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Stablecoin Market

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply Shifts

FDUSD Supply Shrinks by 29% Amid Stablecoin Supply ShiftsThe 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 […]

Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip

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

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.”

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Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip

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

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. […]

Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip

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

Terra Proposal Seeks to Expand UST Stablecoin to 5 Different Defi ProtocolsOn 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 […]

Rich Dad Poor Dad Author Robert Kiyosaki Looking To Accumulate More Bitcoin (BTC) Amid Price Dip