Tether Introduces USDT0 to Enhance Blockchain Interoperability

January 17, 2025 Bitcoin.com

bitcoin.com

Tether has unveiled USDT0, a refined iteration of its stablecoin, crafted to foster greater interoperability and enable effortless transactions across multiple blockchain ecosystems. USDT0 Aims to Streamline Transfers Across Blockchain Networks The stablecoin company, which issues USDT, the largest fiat-pegged by market capitalization, announced that USDT0 aims to expand its capabilities to new blockchain environments. […]

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Former Binance.US chief raises $20M for stablecoin network

January 16, 2025 Coin Telegraph

Former Binance.US chief raises M for stablecoin network

Coin Telegraph

The stablecoin market, which is dominated by Tether and Circle, is worth more than $214 billion.

Layer-1 stablecoin payments network 1Money has raised more than $20 million in seed funding to further develop its digital payments infrastructure.

According to a Jan. 16 announcement, more than two dozen venture capital firms participated in the seed round, including F-Prime Capital, Galaxy Ventures, Hack VC, Tribe Capital, Kraken Ventures, KuCoin Ventures, BitGo Ventures, Bankless Ventures, MoonPay Ventures, Portage and Ethereal Ventures.

1Money said its protocol is developed solely for stablecoin payments using a patent-pending Byzantine consistent broadcast design.

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Largest ‘illicit online marketplace’ has grown 51% in 6 months: Elliptic

January 15, 2025 Coin Telegraph

Coin Telegraph

The world’s largest illicit online marketplace keeps growing following the launch of its own crypto products, according to Elliptic.

Huione Guarantee, which has been labeled as “the largest online illicit marketplace to have ever operated” by crypto compliance firm Elliptic, has grown its monthly inflows by 51% in just half a year — boosted by its own USD stablecoin launch in September.

“Our analysis shows that Huione Guarantee’s growth is accelerating, with over $24 billion in transactions to date,” reported Elliptic on Jan. 14.

In July, Elliptic alleged that Huione Guarantee operated an online marketplace with a substantial portion linked to money laundering and cyber scams.

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Circle’s USDC beats Tether USDT in market cap surge during 2024

January 14, 2025 Coin Telegraph

Circle

USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.

Circle’s USD Coin stablecoin outpaced all other stablecoins in terms of market capitalization growth in 2024, after a decline in 2023.

The circulation of USD Coin (USDC) grew 78% year-over-year, outpacing the growth rate of all global stablecoins, Circle said in its third annual State of the USDC Economy Report released on Jan. 14.

“The growth of USDC in 2024 can be attributed to a combination of factors: the maturing regulatory clarity across major markets, the scalability of blockchain infrastructure, and our relentless focus on trust, transparency and utility,” a spokesperson for Circle told Cointelegraph.

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Tether will relocate HQ to El Salvador after securing license

January 13, 2025 Coin Telegraph

Coin Telegraph

Tether is moving its operations from the British Virgin Islands to El Salvador after being granted a digital asset service provider license.

Stablecoin issuer Tether announced that it would move the company and its subsidiaries to El Salvador after it had secured an operating license in the Latin American nation.

In a Jan. 13 notice, Tether said it had acquired a license to operate in El Salvador as a digital asset service provider and stablecoin issuer. The company said it planned to relocate its headquarters and subsidiaries to El Salvador due to its “forward-thinking policies, favorable regulatory environment, and [...] growing Bitcoin-savvy community.”

“This decision is a natural progression for Tether as it allows us to build a new home, foster collaboration, and strengthen our focus on emerging markets,” said Tether CEO Paolo Ardoino, adding:

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Usual Money’s Protocol Changes Shake Staked USD0 and Governance Token Values

January 12, 2025 Bitcoin.com

bitcoin.com

The stablecoin usual usd (USD0) has experienced a $340 million contraction in its supply over the past four days. This decrease coincides with an 8% decline in the value of the project’s USD0++ token, the staking derivative of USD0. Redemption Policy Shift Sparks Decline in USD0++ Value Throughout this past week, notable developments have emerged […]

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Agora, Galaxy complete AUSD stablecoin’s first live transaction

January 8, 2025 Coin Telegraph

Agora

Agora’s AUSD is the latest entrant into the burgeoning stablecoin market.

Asset manager Galaxy and stablecoin issuer Agora completed the first over-the-counter transaction involving AUSD, Agora’s stablecoin, according to a Jan. 8 announcement.

“This trade marks the transition of AUSD from proof-of-concept to real-world application,” Nick van Eck, Agora’s CEO, said in a statement.

Agora’s AUSD is the latest stablecoin seeking to capture market share from incumbents, such as Circle’s USD Coin (USDC) and Tether’s USDt (USDT). It joins other relative newcomers such as Ethena’s USDe.

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Tether USDT’s market cap drop linked to ‘seasonal holiday lull’

January 6, 2025 Coin Telegraph

Bitcoin

Tether USDt’s trading has fallen $100 billion since mid-December, but it “may be premature to turn bearish,” according to Matrixport.

A recent multibillion-dollar decline in Tether USDt’s market capitalization and volumes is not enough to suggest a bearish turn on markets, according to the crypto financial services platform Matrixport.

Tether’s USDt (USDT) stablecoin has recorded a 2.8% market cap drop since peaking at $141 billion on Dec. 19, 2024, according to data from CoinGecko.

USDT trading has also seen a massive decline in the past few weeks, with daily volumes plummeting 64% from around $154 billion in mid-December to $55 billion on Jan. 6, 2025.

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USDC market cap is up 80% from 2023 lows

January 2, 2025 Coin Telegraph

Circle

The stablecoin is also more widely distributed across blockchain networks.

The circulating supply of Circle’s United States dollar-backed stablecoin USDC (USDC) has risen 80% from cyclical lows as onchain activity picks up, according to data from Blockworks Research.

As of Jan. 2, USDC’s circulating supply is approaching $44 billion, nearly double the 2023 low of less than $24 billion, according to CoinGecko.

Meanwhile, holdings are more evenly distributed among blockchain networks as users migrate beyond Ethereum, Blockworks’ data analytics manager, Dan Smith, said in a Jan. 2 post on the X platform.

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Tether Delisting ‘FUD’ Having Zero Effect on USDT Reserves, According to CryptoQuant CEO

January 2, 2025 The Daily Hodl

Altcoins

The CEO of digital asset analytics firm CryptoQuant is showing proof that demand for Tether (USDT) remains strong even as the largest stablecoin by market cap faces mass delisting. European crypto exchanges are pulling the plug on the dollar-pegged crypto asset to comply with the requirements of the Markets in Crypto Assets (MiCA) regulation that […]

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