Rob Hadick of Dragonfly predicts the stablecoin market will evolve beyond the current USDT and USDC dominance due to increasing competition from banks, fintech companies, and new crypto issuers. This competition will focus on payments, compliance, and real-world financial use cases rather than just issuance and reserve income. New entrants like Paxos and Agora are developing more flexible stablecoins tailored for specific financial needs, potentially breaking the duopoly through better distribution and user experience. Hadick believes the stablecoin market is still in its early stages, with significant growth and diversification ahead.
Flare Network's token price rose 6.67% in 24 hours alongside a 181% increase in trading volume, breaking past the $0.00725 resistance level. This price bounce was supported by the launch of Tether's omnichain deployment accessible via Superform, thou...
Tether froze over $72 million USDT on the Tron network after an on-chain investigator linked a large wallet to significant Monero (XMR) buying and a sharp price spike from $330 to $420. The wallet moved $120 million USDT across multiple exchanges and...
MassPay, a global payout platform, now enables eligible clients to send USDC stablecoin payments instantly worldwide using Coinbase's payment infrastructure. This integration allows businesses to manage wallets, convert funds to USDC, and initiate pa...
In the past 24 hours, USD Coin (USDC) experienced a net outflow of $141 million while Tether (USDT) saw a net inflow of $41.4 million, indicating a rotation of capital among stablecoins. Bitcoin showed heavy two-way flows with a small net outflow, su...
Cryptocurrency prices are fluctuating with Bitcoin holding steady around $61,956, showing a slight increase of 0.16%. Meanwhile, many altcoins such as Ethereum, Binance Coin, XRP, and Solana have experienced declines ranging from 1% to over 7%. This ...
