Will USDT's 70% dominance affect Bitcoin, Ethereum? Assessing
Just as USDT reigns supreme among stablecoins, Bitcoin dominates the broader crypto landscape.
Keep up with what's happening in the crypto world in real-time.
Just as USDT reigns supreme among stablecoins, Bitcoin dominates the broader crypto landscape.
On August 21, leading stablecoin issuer Tether announced the launch of a stablecoin pegged to the United Arab Emirates dirham (AED). This innovative move is part of a strategic partnership with two prominent UAE-based companies, Phoenix Group PLC and Green Acorn Investments Ltd.
Blockchain data shows that stablecoin issuer Tether has minted over $33 billion in USDT over the last year. According to blockchain tracking firm Lookonchain, $33 billion in USDT has been minted on the Tron (TRX) and Ethereum (ETH) blockchains.
The total amount of USDT tokens minted in the last year by Tether has reached $33 billion. Tether may also mint USDT in advance of its formal issuance in order to have a steady supply.
Tether, the issuer of USDT, the largest dollar-pegged stablecoin in the crypto market, has announced the launch of its star product on Aptos, a scalable and rapid blockchain.
Tether, the issuer of the most capitalized stablecoin, minted $1 billion USDT tokens on Tron today, adding to a stockpile of prints this month.
TL;DR Tether issues $1 billion in USDT on Tron. Over the past year, Tether has issued $33 billion worth of USDT, spread across Tron and Ethereum. Tron issuance is in response to high demand and maintenance of USDT inventory.
The rise of Tron: dominance in the stablecoin market
Stablecoin issuer Tether has minted an additional USDT on the Tron network.
Stablecoin issuer Tether has minted another $1 billion worth of USDT tokens on the TRON blockchain, potentially boosting its market capitalization to $117 billion.
The crypto market has been facing a tough time, with altcoins experiencing a major drop. Since early March 2024, the total market value of altcoins has plunged from around $1.27 trillion to about $898 billion.
Tether mints $1 billion USDT on Tron, pushing its total tokens minted in the last year to 33 billion.
Tether has introduced USDT on the Aptos blockchain, aiming to reduce transaction costs significantly.
The largest stablecoin issuer, Tether, made headlines again by minting an additional $1 billion worth of USDT tokens on the TRON blockchain.
The firm behind the largest US dollar-pegged stablecoin by market cap will soon be launching on another layer-1 blockchain. According to a new announcement from Tether, USDT will soon be available on Aptos (APT), a high-speed Ethereum (ETH) rival blockchain built for scalability.
Tether has set up USDT on Aptos Blockchain to leverage its speed and scalability. The integration offers extremely reduced gas fees, making transactions cost-effective.
Tether- the issuer of the biggest stable coin USDT, dropped a huge announcement that's gonna make transactions dirt cheap and super efficient. Are you ready to learn how Tehter is going to do that, let's dive in.
Former President Donald Trump is reportedly choosing the CEO of Tether custodian Cantor Fitzgerald to lead his transition team.
Stablecoin issuer Tether Holdings is on track to launch USDT on Aptos in a bid to expand the reach of both protocols.
TL;DR Tether has announced the launch of USDT on the Aptos blockchain network, expanding access and utility for the stablecoin. Aptos has reached a record of 157 million transactions in a single day and over 170,000 active users.
Tether said it is expanding its USDT stablecoin to the layer-1 blockchain network Aptos, according to an Aug. 19 statement. This move furthers USDT presence across various blockchain networks, including Ethereum, Tron, Avalanche, Celo, and Solana.
USDT issuer Tether plans to integrate the stablecoin with the Aptos blockchain.
Tether disclosed that its dollar-pegged USDT stablecoin will soon be available on the layer-1 blockchain Aptos Network. In the stablecoin issuer's press release, it noted that it is part of its strategy to make USDT more accessible to crypto users.
USDT's market capitalization has hit $115 billion as it continued to command almost 70% of the stablecoin market share.