In a recent podcast interview, Ripple’s CEO Brad Garlinghouse stated that Tether, the largest Stablecoin issuer by market share, is next on the US government’s target list. Tether’s CEO, Paolo Ardoino, refuted Garlinghouse’s comments and accused him of spreading fear. Is Tether Next In Line? Ripple’s CEO joined Quantum’s founder, Chris Vasquez, for his World […]
In a post on X, one analyst now claims traditional fiat-backed stablecoins like USDT and USDC should prepare for a “major” attack due to the increasing popularity of Ethena’s USDe. The warning follows Ethena and USDe’s integration with Bybit, a crypto exchange allowing perpetual trading. USDe is not fiat-backed like other popular stablecoins. Instead, it is a […]
Tether, the company behind the USDT stablecoin, has announced a significant reorganization and expansion strategy aimed at transcending its flagship product. This move introduces four distinct business divisions—Data, Finance, Power, and Edu—with a focus on broadening its influence and applications in various sectors of technology and finance. Paolo Ardoino, CEO, emphasized the strategic pivot: “Thriving […]
Payment company firm Ripple has announced its foray into the stablecoin market with an imminent launch of its own US dollar-pegged digital currency. This development positions Ripple to compete directly with established stablecoin giants like Tether and Circle, which dominate the $150 billion market. Ripple’s entry into the stablecoin arena signifies a strategic expansion of […]
On-chain data suggests the whale entities have bought up around 5% of the supply of the major stablecoins over the past three weeks. Whales Have Been Gobbling Up Stablecoin Supply Recently According to data from the on-chain analytics firm Santiment, whales have been rapidly accumulating the stablecoin supply recently. Whales here refer to investors holding […]
While Tether (USDT), the world’s leading stablecoin, has been pivotal in facilitating transactions across the blockchain space, a recent analysis by blockchain analytics firm TRM Labs sheds light on a less desirable aspect of USDT’s ubiquity: its significant use within illicit crypto flows during the past year. This development unfolds against declining overall volumes of […]
The cryptocurrency world watches with a mix of intrigue and apprehension as Tether (USDT), the most prominent stablecoin, inches closer to a seemingly mythical $100 billion market capitalization. This monumental milestone signifies Tether’s undeniable market dominance, but it also casts a spotlight on the regulatory clouds gathering around the stablecoin and the potential implications for […]
Stablecoins are now emerging as a pivotal force, particularly influencing Bitcoin’s recent price movements. Data from the on-chain analytics firm Glassnode reveals a notable shift in the stablecoin supply ratio (SSR) oscillator, signaling an increase in stablecoin “buying power.” This trend has become a significant factor contributing to Bitcoin’s price performance. Stablecoin Supply Moves 3.5% […]
In a post on X, analyst Cardano Yoda believes that a USD-pegged stablecoin is crucial for ADA’s future success, suggesting that its integration could trigger a bull run sometime in 2025. A stablecoin, a token that’s “stable” since its price is pegged to a fiat currency like the USD or Euro, will ignite activity, driving decentralized finance […]
Stablecoins are poised to become the next multi-trillion-dollar market, according to a prediction by Gabor Gurbacs, an advisor to Tether, one of the leading stablecoin issuers. Gurbac’s assertion places stablecoins at a pivotal juncture in the evolution of financial markets, drawing parallels to the monumental growth of exchange-traded funds (ETFs). As the stablecoin market currently […]
According to Qiao Wang, the customer support at Alliance DAO, Tron is the blockchain that has best banked the unbanked around the world. Tron is a smart contract platform and one of the many competitors of Ethereum. Taking to X on December 25, Wang argues that Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) are “too volatile, too […]
Tether, the company that created the popular stablecoin USDT, has taken the initiative to publicly reveal letters it sent to the US House Financial Services Committee and the US Senate Committee on Banking, Housing, and Urban Affairs in an attempt to reaffirm its commitment to openness and legal compliance. Tether, which has taken a proactive […]