Tag: stablecoin

    Tether (USDT)’s Market Cap Sets New High, Exceeding $91 Billion - Tether (USDT) continues to strengthen its position as the largest stablecoin in the market with a new capitalization record.

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

    Wintermute Accuses NEAR Foundation of Breaking $11M USN Stablecoin Promise - Wintermute CEO Evgeny Gaevoy said his company lost $8 million due to NEAR Foundation’s action.

    Federal Reserve’s Barr Suggests Regulation for Stablecoins - In prepared remarks, Michael Barr, a prominent Federal Reserve official, stated that it is imperative to regulate stablecoins.

    Stablecoin Market Cap Continues to Decline for 18th Straight Month - 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.

    Will PayPal’s Stablecoin Strengthen Ethereum?

    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.

    Q2 2023: Stablecoin Decline as ETH Staking, Layer-2s See Major Growth

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

    Hong Kong Proposed to Issue Stablecoin to Compete With USDT and USDC - A new proposal for Hong Kong to issue a stablecoin pegged to Hong Kong dollar to compete with USDT and USDC.

    Tether: CoinDesk Is Holding Its Confidential Documents - Tether admitted that the government of New York state handed over its financial documents to CoinDesk.