Once up a time there was crypto and fiat. If you wanted to trade in altcoins you had to first buy Bitcoin. Tether changed all that when it came onto the scene on Bitfinex in 2015, today there are a slew of stablecoins all competing for supremacy. USDC Listed on Binance The controversy surrounding Tether…
The second biggest stablecoin by market capitalization is already a multi-blockchain project. Soon, though, USDC will live almost everywhere. According to Coindesk, it will soon be available in, “Avalanche, Celo, Flow, Hedera, Kava, Nervos, Polkadot, Stacks, Tezos, and Tron.” That will bring the total to 14; since USDC is already functional in Ethereum, Algorand, Stellar,…
The late Pablo Escobar is infamous for a number of reasons but crypto has not been among them, until now. An ICO for a dollar pegged stablecoin has been launched by the brother of the drug lord and Colombian cult hero in an effort to impeach US president Donald Trump. Anti-Trump ESCOBAR ICO Gathers Momentum…
Stablecoins launched atop the Ethereum blockchain are growing better than Venmo, according to blockchain research firm TradeBlock. The New York company measured and combined the volumes of five Ethereum-based stablecoins – Dai, Gemini Dollar, Paxos, USD Coin, and Tether – between Q1/2018 and Q1/2019. The first fiscal quarters showed slight growths in their net transactions. But…
A Swiss-based asset management firm, Tiberius Group AG, is introducing a new product to the crypto markets: metal backed tokens. The new product will be a digital token that is backed by seven metals and will be first offered to prospective investors starting on October 1. The new token – called the Tiberius Coin –…
Boston-based Circle Internet Financial Ltd., creator of the popular retail crypto trading app Circle Invest, has announced that it’s following the lead of other exchanges by launching its own U.S.-dollar backed stablecoin. USD Coin: Circle Introduces New Dollar Backed Stablecoin The Goldman Sachs-backed Circle announced the move just days after revealing that new assets were…
The cryptocurrency market has been in shambles ever since the coronavirus outbreak reached critical levels, however, the panic has been positive for the growth of stablecoins, which have grown by billions in market cap since the selloff first began a month ago.Stablecoins Provide the Only Flight to Safety Amidst Coronavirus CrisisThe cryptocurrency market, like the…
The market capitalization of Tether (USDT) surpassed that of XRP this week.The dollar-pegged stablecoin is now the third-largest cryptocurrency. Macro factors led the demand for USDT higher, including traders’ flight-to-cash amidst the fast-spreading novel Coronavirus pandemic.Tether has replaced XRP, the native token of the San Francisco-based blockchain payment firm Ripple Labs, to become the third-largest cryptocurrency…
A mass exodus from the most popular dollar-pegged stablecoin Tether (USDT) has led to its devaluation against peer stablecoins. USDT on Monday broke away from its historically tight link with the US Dollar to touch 85 cents across multiple crypto-exchanges. As a result, a substantial USDT volume shifted to other cryptocurrencies, including Bitcoin, raising their…
The Tether general counsel has declared an official audit in few months. USDT is a popular stablecoin occupying the third position in global digital assets. As it’s on blockchain that cybersecurity experts deem unhackable, the majority today trusts its security. Related Reading | Cardano Aims To Facilitate Users With Smart Contracts However, many people in…