 AM] Stablecoins are “something we're putting strong resources towards, because we know it's a growing area both in traditional and new financial areas,” a leading S&P analyst said.
Report: Bank of Korea Chief Says Growing Use of Stablecoins Threatens Central Bank Operations
[Dec 19, 2023 4:30 AM] The Bank of Korea governor Rhee Chang-yong recently stated that the growing stablecoin use threatens the operations of central banks. The possible involvement of global networks like Visa and Mastercard in the stablecoin business will likely…
FDUSD Rockets to $1.6B Market Cap, Becoming Fifth Largest Fiat-Pegged Crypto Amid Binance Concentration
[Dec 17, 2023 3:30 PM] In the fortnight since Dec. 2, 2023, the stablecoin asset first digital usd (FDUSD) experienced a notable expansion, increasing its supply by 690 million coins. As of Dec. 17, 2023, this surge has elevated its market capitalization to a significant…