Litecoin, once promoted as a fast, cheap digital payment option, is losing ground to stablecoins like USDC and USDT that offer similar speed and low fees but without price volatility. Merchants and users prefer stablecoins because they maintain a constant value, eliminating risks of loss during transactions and making them more practical for everyday payments and remittances. While Litecoin retains advantages like censorship resistance and simplicity, its volatility discourages widespread transactional use. Consequently, Litecoin's role is shrinking to a niche market focused on censorship resistance rather than mass payment adoption.

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Tether's ex-CIO plans to sell stake amid talks of $500B valuation and expansion.

Raphael Zagury, former CIO of Tether, intends to sell his stake in the company, marking a rare liquidity event for insiders of the stablecoin giant. This comes as Tether explores raising $15-$20 billion in capital, potentially valuing the company at ...

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2 days ago

Stablecoins outpace Litecoin for payments due to price stability and faster adoption by merchants.

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Tether's ex-CIO plans to sell stake amid talks of $500B valuation and expansion.

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Stablecoins outpace Litecoin for payments due to price stability and faster adoption by merchants.

More News (PYUSD)

Tether's ex-CIO plans to sell stake amid talks of $500B valuation and expansion.

Invest & Trade with#1 Award-Winning Investment Super App

iOS App Store

Google Play Store

Invest & Trade with
#1 Award-Winning Investment Super App