|Day's range||1.0002 - 1.0004|
|52-week range||0.9815 - 1.0296|
|Volume (24 hrs)||13.26B|
|Volume (24 hrs) all currencies||13.26B|
USDT has reached a $83.2 billion market capitalization, recovering all its losses since the implosion of blockchain project Terra more than a year ago.
The bet made at Consensus 2018 hinged on how far Ethereum adoption would get by now. Crypto analysts say the blockchain appears to have met a key threshold, or at least got very close.
The stablecoin issuer announced earlier this week it is investing in a sustainable bitcoin mining facility in Uruguay.
Stablecoin issuer Stably is launching a dollar-backed stablecoin for traders of Bitcoin NFTs and BRC-20 tokens.
Reports from Chainalysis and Elliptic point to the trade for fentanyl precursors and fentanyl itself being fuelled by crypto.
Trading with Tether’s USDT stablecoin has fallen to its lowest level in four years, while its market capitalization nears an all-time high of $83 billion.
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel.
The company, which issues the $82 billion USDT stablecoin, reported $1.48 billion of net profits in 2023 Q1 and revealed $1.5 billion in BTC holdings.
Attacker behind a fake HitBTC website might have stolen $15M worth of crypto from multiple scams and phishing attacks
The company’s USDT stablecoin has seen rapid growth this year as the U.S. banking crisis hit rivals.
Community members are vying for a new model to improve revenues to sustain the peg, which includes token buybacks and fees paid on peg deviations.
Trading volumes in the BTC/TUSD pair have surged over the past four weeks after the crypto exchange introduced zero trading fees for it.
Despite the recent bear market and the latest banking turbulence, users in Latin America and Europe continue to embrace stablecoins, but in a very different way.
USDC and USDT both have issues that truly decentralized, blockchain-based protocols are designed to solve.
The TrueUSD (TUSD) stablecoin’s market share in bitcoin (BTC) trading volume on Binance is catching up to Tether’s USDT following the exchange’s zero fee trading discount, but data shows traders are still reluctant to use TUSD, according to crypto data firm Kaiko. Between Binance’s BTC-TUSD and BTC-USDT trading pairs, TUSD’s market share rose to 49%, almost equalling Tether's. “This is a massive increase over just a few weeks,” Clara Medalie, head of research at Kaiko, said.
The exploiter paid back Aave users’ USDT debts on its V1 markets, making the total USDT borrowed stand at zero.
Tether's market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival Tron.
Crypto exchange sees massive outflows in the aftermath of US regulatory action.
USDT has been added to Telegram's @wallet bot, expanding the messaging app's facility for buying and selling crypto.
Sushi DAO and Head Chef Jared Grey were served with a subpoena by the U.S. Securities and Exchange Commission, the DAO revealed Tuesday.
Well, through sheer coincidence, this week when the U.S. Treasury Department, Federal Reserve and FDIC announced plans to backstop all deposits at two failed banks, they were also pledging to secure at least 8% of the collateral for the USDC stablecoin. Circle, the stablecoin’s issuer, said it keeps around a quarter of USDC’s reserve assets at about six banks. The bailout benefited Circle, which was working overtime last weekend while USDC depegged from the U.S. dollar.
Circle Ventures, the venture arm of the USDC-issuer, and IDG Capital also joined the round.
Market turmoil resulting from Silicon Valley Bank's collapse briefly caused Circle's USDC (USDC-USD) stablecoin to break its peg to the dollar. In response, the stablecoin issuer's management team has called upon the U.S. congress to urgently pass stablecoin legislation. In an interview with Yahoo Finance's Jennifer Schonberger, House Committee on Financial Services Chair Rep. Maxine Waters (D-CA), says the legislation could be passed in just a few days, hinting that the delay was due to concerns over which political party would be in control of the House of Representatives."The only thing that interfered, I think, with its passage was the anticipation that the house was going to change and it was going to be in the hands of the Republicans and they should take charge rather than those of us on the Democratic side," said Ranking Member Waters. Rep. Waters declined to give a timetable for the legislation, though she did reaffirm that she and Rep. Patrick McHenry (R-NC), are focused on stablecoin legislation and have bipartisan support to get it done. Key video Moments: 00:01:00 Bank stock sales and management bonuses 00:03:30 Republican bank deregulation 00:07:30 Stablecoin legislation Watch our full conversation with Rep. Maxine Waters here.
Cryptocurrency prices have soared in the wake of the collapse of California-based Silicon Valley Bank.
A stablecoin backed by $1 worth of bitcoin and 1x short of a bitcoin perpetual future can be used to provide stability to such a token, Hayes said.