12 hours ago · 2 min read
Circle’s USD Coin is silently closing the gap to Tether
Circle-backed stablecoin, USD Coin, now controls around 30% of the stablecoin market share after minting its 50 billionth token.
USDC supply surpasses USDT on Ethereum
The amount of USDC stablecoin issued on the Ethereum blockchain has surpassed that of the number one stablecoin USDT. The “flippening” is telling of the recent growth of USDC.
Tether freezes three Ethereum addresses holding $150 million in USDT
Tether had earlier blacklisted 312 Ethereum addresses in 2021.
Consortium of U.S. banks looking to launch bank-issued stablecoin
An association of FDIC-insured financial institutions launched Wednesday, with a mission to build a network of banks to further the adoption and interoperability of a bank-minted stablecoin.
Turkey embraces Bitcoin and Tether as the lira keeps spiraling down
Crypto trading volumes using the lira reached a 15-month high as Turks race to get rid of their national currency.
Jerome Powell softens regulatory stance against stablecoins, says can coexist with the Fed’s CBDC
Federal Reserve Chair Jerome Powell signals that stablecoins will not be banned outright.
Tether mints an additional $3 billion of USDT in past 2 weeks
Tether now has $76 billion worth of coins in supply which is almost two-times that of USDC.