Fiat-Pegged Crypto Market Expands by $1.39B in Past Week, Led by USDT and USDC

September 16, 2024 Bitcoin.com

Fiat-Pegged Crypto Market Expands by .39B in Past Week, Led by USDT and USDC

Altcoins

Over the past week, the stablecoin market has expanded by $1.39 billion. Once again, tether (USDT) took the lead, with its supply increasing by 610 million USDT during the last seven days. Stablecoin Market Continues to Climb Though the pace has slowed, the stablecoin market keeps inching upward every week. On Sept. 7, the fiat-backed […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Stablecoin Market Expands: $2.21B Uptick in 8 Days Fueled by Tether’s Growth Spurt

August 18, 2024 Bitcoin.com

Stablecoin Market Expands: .21B Uptick in 8 Days Fueled by Tether’s Growth Spurt

Altcoins

The stablecoin market has been picking up speed lately, and between Aug. 9 and Aug. 18, 2024, it expanded by $2.21 billion. During this period, Tether’s supply ballooned by an additional 1.26 billion USDT. Stablecoin Boom: $2.21B Growth Driven by Tether and PYUSD Between Aug. 9 and Aug. 18, 2024, the stablecoin economy expanded by […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Stablecoin Market Sees PYUSD Supply Swell While USDE Shrinks With Redemptions

August 6, 2024 Bitcoin.com

Altcoins

Over the past 12 days, the stablecoin economy has maintained a similar value, yet the supply of dollar-pegged crypto assets PYUSD and USDE has experienced notable shifts. Over the last 22 days, Paypal’s PYUSD supply increased by more than 70%, while Ethena’s USDE saw an 8.82% decrease within the past 13 days. Ethena’s USDE Drops […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Stablecoin Market Expands by $1.52 Billion in 7 Days, Driven by USDT and USDC Growth

July 25, 2024 Bitcoin.com

Stablecoin Market Expands by .52 Billion in 7 Days, Driven by USDT and USDC Growth

Altcoins

The stablecoin economy is experiencing renewed growth. Over the past week, the market capitalization of all stablecoins increased by $1.52 billion. The growth over the past seven days was primarily driven by tether (USDT), the largest stablecoin by market valuation, with its supply expanding by 1.2 billion coins. Stablecoin Economy Sees Growth Again Over the […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Stablecoins to make up 10% of money in the next decade or so: Circle CEO

June 20, 2024 Coin Telegraph

Check Account

Circle CEO Jeremy Allaire revealed four of the biggest reasons he’s “more optimistic” about crypto and stablecoins than ever before.

Stablecoins could account for 10% of “global economic money” over the next ten years or more, according to stablecoin issuer Circle CEO Jeremy Allaire.

It’s arguably a bold claim, but Allaire pointed to several factors that could trigger an exponential expansion in stablecoin adoption over the next “10+ years.”

“Most of the world’s largest payments companies are actively using this technology and exploring how to expand their usage as the benefits of public chains and stablecoins become apparent to everyone,” Allaire explained in a June 19 X post.

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

May 26, 2024 Bitcoin.com

Altcoins

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Bitcoin to surge to $80K as stablecoins overtake Visa in 2024: Bitwise

December 14, 2023 Coin Telegraph

Bitcoin

Bitwise isn’t alone in its bullishness on stablecoins with Circle CEO Jeremy Allaire predicting the explosive growth of the sector due to a “huge appetite” for digital dollars.

Bitcoin is poised to record a new all-time high of $80,000 in 2024, the same year stablecoins are set to collectively settle more money than payments giant Visa, says a Bitwise senior research analyst.

In a Dec. 13 post to X (formerly Twitter), Bitwise’s Ryan Rasmussen outlined ten bullish predictions for the crypto industry in 2024, with one of the major themes being the explosive growth of the stablecoin industry.

According to Bitwise, stablecoins will be used to settle more volume than Visa payments volume, describing the dollar and other asset-pegged tokens as one of crypto’s most “killer apps.”

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

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

March 26, 2023 Bitcoin.com

Altcoins

According 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. […]

SEC Push Against Elon Musk Stalls as Judge Denies Sanctions

Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi Protocols

January 10, 2022 Bitcoin.com

Astroport

On January 6, Terra Research announced a proposal to expand the network’s stablecoin asset terrausd (UST) across a number of different protocols on Polygon, Ethereum, and Solana. Terra’s governance blog post discusses how the proposal to leverage $139 million of UST can bolster “awesome use-cases” in the world of decentralized finance (defi). Terra Research Proposes […]

Stablecoin Market

Share this video