Recent data from Dune Analytics shows stablecoins USDT and USDC are specializing rather than competing directly. USDT dominates stablecoin payments with $95 billion in transactions, mainly through the Tron network, serving as a key tool for international trade and emerging markets. Meanwhile, USDC leads in decentralized finance (DeFi), with massive transaction volumes on Ethereum and Base networks, reflecting its role in liquidity and smart contract ecosystems. This market segmentation marks a maturation of stablecoins, with regulatory challenges ahead as lawmakers work to define frameworks for different stablecoin uses.
Tether has exited two Bitcoin mining operations in Uruguay following a conflict with the state utility UTE over electricity supply, leading to a halt in mining activities and losses of about $120 million. The dispute arose from differing interpretati...
Tether's $120 million Bitcoin mining project in Uruguay collapsed due to a dispute with the state utility UTE over electricity allocations, leading to power disconnections in July 2025. The disagreement centered on contract terms about power limits, ...
Oobit has partnered with AEON to integrate crypto payments into Vietnam's VietQR network, allowing travelers to pay with cryptocurrency by scanning local QR codes. Merchants receive payments in local currency, making it seamless without changing exis...
Maple Finance has emerged as the second-largest institutional crypto lender after Tether, with active loans around $1.9 billion and total loans originated between $15 billion and $22 billion. The platform shifted from risky uncollateralized lending t...
The US Treasury's proposed GENIUS Act rules could require US exchanges like Coinbase to stop offering Tether's USDT stablecoin to American users starting January 18, 2027, unless Tether complies with US legal orders. This follows a similar move in Eu...
