
Tron Overtakes Ethereum in USDT Supply After Massive $1B Mint
Tether has minted $1 billion of USDT on the Tron blockchain, pushing its authorized supply above Ethereum’s and marking a significant shift in stablecoin network dominance.
Tether has minted $1 billion of USDT on the Tron blockchain, pushing its authorized supply above Ethereum’s and marking a significant shift in stablecoin network dominance.
Atlanta-based Bitpay has introduced HODL Pay, allowing crypto holders to borrow stablecoins against their assets for everyday purchases without liquidating their long-term investments.
Copper integrates Circle’s USDC stablecoin for institutional trading, allowing secure off-exchange conversions and instant settlement while maintaining custody via ClearLoop technology.
Tether (USDT) has experienced an unusual price surge above its $1 peg, sparking market speculation. Analysts examine the potential causes including increased demand, market volatility, and liquidity dynamics.
Circle’s USD Coin (USDC) approaches $61 billion in circulation, signaling growing institutional adoption of regulated stablecoins. The expansion reflects increased crypto market activity and demand for dollar-pegged assets.
A recent report highlights that USD Coin (USDC) and Tether (USDT) continue to dominate the stablecoin market, accounting for the majority of trading volume and market capitalization. Their stability and widespread adoption make them key players in the crypto ecosystem.
As Bitcoin experiences a price drop, USDT (Tether) flows have surged, indicating increased buying pressure and potential accumulation by investors. This trend often precedes market rallies, suggesting a possible rebound for Bitcoin in the near future.
Japan is taking significant steps to integrate USDC, a leading stablecoin, into its financial ecosystem, signaling a shift toward digital currency adoption.
Amid ongoing concerns about its collateralization, Circle’s USDC stablecoin maintains a steady market cap, reflecting investor confidence. Analysts are closely monitoring its reserves and market performance for signs of stability or risk.
Tether’s treasury has minted an additional 1 billion USDT, a move that often precedes significant market activity. This issuance could indicate upcoming liquidity injections or increased trading demand in the cryptocurrency market.