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Although cryptos had a strong run so far this year, the third U.S. bank failure clouded the narrative for digital assets.

Bitcoin (BTC) is on the verge of wrapping up April profitably as it maintains its value above $28,600. However, a metric has emerged that indicates a potentially bearish signal for the price of BTC and other cryptocurrencies.

Tether USDT's supply and dominance have returned to their highest level since Terra's UST collapse in May 2022.

Wu Blockchain has reported that Polygon's POS-based multichain lending protocol 0VIX has been hacked with a total loss of about $2 million.

Tether (CRYPTO: USDT) has become the leading stablecoin on the Polygon (CRYPTO: MATIC) network in the first quarter (Q1) of 2023 with a $735 million market cap, surpassing USD Coin (CRYPTO: USDC). Polygon's Q1 performance showcased consistent financial metrics, a stabilized DeFi ecosystem, and thriving NFT (non-fungible token) and gaming sectors, an analysis by cryptocurrency intelligence firm Messari revealed.

Crypto News: On April 26, Circle, the issuer of the USDC stablecoin officially announced the launch of a Cross-Chain Transfer Protocol (CCTP) that enables the transfer of USDC between Ethereum and Avalanche blockchains. Earlier, users of Avalanche who had USDC on Ethereum had to send their coins to a Circle partner or use a third-party bridge

Not only that, in this unfinished April alone, USDT's trading volume accounted for 79% of the total stablecoin volumes traded on centralized crypto-exchanges.

Blockchain technology has created a new world of investing, offering various ways to capitalize on its potential, including cryptocurrencies.

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time.

Although cryptos enjoyed an impressive performance this year, the recent pullback should give time for some reflection.

Tether (USDT), the biggest stablecoin by market capitalization and the third largest cryptocurrency, is almost ready to regain all of the market value it lost after algorithmic rival TerraUSD collapsed less than a year ago.

KuCoin, one of the largest cryptocurrency exchanges by net trading volume, held a KuCoin Spotlight Fiesta: A 1,000,000 USDT Rewards Pool to SUI Spotlight participants, the event took place between April 10, 2023 and May 12, 2023. The participants will be able to win various ‘Mystery Boxes' with lucrative bonuses for traders.

CoinsPaid has released its Q1 2023 report, stating that the number of Bitcoin (BTC) transactions on the platform are 62.5% compared to the rest of crypto assets. Therefore, Bitcoin is in the lead, followed by USDT and ETH.

Tether, the world's largest stablecoin by market capitalization, has bounced back from a turbulent year that saw its rivals collapse, its assets plunge and its regulatory scrutiny intensify. Today, Tether has almost recouped all of the market value it lost in the wake of the TerraUSD meltdown in May 2022, when a faulty algorithm triggered a massive sell-off of cryptocurrencies.

Bybit requires all users to complete at least Level 1 identity verification by May 8, 2023, in line with the trend toward compliance and regulation.

In a difficult historical environment for stablecoins given the tightening of international regulations, Tether and its flagship product USDT seem to be getting the better of other competitors in the sector.

USDT, the largest stablecoin in the crypto market, is once again approaching its all-time high market capitalization of $82 billion, which it briefly touched during the collapse of LUNA last year.

Kucoin users lost 22K in USDT after hackers hijacked that platform's Twitter account for nearly an hour on Monday.

USDT market cap reached new highs despite volatility in the crypto market. However, rising scams related to USDT raised concerns among traders.

Tether's stablecoin (USDT) market capitalization reached $81.5 billion on Thursday, its highest level since the Terra collapse in May 2022. The asset is now just $2 billion, shy of its all-time high of $83.4 billion, which it achieved on May 1 last year.

Tether's stablecoin (USDT) market capitalization hit $81.5 billion on Thursday, marking its highest point since Terra collapse in May 2022. It is currently $2 billion away from the asset's all-time high of $83.4 billion, set on May 1 last year.

Stablecoins witness a decline in market cap as overall interest in the sector started to decline. The aggregate supply of all stablecoins also fell.

Telegram users can now buy, sell, and send bitcoin, as the leading cryptocurrency has been integrated into the Wallet bot on the popular messaging application. The bitcoin support follows the wallet's recent tether integration, which enables users to transact with the stablecoin as well.

A massive amount of Tether (USDT), the most popular stablecoin in the crypto market, has been minted at Tether Treasury.