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Ripples RLUSD stablecoin, backed by U.S. dollar deposits and operating on both Ethereum and XRP Ledger, enters the market as a competitor to USDC and USDT. With regulatory trust and global expansion plans, RLUSD targets institutional adoption for payments and liquidity.
The market valuation of tether (USDT) has now ballooned to a staggering $140 billion. On Dec. 16, this stablecoin's market cap makes up 3.75% of the colossal $3.73 trillion crypto universe.
The blockchain network has set a new record with $587.2 billion in USDT (Tether) transactions during November 2024. This milestone underscores the growing significance of stablecoins and their increasing usage across global markets.
Tron's stablecoin dominance has continued to surge in recent months, hitting a new all-time high. The influx of new crypto users and growing adoption has spurred the market to new levels.
Coinbase will restrict European users from trading certain stablecoins like Tether due to MiCA regulatory constraints.
In a latest development, Coinbase has announced plans to delist Tether (USDT) and five other stablecoins in Europe by December 13, citing compliance issues with the EU's Markets in Crypto-Assets (MiCA) framework. The exchange noted that it will continue supporting MiCA-compliant assets like USD Coin (USDC) and EURC.
Coinbase pointed out that USD Coin (USDC) and EUR Coin (EURC) are MiCA-compliant and will continue to be supported.
Tether (USDT), the leading stablecoin in the market, has added another billion dollars to its total supply, reaching a new milestone in the midst of the bull market of cryptocurrencies. In recent months, Tether has maintained an impressive pace of expansion, with 21 billion USDT minted in the last five weeks.
TL;DR Coinbase has delisted several stablecoins, including USDT, across its European platforms to comply with the EU's MiCA regulations, effective today. Affected stablecoins include USDT, PAX, PYUSD, GUSD, GYEN, and DAI, while USDC and EURC remain supported.
Tether (USDT) minted 21B new USDT since November 6, driving the latest Bitcoin (BTC) gains to $100,000 and above. The new USDT flows into exchanges through several leading market makers.
Ethereum's DeFi ecosystem gets a liquidity boost as Tether mints $20 billion in USDT, showcasing the network's rising dominance over Tron.
Coinbase said it will assess reenabling services for stablecoins that achieve MiCA compliance at a later date.
They are now enabling USDT deposits and withdrawals in several countries. This includes Argentina, Brazil, El Salvador, India, Kenya, Mexico, Nigeria, Togo, and Vietnam.
Earlier, there were rumours that the New York Department of Financial Services was seriously considering Ripple's request to launch the company's stablecoin, RLUSD. Marking an end to speculations, yesterday, Brad Garlinghouse, the CEO of Ripple Labs, confirmed that the company received approval from the NYDFS to launch RLUSD.
A look at the gap between USDT and USDC, as well as a recent development that could boost USDC in the coming months.
Circle will provide Binance with tech and liquidity to strengthen USDC adoption, aiming to challenge Tether's dominance.
CryptoQuant data has revealed new insights into the prevailing state of the Bitcoin market. The data points out that leverage in Bitcoin is easing, and the USDT balances held in exchanges are surging.
According to new on-chain data, Tether just minted USDT tokens worth $1 billion. The company has recently been minting in huge volumes, reporting record profits in Q3 2024.
As of the end of Q3 2024, Tether's USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders.
Tether secures Abu Dhabi approval, boosting its Middle East presence. Can this move help resolve its ongoing transparency controversies?
Circle's USDC is the world's second largest US dollar stablecoin, currently with one-third of Tether's USDT capitalization and circulating tokens. This scenario could soon shift as Circle announces a key partnership with the world's largest crypto exchange, Binance.
Tether (USDT), the world's largest stablecoin by market capitalization, continues to dominate the cryptocurrency landscape, reporting a staggering 109 million wallets holding USDT in its latest quarterly report. This figure not only exceeds the number of Bitcoin wallets but is fast approaching Ethereum's 128 million wallets, cementing USDT's position as the leading stablecoin in the crypto ecosystem.
Binance has formed a strategic partnership with Circle to integrate USD Coin (USDC) across its services, aiming to enhance accessibility and promote adoption. This collaboration also positions USDC as a key corporate treasury asset for Binance, according to an announcement on Dec. 11.
The Financial Services Regulatory Authority (FSRA) in the Abu Dhabi Global Market (ADGM) has approved Tether's USDT. It is now recognized as an Accepted Virtual Asset (AVA).
