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 stablecoin supply surged by over $5 billion in one month, reaching nearly $190 billion and capturing about 60% of the stablecoin market. Meanwhile, competitors like USDC, PYUSD, and USDe lost a combined $4.2 billion, reflecting a market...
Tether has filed trademarks in South Korea for potential KRW-backed stablecoins named KRWT and WONTETHER, signaling a possible expansion into the Korean market. Meanwhile, Tether gained full control of Twenty One Capital, a major Bitcoin treasury hol...
A transfer of 30 million USDT to a Binance wallet was detected on-chain, attracting attention as it may indicate preparation for significant trading activity. While such large stablecoin inflows often suggest potential buying power for cryptocurrenci...
Cryptocurrency markets display varied price changes, with Bitcoin trading above $77,300, up 1.12%, and Ethereum around $2,133, up 1.19%. Several altcoins such as Zcash (ZEC) and LIT have seen significant gains of 11.67% and 28.11%, respectively. Thes...
Coins.ph has expanded its QR-code crypto payment network in the Philippines by adding Bitcoin (BTC) and Ethereum (ETH) support, joining Tether (USDT) in the system. This update integrates with QRPH, the country's standardized QR payment system, which...
