FeesSafety
Pluang+

Stablecoin liquidity drops as Tether loses $6.6B; Project Faro raises $270M to challenge market leaders.

Market News
11 Nov 2026, 23:00 WIB
AMBCrypto
View Source
Bearish
Stablecoin liquidity drops as Tether loses $6.6B; Project Faro raises $270M to challenge market leaders.

Tether's market cap fell by $6.6 billion over 60 days, reducing liquidity in crypto markets and weakening Bitcoin demand. Stablecoin capitalization now stands at around $290 billion, limiting funds available for crypto recovery. Meanwhile, Project Faro, backed by 21 major banks including Goldman Sachs and Citi, raised $270 million to launch a dollar-backed stablecoin by 2027, aiming to improve cross-border payment speed. Success depends on adoption and liquidity in a market dominated by Tether and Circle.

Tether's market cap drop is context for crypto market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Nov 12, 2026 04:22 WIB: 31 of 50 major cryptocurrencies rose today. Notable movers include AVAX at Rp155.744 (+3.70%), FIL at Rp13.938 (+3.60%), and XLM at Rp2.703 (+3.44%), with strong buy activity on Pluang.

More News

Global beverage market to reach $2.78T by 2032, driven by nonalcoholic drinks and convenience trends.

Global beverage market to reach $2.78T by 2032, driven by nonalcoholic drinks and convenience trends.

The global beverage market is projected to grow from $2.03 trillion in 2026 to $2.78 trillion by 2032, at a CAGR of 5.35%. Growth is fueled by rising demand for nonalcoholic and functional beverages, convenience packaging, and premium products for sp...

Market News
Bullish
2 hours ago
Over 200 GLP-1 and incretin therapies in development are reshaping diabetes and obesity treatment landscapes.

Over 200 GLP-1 and incretin therapies in development are reshaping diabetes and obesity treatment landscapes.

DelveInsight's 2026 report reveals more than 200 GLP-1 receptor agonists and incretin-based therapies are in development by over 180 companies, targeting conditions like type 2 diabetes, obesity, and related metabolic disorders. Key players such as E...

Bullish
3 hours ago
Pyth Network adds real-time NYSE stock data, boosting tokenized stock trading accuracy.

Pyth Network adds real-time NYSE stock data, boosting tokenized stock trading accuracy.

Pyth Network has integrated real-time stock and ETF data from five NYSE exchanges into its marketplace, enhancing its institutional market-data services. This expansion follows its earlier Nasdaq integration, providing developers a unified source for...

Protocol Fundamentals
Bullish
5 hours ago
Innovative Holdings Alliance rebrands as Premergy, shifts focus to battery tech under new ticker PMGY.

Innovative Holdings Alliance rebrands as Premergy, shifts focus to battery tech under new ticker PMGY.

Innovative Holdings Alliance, Inc. has changed its name to Premergy, Inc. and will trade under the new ticker symbol PMGY starting November 12, 2026. This rebranding aligns the company with its focus on advanced battery technology and power-managemen...

Company Fundamentals
Neutral
5 hours ago
AMH declares Q4 2026 dividend of $0.33 per common share, payable Dec 31.

AMH declares Q4 2026 dividend of $0.33 per common share, payable Dec 31.

AMH announced a dividend of $0.33 per common share for Q4 2026, payable in cash on December 31 to shareholders of record as of December 15. Additionally, quarterly distributions were declared for preferred shares: $0.36719 for Series G and $0.39063 f...

Company Fundamentals
Neutral
5 hours ago
banner-footerbanner-footer

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