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The company behind the largest stablecoin by market cap will launch another such asset pegged to the British Pound.

Amid the crypto market turmoil, stablecoin issuer Tether continues to expand its market presence. The world's largest stablecoin operator is now looking to enter the British market with a new stablecoin GBP₮, pegged to the British Sterling Pound.

Dubbed GBPT, the stablecoin will initially be available on the Ethereum blockchain. The post Tether is launching a British pound-pegged stablecoin appeared first on The Block.

At least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin's dominance is coming to an end.

Investors pulled out about roughly $1.6 billion this week from Tether's dollar-pegged USDT stablecoin, according to price tracker CoinGecko. “The Hash” group discusses the outlook for the stablecoin market after the Terra's UST meltdown.

Tether's market cap has dropped by 19% since the start of May, while USDC's has climbed by 5%.

New updates to the Stablecoin market and the rest of the cryptocurrency ecosystem are released daily. Things changed quickly, particularly after TerraUSD [UST] entered the scene only to crash and burn.

William Quigley, Worldwide Asset Exchange founder, joins 'Squawk on the Street' to discuss the crypto market.

Coinspeaker Tether Burning $11.1 Billion USDT Stablecoins

Tether, the world's largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency on its USDT reserves. The post Tether Prepares Full Audit to Improve USDT Reserves Transparency appeared first on BeInCrypto.

The stablecoin market, like the rest of the cryptocurrency ecosystem, continues to see new updates every day. Things changed rapidly, especially after TerraUSD [UST] came into the picture only to crash and burn.

Tether is slowly losing its market share and sits on a $68 billion market cap which is the lowest since 2021, down from the ATH of $83 billion as we can see more today in our latest Tether news. Since 2021, the stablecoin underwent a cascade of declines and according to the data from CoinGEcko, […]

The chief technology officer of stablecoin issuer Tether says the firm was hit with a ransom demand amid a distributed denial of service attack (DDoS). Tether executive Paolo Ardoino says that the company received a ransom note to stop the denial of service attacks, but highlights the assault was thwarted without any digital assets or […] The post Tether Faces Ransom Demand and Massive Denial of Service Attack, According to CTO Paolo Ardoino appeared first on The Daily Hodl.

In an interview, Paolo Ardoino, the CTO of Tether, stated that the company is embarking on a thorough audit to increase transparency over its $USDT assets. In order to increase transparency on $USDT holdings, a firm by the name of…

Tether seeks to reassure markets during difficult period

Tether's CTO Paolo Ardoino on Monday said Tether (USDT) has survived short selling and redemptions amid the crypto market crash. Moreover, Paolo Ardoino believes Tether has always been more transparent about its reserves.

Circle's stablecoin USDC has overtaken Tether's USDT for the first time in the number of daily transactions on Ethereum, Nansen.AI CEO Alex Svanevik highlighted on Twitter. This news is the latest in a series of bad events for Tether.

The market value of stablecoins has been rising steadily in recent months. Amid a broader crypto market collapse, stablecoins gained further market share and now hold more than 15% of the total crypto market capitalization.

The Tether (USDT) stablecoin is set to carry out an audit with a top 12 firm in order to provide.

No consequences for USDT, despite a website slowdown

USDT has surpassed Ethereum-based USDT by the number of transactions

Tether market capitalization was slashed by more than $10 billion in May due to the market crash that was led by the failure of UST of the Terra ecosystem. The post Tether Market Cap Slashed by More Than $10B in May  appeared first on BeInCrypto.

Catch up on the latest crypto market news at The Currency Analytics. Tether (USDT) supporters are spreading the message of “There is no second best stable coin.

Even as rival stablecoins gains more and more market value, Tether continues to be the king of stablecoin. But the question is - for how long?