Cryptocurrency traders often face challenges with the high volatility of cryptocurrencies. Stablecoins like USDC and USDT provide stability and enable usage for various purposes. Understanding the differences between these stablecoins helps determine which is better suited based on factors like backing, regulation, adoption, and risk.
DEGAMEFI, the leading web3 community in the Commonwealth of Independent States, will host the largest annual web3 conference in the Caucasus region.
The Cosmos DeFi ecosystem takes a significant leap forward as Tether’s USDt is successfully introduced, enhancing liquidity, security, and transparency on Cosmos through Kava.
Kava (KAVA) is set to be added to Tether Limited’s roster of supported blockchains, providing access to USDT liquidity on Cosmos (ATOM) ecosystem, with the initial USDT based on Kava set to be created on July 3, 2023.
On June 15, the value of the USDT stablecoin issued by Tether experienced a slight deviation from its pegged value to the US dollar, which was attributed to an imbalance in the Curve 3pool.
Tether’s USDT stablecoin reclaims record market cap of $83.2 billion despite stablecoin market decline and loss of $18 billion due to market downturn and Terra blockchain project collapse.
Strike, a Bitcoin payments firm and remittance application, has declared the integration of Tether’s USDT, the largest stablecoin globally. This recent development follows Strike’s extension into 65 more countries and the launch of a new app design that supports USDT, which was unveiled at Bitcoin in 2023.
A recent exploit in Yearn Finance has resulted in hackers generating a massive amount of 1 quadrillion yUSDT, which is worth $11.6 million. This incident highlights the need for robust security measures to prevent such attacks in the future.
Tether is emerging as the clear winner following the fall of a top-three stablecoin.
ATM users in Brazil will soon be able to convert Brazilian reals to USDT and vice versa, as well as send their USDT anywhere in the world, in real time.
