Posted by | February 27, 2024
Stablecoins Join The Crypto Bull Run With $140B Market Cap, Highest Since 2022

February has been an overall notable month for cryptocurrencies and the crypto industry. We’ve seen Bitcoin and Ether, the two largest cryptocurrencies by market capitalization, reach milestones not seen since...

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Posted by | February 16, 2024
Ether-Based Crypto Dollar Issuer Ethena Raises $14M, Opens Access to Public

Ethena Labs raised $14 million including from PayPal Ventures, Franklin Templeton, joining earlier investors Dragonfly, Arthur Hayes' Maelstrom and several derivatives exchanges. The company opened public access to its ether-based,...

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Posted by | February 16, 2024
A Statement Said Ethena Labs Raised Millions From Some Big Names. Then Chaos Ensued.

UPDATE (Feb. 16, 2023, 17:17 UTC) : This story has been revised to reflect that the original statement CoinDesk based its story on has been revised. Confusion surrounded an announcement...

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Posted by | January 31, 2024
Tether Sees Record-Breaking Profits, Largely Driven by Interest Payments From US Treasuries

Stablecoin issuer Tether’s latest attestation report reveals that the firm made record profits in Q4, mostly driven by interest payments from US treasuries. According to the report, Tether made $2.5...

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Posted by | January 30, 2024
Stablecoin Issuer Circle To Launch USDC Natively on Top of Celo Blockchain

Stablecoin-issuer Circle says it’s bringing USDC to the Celo (CELO) blockchain, according to a new press release from The Celo Foundation. The Celo protocol is an Ethereum Virtual Machine (EVM)...

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Posted by | January 24, 2024
Solana Unveils Token Extensions As SOL Bounces Back, Surging 5%

The Solana Foundation, a non-profit organization dedicated to decentralization, adoption, and security on the Solana network, has launched token extensions.   Solana Token Extensions Gains Traction According to a January 24...

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Posted by | January 21, 2024
Tether (USDT) Nears $100 Billion Market Cap After Printing More Than $10,000,000,000 in Three Months

Stablecoin issuer Tether (USDT) is nearing a $100 billion market cap after adding about $10 billion to its valuation during the last three months. According to new data from crypto...

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Posted by | January 18, 2024
Tether Now Holding at Least $2,821,269,600 in Bitcoin As BTC Accumulation Spree Continues, Says Quant Analyst

Stablecoin issuer Tether (USDT) is now holding at least $2.82 billion of Bitcoin (BTC) as the firm continues to scoop up the crypto king at a high rate. According to...

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Posted by | January 17, 2024
Stablecoins Remain Blockchain and Crypto’s ‘Killer App’ Amid Tech Advancements, Says Circle CEO Jeremy Allaire

Circle chief executive Jeremy Allaire thinks additional regulatory clarity will pave the way for increased stablecoin adoption in 2024. In a new interview with CNBC International TV, Allaire predicts that...

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Posted by | January 16, 2024
USDC Starts 2024 With A Bang, Market Share Is Up 2X: What’s Going On?

The crypto market is witnessing a remarkable resurgence of USDC, the second-largest stablecoin by market capitalization. According to Kaiko market data, USDC’s CEX volume market share has more than doubled...

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