Battle Of The Stablecoins: USDC Transactions On Ethereum Surpass USDT

With the crypto market crash has come a renewed interest in the cover that stablecoins provide investors. As a result of this, crypto investors had flocked to stablecoins such as USDT, BUSD, USDC, etc, for this exact reason.

Timeline of Usd-coin

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.

USDC was one of the few digital currencies that was able to withstand the selling pressure that engulfed the market in May leading to a rise in one of the most used stablecoins. The post USDC Market Cap Soared More than $4 Billion in May 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.

Founder of the Daily Gwei newsletter, Anthony Sassano, claims that USDC accounts can be blocked. The post Circle CEO fails to dismiss allegations USDC users can be blocked appeared first on CryptoSlate.

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.

Glassnode, an on-chain data analytics platform, disclosed  today that USDC, the world's second largest stable coin, is gaining traction as crypto investors prefer it over USDT. This may be seen in the total number of supplies added to the coin in the last month alone. USDC had a market cap of $4.1 billion in January …

On-chain data analytics site Glassnode disclosed today that world's second largest stable coin USDC is gaining traction as crypto investors seem to prefer it over USDT. This is evidenced in the total number of supply the coin gained from last month alone.

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether's market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation

The most popular Stablecoin, Tether(USDT) currently, appears to be in a deep soup as the market cap after shrinking constantly has reached a 6-month low. On the other hand, the USD Coin (USDC) gained huge popularity while the volume is recording a massive jump in the past couple of days. Therefore with the present momentum, …

Circle, the issuer behind the USD Coin (USDC) stablecoin, will launch a new stablecoin that is backed by the Euro by the end of this month. The post USDC Issuer Circle is launching Euro Coin (EUROC), a new Euro-backed stablecoin appeared first on CryptoSlate.