Tag: stablecoin

Cryptory.net - Tether (USDT) continues to strengthen its position as the largest stablecoin in the market with a new capitalization record.

Cryptory.net - In an effort to improve security and prevent bad actors from abusing USDT, Tether has frozen 161 stablecoin wallets that are sanctioned by OFAC.

Cryptory.net - Wintermute CEO Evgeny Gaevoy said his company lost $8 million due to NEAR Foundation’s action.

Cryptory.net - In prepared remarks, Michael Barr, a prominent Federal Reserve official, stated that it is imperative to regulate stablecoins.

Cryptory.net - In a recent report by CCData, it was revealed that the market capitalization of stablecoins hit its lowest point since August 2021, dropping to $124 billion in September. Furthermore, the dominance of stablecoins in the overall crypto market cap decreased by 0.2% to 11.6% as of September 18th.

Find out how Ethereum might receive a boost as the preferred currency of the internet through PayPal's announcement of its own stablecoin, the PYUSD.

Bitcoin and Ethereum's dominance grows, stablecoin market cap declines, and Ethereum's Shapella upgrade fuels growth impact.

Cryptory.net - A new proposal for Hong Kong to issue a stablecoin pegged to Hong Kong dollar to compete with USDT and USDC.

Cryptory.net - Tether admitted that the government of New York state handed over its financial documents to CoinDesk.