• Tether continues to grow despite cryptocurrency outflows

    Tether continues to grow despite cryptocurrency outflows0

    Tether is minting more coins to break the $60 billion market cap. A Tether executive noted that massive volatility on the Crypto market had always been associated with an uptick on stablecoin markets. Tether has become the world’s largest stablecoin by market capitalization. Elon Musk It continues to grow despite the record-breaking cryptocurrency outlaws triggered

    READ MORE
  • According to Federal Reserve, Governor United States must win the CBDC race.

    According to Federal Reserve, Governor United States must win the CBDC race.0

    The federal reserve governor has argued that the United States must be at the forefront of developing the central bank-issued digital currency. It is needed to bolster the role of the US dollar as a global reserve currency. Global Financial System On May 24th, Lael Brainard, the federal reserve governor, made an announcement. In the

    READ MORE
  • Centralized Stablecoins remained resilient.

    Centralized Stablecoins remained resilient.0

    Crypto crash sees that the centralized Stablecoins are retaining pegs while algorithmic tokens suffer. Two stable tokens are currently ranking among the top 10 crypto assets by market capitalization. Tether and USD are the presently ranked third and eighth crypto assets, respectively. CoinGecko. Moreover, they have maintained a solid grip on the dollar pegs despite

    READ MORE