Tether's USDT stablecoin supply increased by over $5 billion in the past month, reaching about $189.7 billion and nearly 60% of the stablecoin market. Competing stablecoins USDC, USDe, and PYUSD collectively lost $4.2 billion, reflecting a rotation of funds rather than new market inflows. Regulatory pressures and market risk aversion have pushed investors toward the more established and liquid USDT. This shift consolidates Tether's dominance, while synthetic stablecoins like USDe face significant declines, impacting DeFi protocols relying on them.
Tether's USDT is now available as a confidential token (cUSDT) on Zama, which uses fully homomorphic encryption to hide transaction amounts and balances on Ethereum. Since its launch in January 2026, cUSDT has reached a cumulative shielded volume of ...
David Schwartz, Ripple's CTO Emeritus, acknowledged a fundamental mistake in early blockchain design: assuming all USD stablecoins would share the same currency code 'USD'. This miscalculation led to fragmented stablecoin payments, confusing users wi...
Stablecoin issuers Circle and Tether are key beneficiaries of the rapid growth in neobanks across emerging markets, where stablecoins like USDC and USDT enable cheaper, faster payments. While neobanks struggle with profitability due to high customer ...
This week in crypto, Pump.fun introduced a new trading model pairing memecoins with tokenized stocks on Solana, expanding crypto's reach. Hunter Biden's LAPTOP memecoin crashed 98% shortly after launch, highlighting market volatility. The Liquid netw...
The US Department of Justice publicly thanked Tether for its role in disrupting Xinbi Guarantee, a Chinese-language crypto marketplace accused of supporting fraud and money laundering. Authorities restrained over $52 million in digital assets linked ...
