Tether (USDT) took a hit this week, with its market value dropping over 1%, now sitting at around $137.24 billion. This marks the largest drop in two years for the stablecoin. What's behind this shakeup in the world of stablecoins?
Tether’s profitability pushes banks towards stablecoins. European banks are gearing up to launch their own versions, aiming to capitalize on the booming market.
Ethena's yield-bearing stablecoin, USDE, has surged, reaching a market cap of $4.12 billion amid a growing interest in stablecoin investments during the bull market.
Stablecoin market has surpassed $176 billion, with Tether (USDT) and USD Coin (USDC) leading the growth. This indicates increasing traction and potential future impacts in the crypto sector.
Tether swaps $2 billion into Ethereum, highlighting its growing role in the stablecoin market.
Tether, issuer of USDT, is under U.S. government scrutiny in 19 cases over potential sanctions and anti-money laundering violations. Concerns include lack of transparency in reserves and links to illicit activities. This could significantly impact Tether and the stablecoin market due to USDT's global prominence.
The stablecoin market grew by $1.39 billion last week, primarily driven by USDT and USDC increases.
Liquity unveils new tokenomics for its second crypto-backed stablecoin, following the success of LUSD in the rapidly growing stablecoin market.
Tether (USDT) leads the stablecoin market with a $114 billion market cap, benefiting from growing institutional adoption. USDC is also recovering strongly after the SVB collapse and gaining market share.
Amidst a booming $165 billion stablecoin market, Ripple's potential launch of a USD-pegged stablecoin grabs attention. The company eyes a massive $2.8 trillion market by 2028, stirring competition among market players, including newcomers and industry giants like PayPal.
