Visa reported a record $1.79 trillion in adjusted stablecoin transaction volume for June, surpassing the previous high from February. USDC dominated with 67% of the volume, mainly on Solana and Coinbase's Base network, reflecting growing adoption and preference for low-cost, fast transactions. The 63% month-over-month and 125% year-over-year growth highlight accelerating stablecoin use. Visa's data, filtering out non-organic activity, shows stablecoins are becoming a significant part of digital payments, with a 12-month cumulative volume of $10.2 trillion and a market cap over $322 billion.
In a recent 24-hour period, Pump.fun generated $1.98 million in protocol revenue, slightly surpassing Hyperliquid's $1.96 million. However, over a seven-day span, Hyperliquid led with $15.06 million compared to Pump.fun's $9.65 million. Tether and Ci...
Tether has frozen approximately $2.2 million in USDT connected to outflows from CoinDCX after the exchange admitted to losses caused by a failed process securing deposits sent to retired wallet addresses. The freeze specifically targets the USDT fund...
Papertrade generated $13.38 million in protocol revenue over seven days, ranking fifth among 10 protocols as of October 23. It trails behind Tether ($122.87M), Circle ($48.98M), Hyperliquid ($15.10M), and Pump ($14.71M). Papertrade offers synthetic p...
Tether has blacklisted several USDT wallets reportedly connected to abnormal outflows from CoinDCX, India's largest crypto exchange, freezing the funds at the smart-contract level. This move prevents any further transfers from those wallets and is pa...
The US Senate has launched an investigation into Tether, the issuer of the USDT stablecoin, over allegations it paid $6.3 million to a consulting firm linked to Bo Hines, a former White House crypto adviser. The payments were reportedly made through ...
