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Tether stablecoin USDT is enjoying a near two-year high in market share amid heightened regulatory fears across crypto, after Circle's USDC shed almost $10 billion.

Following Bitcoin's 72 percent pump during the first quarter of the year, analysts forecast the bulls might be preparing for more gains in the second quarter. However, Bitcoin bulls have shown increased exhaustion around $28k, with a possible double top formation on the higher time frame.

USDC stablecoin has seen significant outflows, while Tether's USDT market share has reached a 22-month high.

In recent years, cryptocurrency adoption has gained significant momentum across various industries worldwide. One country that has been leading the charge is Cyprus, where Bitcoin (BTC) and Tether (USDT) have become popular payment methods for real estate transactions.

Amid the fallout of the Silicon Valley Bank this month, Circle's USDC stablecoin saw massive outflows which continue to date. The USDC stablecoin has lost 23% market share in less than a month's time.

Nansen data on March 30 shows that over $18 billion of USDT is held on Binance, the world's largest cryptocurrency exchange by user count and trading volumes. Binance Holding Over $18 Billion Of USDT At this pace, USDT constitutes the biggest share of assets held in the exchange, even exceeding other popular cryptocurrencies like Bitcoin and Ethereum.

Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.

With legal troubles hitting the blockchain ecosystem, investors again find themselves needing to tread carefully with cryptos.

Tether expects over $1 billion in Q1 revenue, but concerns about reserve guarantees persist amidst regulator pushback.

Important news for the crypto company Tether, which says it has about $1.6 billion in excess reserves to support its USDT stablecoin. Speaking of which, Tether's chief technology officer Paolo Ardoino believes USDT is becoming the safest asset to hold in the world during the banking crisis. Full details below.

Roughly two weeks have passed since USDC lost its USD peg due to SBV turmoil. A sizable reshuffling has occurred since then as many crypto users shifted their attention from USDC to other stablecoins.

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed.

Co-founder of BSV Craig Wright has slammed Tether in wake of recent SEC moves

Crypto-asset firm Tether claims it has approximately $1.6 billion in excess reserves in order to fully back the issuance of its USDT stablecoin.

Tether's chief technology officer (CTO) Paolo Ardoino in an interview with CNBC said that Bitcoin could retest its all-time high amid the current banking crisis. Bitcoin reached an all-time high above $69,000 on November 10, 2021, before embarking on a bearish trend that saw it test $15,000 towards the end of 2022.

Users of the Telegram messenger will now be able to send each other the leading stablecoin, tether (usdt), directly in the chats. The new option expands the list of cryptocurrencies available for purchase, sale, and trade in the messaging app. Tether Added to Wallet Bot in Telegram Messenger Support for transactions with the U.S.

Tether, the company behind the most widely used stablecoin, USDT, has announced that it expects to report a profit of $700m for Q1 2023

Tether CTO Paolo Ardoino recently shared his bullish outlook on Bitcoin during an interview with CNBC's Arjun Kharpal. As the cryptocurrency currently trades below $30,000, Ardoino believes it could “easily retest” its all-time high of slightly above $69,000, which was reached on November 10, 2021.

Tether's chief technology officer (CTO) Paolo Ardoino is expressing bullish sentiment on Bitcoin (BTC) as the flagship crypto asset sits below $30,000. Ardoino says in a new CNBC interview that Bitcoin could “easily retest” its all-time high of slightly above $69,000 reached in November of 2021.

Tether has expressed optimism about its profits in Q1, especially now that March is approaching its conclusion. The demand for USDT surged in during the quarterly period for numerous reasons but the road ahead might have some bumps.

Tether chief technical officer Paolo Ardoino stated at Paris blockchain Week 2023 that the cryptocurrency company, which is the issuer of stablecoin, intends to achieve a $700 million profit in the first quarter of 2023, matching the profits of the last quarter of 2022.

Tether is reportedly expecting another $700 million in Q1 profits, which would double down on its Q4 gains

Stablecoin issuer Tether (CRYPTO: USDT) projects a Q1 profit of $700 million, pushing its aggregate surplus reserves beyond $1 billion, according to the firm's CTO Paolo Ardoino. Tether is responsible for issuing the USDT stablecoin, which maintains a one-to-one relationship with the U.S. dollar.

The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter.