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 […]
This year, the supply of the stablecoin tether has surpassed the $ 100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $ 111.9 billion. The majority of this supply resides on Tron, with the network hosting $ 58 billion in tethers, while Ethereum accounts for $ …
Teddy Fusaro, president of Bitwise, one of the crypto index fund managers, has praised the business model of Tether, the company behind the largest stablecoin in the crypto market. Fusaro emphasized that Tether obtained net income numbers close to the ones of traditional institutions such as Goldman Sachs and Morgan Stanley in 2023, with a […]
Celo, a low-fee, usability-focused blockchain, has approved using Tether’s USDT, a dollar-pegged stablecoin, to pay transaction fees. The passed governance proposal stated this functionality would simplify the transaction experience for users, who only need to hold the USDT stablecoin in their wallets to move value using Celo’s network. Celo Passes Governance Proposal Enabling USDT as […]