News with the tag "Stablecoin Market"

In a recent statement, European Central Bank (ECB) board member Piero Cipollone emphasized the necessity for Eurozone banks to adopt a digital euro in light of US President Donald Trump’s initiative to promote stablecoins. These cryptocurrencies, pegged to the US dollar, are part of a broader strate...

Ethereum layer-2 networks now lock over $13.5 billion in stablecoins, driving total market capitalization to $205 billion.

Stablecoin Market Hits $200B Record The stablecoin market has achieved a historic milestone, surpassing $200 billion in market value. This growth is fueled by an explosion in crypto trading, payments, and yield-generating products, according to data from CCData and DefiLlama. Tether’s USDT and Circl...

Binance and Circle established a strategic cooperation on Wednesday to increase adoption and utilization of the USDC stablecoin during an Abu Dhabi press conference. According to Fortune, the cooperation between Binance, the world’s largest cryptocurrency exchange, and Circle, which co-founded USDC ...

The stablecoin market has achieved a significant milestone, surpassing $200 billion in total market capitalization , according to data from CoinGecko . This marks a 13% increase over November, reflecting the growing adoption of stablecoins as a key asset in the cryptocurrency ecosystem. Analysts fro...

According to a Bloomberg report, crypto trading platform Robinhood and financial technology company Revolut are exploring the launch of their own stablecoins. The potential move from Robinhood and Revolut comes amid growing pressure from regulators in Europe, which could loosen the dominance of Teth...

BNB Chain will also create a liquidity pool to allow transfers from other chains as part of its efforts to grow its stablecoin ecosystem.

With a market cap of $2.24 Trillion, the crypto market hosts millions of cryptocurrencies with values varying from less than 1 to as high as hundreds of dollars. Moreover, there is a vast variety based on their characteristics, use cases, stability, and much more. One such category is stablecoins, w...

Over the past five days, the stablecoin market has continued its upward trend, increasing by $1.3 billion in value. The largest stablecoin network by market capitalization, tether (USDT), experienced an expansion of 820 million in supply during this period. Tether’s Supply Swells by 820M Amid $1.3B ...

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, th...