With bitcoin (BTC) cruising past the $ 100,000 mark and the crypto economy swelling dramatically in value this year, multiple sectors saw significant expansion. Stablecoins, a major player in the digital asset realm, now exceed $ 200 billion in total valuation, reflecting a $ 73 billion increase in this subset of fiat-pegged …
Blockchain sleuths have flagged a notable acquisition: on Dec. 30, 2024, a bitcoin address believed to be linked to stablecoin issuer Tether added 8,404.48 BTC to its reserves, valued at a cool $ 772 million. Blockchain Detectives Spot $ 772M Bitcoin Transfer to Tether Tether, known for issuing the largest stablecoin by market …
The market valuation of tether (USDT) has now ballooned to a staggering $ 140 billion. On Dec. 16, this stablecoin’s market cap makes up 3.75% of the colossal $ 3.73 trillion crypto universe. Tether’s Market Share Soars in 2024 The journey of the dollar-pegged digital economy has been quite the adventure since stablecoins …
The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $ 2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $ 2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the …
Speed, the company behind the Speed Wallet, has launched USDT-L, the first iteration of Tether, the largest stablecoin on the crypto market, on top of Bitcoin’s Lightning Network (LN). The wrapped token, which takes advantage of the “taproot assets” protocol recently rolled out by Lightning Labs, seeks to bring all the benefits of LN to […]