Blockchain Cryptocurrency News Ripple Tether USD Coin

Tether (USDT) Overtakes XRP Yet Again, Exceeds $13.4 Billion Market Valuation

Over the past 24 hours, Tether stablecoin has overtaken Ripple’s XRP once again to become the world’s third-biggest cryptocurrency just behind ethereum (ETH) and bitcoin (BTC). Tether now boasts a staggering market valuation of over $13.4 billion. XRP Is Back To Fourth Place Earlier today, the cryptocurrency market registered a significant upsurge as almost every […]

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Cryptocurrency News USD Coin

DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows

Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched. Data from on-chain analytics firm, Flipside Crypto, reveals that members of the decentralized finance (DeFi) ecosystem are turning to USD Coin USDC in order to interact with DeFi protocols either by earning high-yield income on lending […]

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Tether
Cryptocurrency News Tether USD Coin

Analyst: it’s “scary” how much of DeFi runs on Tether and USD Coin

Decentralized finance (DeFi) has seen a massive explosion over recent weeks and months, reaching a total value locked of $7.13 billion according to DeFi Pulse. Crypto assets pertaining to the space have also reached a cumulative value of $13.35 billion. The irony is that much of the growth in decentralized finance has been spurred by […]

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Bitcoin
Bitcoin Cryptocurrency News Tether USD Coin

Analyst: Tether (USDT) may be doing more to skirt capital controls than Bitcoin

On Crypto Twitter and in the media, Bitcoin is touted as the one way through which anybody in the world can reliably skirt capital controls. As reported by CryptoSlate, as Hong Kong has become a volatile region due to political uncertainty, a narrative formed that said the wealthy were moving their capital out through BTC. […]

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