Tether’s USDT stablecoin supply has decreased by about $4 billion over the past 60 days, including an $870 million drop in the last 11 days, according to Cryptoquant data. This decline suggests that some investors are moving out of crypto into fiat currency amid weaker speculative demand and changing stablecoin incentives. Despite the shrinkage, USDT still holds a dominant 60% share of the stablecoin market, mainly concentrated on Tron and Ethereum networks. The key question now is whether this supply contraction will lead to reduced trading activity and liquidity, indicating a broader cooling in crypto risk appetite rather than just a temporary reshuffle of digital dollars.
In Venezuela, scammers are exploiting the widespread use of USDT stablecoins by sending fake USDT tokens with zero value to merchants during checkout. These counterfeit tokens mimic real USDT contracts and appear valid in self-custody wallets, tricki...
Tether minted $500 million worth of USDT on the Solana blockchain in less than 60 minutes, adding to Solana's existing $3.8-$4 billion USDT supply. This surge, alongside a simultaneous $250 million USDC mint by Circle on Solana, indicates strong dema...
TRON's stablecoin market cap grew by about $4.8 billion in 90 days, driven mainly by Tether's USDT, which now exceeds $94 billion on the network. This surpasses Ethereum's USDT supply by over $9 billion, largely due to TRON's lower transaction fees, ...
Hyundai successfully tested a $20,000 cross-border payment using Avalanche's blockchain, reducing transfer time from hours to about seven minutes. This pilot, involving Hyundai Card and partners like Tether and Axiom, used stablecoins rather than AVA...
