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Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge

Bitcoin.com
Stablecoin Giant Tether Hits 0 Billion Market Cap Amidst Crypto Market’s Surge
Altcoin
Stablecoin Giant Tether Hits 0 Billion Market Cap Amidst Crypto Market’s SurgeAs the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billion tokens to its supply. From $300K to $100 Billion: Tether’s Meteoric Rise Tether (USDT), the top fiat-linked digital […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

Bitcoin.com
Tether Grows 2.3% as Stablecoin Economy Loses .4 Billion in Value Since March 31
Altcoins
Tether Grows 2.3% as Stablecoin Economy Loses .4 Billion in Value Since March 31While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time. Four […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

Bitcoin.com
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
Altcoins
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing SupplyAccording to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

Bitcoin.com
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below Billion Range
Altcoins
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below Billion RangeThe realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Stablecoin Economy Sheds Another $3 Billion in 44 Days

Bitcoin.com
Stablecoin Economy Sheds Another Billion in 44 Days
$3 Billion
Stablecoin Economy Sheds Another Billion in 44 DaysThe stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

Bitcoin.com
The Stablecoin Economy Shed Billion in 2022 After a Handful of Tokens Lost Their Peg
$28 billion erased
The Stablecoin Economy Shed Billion in 2022 After a Handful of Tokens Lost Their Peg2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month

Bitcoin.com
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
Altcoins
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last MonthWhile billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month, statistics show that 14.77% of the reduction took place […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

Bitcoin.com
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
Altcoins
Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 MonthsDuring the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its market cap lose more than 5% during the last 30 days. Tether’s market cap slipped from […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days

Bitcoin.com
Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days
Altcoins
Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 DaysWhile the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days. GUSD Sees Supply Balloon by Nearly 130% There’s been a number of changes within the stablecoin […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%

Bitcoin.com
Stablecoin Blues: Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
Altcoins
Stablecoin Blues: Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the […]
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Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

Bitcoin bottom in, now headed for a ‘slow grind higher’ — Arthur Hayes

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