Research: USDT, USDC exchange balance going in opposite directions

Often an overlooked part of the cryptocurrency market, stablecoins can be used to determine the current state of the market. The post Research: USDT, USDC exchange balance going in opposite directions appeared first on CryptoSlate.

Timeline of Usd-coin, Tether

In yet another jolt to USDC, the second largest stablecoin, yet another crypto exchange is set to delist it. Earlier this month, top exchange Binance announced its plans to discontinue support for USDC transactions.

Since the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from ​​$171.37 billion to today's $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion since mid-July.

JPMorgan says Binance's decision to stop supporting USDC could make Tether even more important when it comes to trading.  The post JPMorgan: Binance's USDC move could increase importance of Tether in crypto trading appeared first on The Block.

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Tether launches USDT on NEAR blockchain as Kujira launches new soft-pegged stablecoin USK. The post Tether (USDT) Launches on NEAR as New Decentralized Rival USK Goes Live appeared first on BeInCrypto.

Stablecoin issuer Tether confirmed the launch of tokens (CRYPTO: USDT) pegged to the U.S. dollar on the NEAR protocol. The introduction of USDT on NEAR will contribute to increasing ecosystem stability and lessen the negative effects of market volatility on users.

Stablecoin issuer Tether announced the successful integration of the USDT stablecoin on NEAR protocol. The post Tether USDT launches on NEAR as protocol launches $100M Web3 fund appeared first on CryptoSlate.

The Binance Stablecoin (CRYPTO: BUSD) on Saturday surpassed the $20 billion market cap. In the overall crypto market, it stands at the sixth position and third among stablecoins by the market cap.

Circle [USDC] has kept Tether [USDT] on its toes in the stablecoin superiority fight since the start of 2022. However, the recent Binance decision to convert other stablecoins except for USDT to Binance USD [BUSD]  has dealt USDC's mission a big blow.

The federal judge presiding over the Tether class action has set a hearing to discuss requests made by parties involved to remove embattled law firm Roche Freedman from the case. The post Tether lawsuit judge sets hearing to discuss Roche Freedman concerns appeared first on The Block.