Tether has partnered with crypto lending platform Ledn to support Tether Gold (XAUT) on its platform, allowing investors to borrow against tokenized gold later this year. This move expands the utility of XAUT, which represents physical gold stored in Swiss vaults, enabling liquidity without selling the asset. The partnership reflects Tether's strategy to increase real-world use cases for digital assets backed by physical commodities and diversify beyond its USDT stablecoin. Ledn will maintain a conservative lending model with fully reserved collateral, distinguishing it from other crypto lenders that failed during market downturns.
USD Coin (USDC) has surged to hold 56% of stablecoin trading against the euro, up from 10% in January 2024, following European exchanges restricting Tether's USDt (USDT) for customers in the European Economic Area under EU regulations. This shift ref...
USDC has reportedly captured 56% of euro stablecoin transactions, overtaking Tether's USDT in this specific market segment. This shift reflects growing demand for regulatory-compliant stablecoins under the EU's MiCA framework, with European instituti...
Circle's USDC stablecoin now accounts for 56% of euro-paired stablecoin trading, surpassing Tether's USDT which fell from 90% to 44% since January 2024. This shift is driven by the EU's Markets in Crypto-Assets (MiCA) regulations, which enforced stri...
In the past 24 hours, Bitcoin (BTC) and Ethereum (ETH) attracted significant net inflows, with BTC leading at $170.97 million and ETH at $35.72 million, even as their prices declined. Stablecoins USDT and USDC also saw net inflows of around $12 milli...
Within a three-hour span ending at 11:04 a.m. ET on October 26, six large cryptocurrency transfers totaling $394.5 million took place. Key movements included a $108.9 million Tether transfer to Bitfinex, 999 Bitcoin sent to Binance, and significant P...
