Stablecoins
Adoption grows as more than $7T settled with stablecoins in 2022
The total value settled with stablecoins this year surpassed the settlement value at Mastercard, which processed around $2.2 trillion in value in 2022.
stablecoins
Latest stories
Stablecoins
Bitfinex holds the highest amount of Tether(USDT) at 60%, exchange balances surpass ATH
Despite recently losing 1% of its USD peg, Tether has 60% of its entire supply held across various exchanges with Bitfinex holding the largest share.
Stablecoins
New York court orders Tether to provide documents on USDT reserve
Tether must also provide information about its accounts at Bittrex, Bitfinex, and Poloniex.
Crypto
Research: USDT, USDC exchange balance going in opposite directions
The balance of USDT on exchanges doubled in the past year reaching $17.7 billion, while USDC saw the $7 billion it recorded earlier this year drop to $2.1 billion.
Research
Research: Ethereum is recovering its dominance over stablecoins
Ethereum's price recovery led it to recover its dominance over stablecoins, with its market cap now standing at just over $243 billion.
Regulation
US lawmakers propose bank-like regulation for stablecoin issuers
Stablecoin issuers would be forced to have their reserves backed in conservative assets like cash and US Treasury bonds that would not be vulnerable to market panics.
Regulation
Gensler says SEC can consider tailoring rules for crypto industry compliance
Gensler said several crypto companies have been non-compliant with offering unregistered securities to investors.
Adoption
Stablecoins are becoming a safe haven for Afghans fleeing the oppressive Taliban regime
To preserve what wealth they have left, Afghans are moving away from volatile assets — including Bitcoin.
Price Watch
Bitcoin price consolidates while daily active addresses see strong growth
The market price of bitcoin is consolidating above $38,000, but stays closely correlated to the stock market. At the same time, the number of daily active addresses is steadily growing, as is the supply of stablecoins.
Opinion
The U.S. already have a CBDC, just skip the “CB”
Let the private sector come up with a solution to the CBDC dilemma. Maybe you heard it before, but the U.S. already has a, or rather several, digital dollars. They’re called stablecoins, and all the U.S. government basically has to do, to leapfrog China, is to say okay.
CBDCs
Digital euro bill set to come in early 2023
While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year.
Stablecoins
Stablecoins total market cap just surpassed $150 billion
The total market cap of all stablecoins surpassed $150 billion on Monday. Tether’s USDT is still the largest stablecoin on the market, but Center’s USDC is catching up.
