USDT

New-Data-Shows-USDC-To-Surpass-USDT-as-Top-Stablecoin
New Data Shows USDC To Surpass USDT as Top Stablecoin

Report from Arcane Research shows stablecoin USDC to be the top soon. USDC’s growth rate increased by 70%, while USDT is down by 28.7%. The CEO of Blockstream criticized the report, saying looking at market cap only is “highly misleading.” USDT (Tether) and USDC (USD Coin) are the two largest stablecoins right now. Both stablecoins have a combined share of over 80% of the total stablecoin supply in the market. Currently, Tether USDT is sitting at the top for it holds over 50% of the total stablecoin supply, followed by USDC which was nearly at 30%. However, a report from

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Cardano Price Moves Steadily Higher, ADA Believers Bullish
Huobi Bags 400M USDT, Is Crypto Pump Nearing?

According to Whale Alert Huobi received over $400 Million. Three transactions have been made in recent hours. Will the market experience pump? Recently, reports have suggested that $400 million worth of Tether (USDT) was transferred from an unknown wallet to Huobi, one of the world’s largest cryptocurrency exchanges. This has led many to believe that the market is about to experience a significant pump, as USDT is often used to buy Bitcoin and other cryptocurrencies when prices are low. According to the report, two of these transactions were from the same wallet address and occurred using TRON’s network. The first

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Tether Being Shorted by Hedge Funds, CEO Speaks Up

Paolo Ardoino said hedge funds are shorting USDT with the hopes of recreating TerraUSD’s demise. He asserts USDT is 100% backed by the company’s US dollar reserves. Leading US dollar-based stablecoins are still changing hands at $1 per piece. It appears the stablecoin crucible has still not ended with TerraUSD (UST), as Tether CEO Paolo Ardoino revealed that Tether USD (USDT) is now the next target of hedge funds. In the thread, Ardoino mentioned USDT/USD perpetual futures as one of the “tool” for the attack. Other strategies include short-selling of the borrowed USDT in the spot market, as well as

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Coinbase Adds Rival Binance’s Stablecoin BUSD Support
Coinbase Adds Support to Rival Binance’s BUSD

Coinbase has listed Binance’s US dollar-backed stablecoin BUSD on its platform. That makes BUSD the eighth stablecoin available on Coinbase. BUSD is the 4th largest stablecoin by market cap. Coinbase has listed its competitor Binance’s US dollar-backed stablecoin on its Ethereum network. BUSD will become the eighth stablecoin on Coinbase, alongside Tether (USDT), USD Coin (USDC), TerraUSD (UST), Dai (DAI), Paxos Standard (PAX), Rai Reflex Index (RAI), and mStable USD (MUSD). The Binance stablecoin project BUSD debuted in partnership with Paxos, the one responsible for the stablecoin’s reserves.  Coinbase and Binance have been strikingly clashing through social media in the

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Tether-Provides-Safe-Haven
Tether Provides Safe Haven Amid Bleeding Crypto Market

USDT became the go-to-place of crypto investors to avoid the bearish market. Investors maximize their profit by staking USDT. Tether (USDT) became the go-to-place of the crypto community to avoid the wild market swings of the bearish market. Consequently, USDT is now once again the most talked about digital asset in the crypto world as it continues to increase its market capitalization. The recent market crash due to a series of unfortunate events triggered the market cap surge of USDT. Furthermore, USDT provides not just a safe place for the crypto community but it also allows investors to earn. This

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