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USD Coin Surpasses Tether on Ethereum

The stablecoin market has undergone a shakeup as USD Coin (USDC) has overtaken USD Tether (USDT) on the Ethereum blockchain. USD Coin Supply On Ethereum Is Now More Than Tether As per the latest weekly report from Arcane Research, USDC has now become the largest stablecoin on the ETH chain, surpassing USDT. A “stablecoin” is … Read moreUSD Coin Surpasses Tether on Ethereum

USDC supply surpasses USDT on Ethereum

The stablecoin market has seen explosive growth over the past years. The market has been and still is, dominated by Tether’s USDT coin. However, the rival stablecoin issued by Circle Inc., USDC, just flipped USDT on the Ethereum blockchain – the largest stablecoin platform. A Flippening refers to a change in the total market cap … Read moreUSDC supply surpasses USDT on Ethereum

Consortium of U.S. banks looking to launch bank-issued stablecoin

A consortium of U.S. banks or “an association of FDIC-insured financial institutions” including New York Community Bank (NYCB), NBH Bank, FirstBank, Sterling National Bank, and Synovus Bank is set to launch a “bank-minted” stablecoin with the ticker USDF. According to a press release published on Wednesday 12th of January, the coalition of banks is aiming … Read moreConsortium of U.S. banks looking to launch bank-issued stablecoin

IMF fears spillovers between crypto and equity markets, questions the “light touch” regulatory approach 

The International Monetary Fund (IMF), recently warned about a growing connection between crypto and equity markets that pose risks to financial stability. In its recent report, the international body estimated the potential for spillovers between crypto and equity markets in the US and in emerging markets–analyzing daily data on price volatility and returns. “Cryptic” connections  … Read moreIMF fears spillovers between crypto and equity markets, questions the “light touch” regulatory approach 

Turkey’s rising inflation pushes citizens to crypto

In recent times, one of the major economic crises countries around the world have been facing is inflation; especially as a number of them are having to battle with the dwindling purchasing power of their national fiat currency due to the effect of the coronavirus pandemic. Turkey is battling an economic crises One country fighting … Read moreTurkey’s rising inflation pushes citizens to crypto

Vitalik Buterin foresaw stablecoin and defi growth, omits NFT

In most climes, the arrival of a new year is an opportunity to make projections for what the future holds. Already, some crypto enthusiasts and analysts have already begun making different predictions for what they believe the future holds for the digital asset industry. However, rather than making new predictions, Ethereum’s co-founder Vitalik Buterin is … Read moreVitalik Buterin foresaw stablecoin and defi growth, omits NFT

These are the six companies that bought almost $100 Billion USDT from Tether

these are the six companies that bought almost 100 billion usdt from tether

After several months of research, a report from Protos managed to identify exactly who acquired 70% of all USDT ever issued. The report looked at every single USDT ever sent to and from Tether across eight blockchains and layers it currently exists on, finding that the company distributed $108.5 billion in USDT since 2014. The … Read moreThese are the six companies that bought almost $100 Billion USDT from Tether

U.S. SEC expected to have the key role in policing stablecoins like Tether

The US Securities and Exchange Commission (SEC) is about to play a leading authority role when it comes to proposing legislation and overseeing the stablecoin sector, Bloomberg recently reported, citing anonymous sources. The sources “familiar with the matter” leaked that a report expected this week by the US Treasury Department and other agencies will also … Read moreU.S. SEC expected to have the key role in policing stablecoins like Tether

Over 160 projects will launch on Terra (LUNA) early next year

over 160 projects will launch on terra luna early next year

Terraform Labs, the South Korean company behind the blockchain project Terra (LUNA), continues focusing on advancing the developer activity on the network. Meanwhile, the true impact of the network’s cardinal upgrade, dubbed Columbus-5, is yet to unravel, as the launch of Inter-Blockchain Communication (IBC) protocol and Wormhole support for Terra approaches. 160 more projects on … Read moreOver 160 projects will launch on Terra (LUNA) early next year

On-chain data reveals crucial metrics about the adoption of Bitcoin, stablecoins, and Cardano

First in a bigger series of dAppradar’s reports, which explore how value moves around after entering the blockchain industry, revealed that the amount of Bitcoin (BTC) sitting in centralized exchanges (CEX) is at its lowest point in 2021, while Wrapped Bitcoin (WBTC), the first ERC20 token backed 1:1 with Bitcoin, doubled since the start of … Read moreOn-chain data reveals crucial metrics about the adoption of Bitcoin, stablecoins, and Cardano

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