Metadoro: USDC is Gaining Strength to Outpace Tether

USD Coin from Circle, a technology company that develops peer-to-peer payments, is improving its positions as a leading stablecoin. Its market cap rose from $40 billion at the beginning of 2022 to almost $55 billion at the end of July.

Timeline of Usd-coin, Tether

Tether declares USDT short-selling as “flat out wrong” and said that the collapse of Terra was used by hedge funds as justification to short USDT, and claimed that hedge funds have fundamental misperceptions of the cryptocurrency market and Tether.

Tether, issuers of the USDT stablecoin, criticized hedge funds for shorting the cryptocurrency saying that the bearish bets have failed to pay off and are not worth the huge amount of fees brought on by the strategy. The post Tether to Hedge Funds Shorting USDT: Strategy Failed, ‘You Made no Profit' appeared first on BeInCrypto.

Stablecoins have become a major part of the cryptocurrency space over time, with Tether USD (USDT) and USD Coin (USDC) now being the two leading stablecoins by market capitalization. While both are fully collateralized stablecoins, their underlying business models and infrastructure differ.

The news was hailed as a historic event for South American football, but it could bring unexpected consequences for Argentinian club Banfield, amid local FX restrictions. This piece is part of CoinDesk's Sports Week.

The second biggest stablecoin by market cap, USDC, is expected to overtake USDT, according to analysts at Arcane Research. The post Research: USDC on track to flip USDT by Q3 to become leading stablecoin appeared first on CryptoSlate.

Tether reiterated that it holds no Chinese commercial paper and said that the spreading of false information is the biggest threat to the crypto industry today so let's read more today in our Tether latest news.

Binance cryptocurrency exchange has announced that its users can now deposit their Tether (USDT) stablecoins on the platform via the Tezos (XTZ) protocol. The integration comes barely one week after the USDT stablecoin went live on the Tezos blockchain.

Tether Holdings Ltd, the USDT stablecoin issuer, has once again rebutted growing rumours about the composition of its reserve base. The issuer said they have no Renminbi holdings on its reserve.

OKX has developed additional OKX Chain bridges that will provide smarter, more efficient and more affordable on-chain trading for usersUsers trading Tether tokens on OKC will not be charged any fees when they withdraw.

Stablecoin issuer Tether took to Twitter on July 27 to clarify that it holds no Chinese commercial paper (CP) on the back of industry rumors that continue to claim its portfolio in the vertical is backed by 85% Chinese or Asian commercial papers. The post Tether Hits Back at Critics; Clarifies Once Again That It Holds No Chinese CP as Reserves appeared first on BeInCrypto.