Tag: Stablecoins

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 - 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.

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.

According to K33 Research, the collective market capitalization of BTC, ETH, and stablecoins has achieved its peak level since February 2021.

In the past year, the market share of Circle's USD Coin has decreased from 34.88% to 23.05%, while Tether's USDT has gained market share.

Defillama reports that the current market capitalization of stablecoins stands at $129 billion, which is a decrease from the May 2022 figure of over...

Cryptory.net - #USD is the first stablecoin launched in accordance with the BitFi technology - DeFi for Bitcoin blockchain.