Tether updates, transparency reports, and insights into the role of stablecoins in global finance.
Coingecko data showed that USDT's supply rose by 2.6% in 30 days to $67 billion, while USDC declined 2.1% to $53 billion.
According to Santiment, the high percentage of Tether on exchanges is a sign of 2-year high buying power in the market.
USDC is expected to have a bigger market cap than Tether in the coming months due to greater compliance and transparency efforts.
The downturn was triggered by the collapse of TerraUSD in May, which paved the way for market share growth of fiat-backed stablecoins.
Celsius legal representatives are asking whether the bankrupt lender could be able to recover the value of the collateral sold by Tether.
The app will run on the Holepunch platform, which allows users to connect via text, call, or video via distributed technology.
The Reserve Bank of Australia governor argued that the private sector is better than central banks at innovating tokens.
The stablecoin issuer is making good on its promise to reduce its commercial paper holdings and have more of its reserves held in US Treasuries.
The Fed states that vulnerabilities in stablecoins may be further heightened by the absence of transparency about the riskiness and liquidity of assets backing them.
