The creator of the U.S. dollar-pegged stablecoin USDC, Circle, has stated that increased competition in the stablecoin market is likely to put pressure.
According to the cryptocurrency statistics dashboard Glassnode, the amount of stablecoin USD Coin (USDC) supply held by the top 1% of addresses fell.
Tether has expanded its reach in the crypto sector by launching its USDT stablecoin on Polygon (previously Matic Network). After Ethereum, Solana, Avalanche,.
According to inventor Justin Sun, TRON wants to introduce its own algorithmic stablecoin named USDD, or decentralized USD, on May 5. The 31-year-old.
Bloomberg reports that Meta is looking to sell its Diem stablecoin project. The monies will be used by the company to repay investors.
Circle’s USD Coin (USDC) has surpassed Tether (USDT) in total supply on the Ethereum network, marking a huge milestone. As of this writing,.
The Hong Kong Monetary Authority (HKMA), Hong Kong’s central bank. It has launched a survey to measure public opinion on crypto-asset and stablecoin.
PayPal Holdings, an American fintech behemoth, has apparently confirmed its intention to establish its own stablecoin, PayPal Coin. Developer Steve Moser first spotted.
Rune Christensen, one of the co-founders of the company that created and developed DAI, a decentralized stablecoin, has singled out two competitors. Christensen.
The demand of Tether gold-backed stablecoin has risen up in demand. It was valued at $1,902 on July 24. The price has put.