Traders Shifting From USDT to USDC ! Here's Why

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 …

Timeline of Usd-coin, Tether

Tether CTO, Paolo Ardoino, has confirmed that the Tether website, tether.io, is currently suffering a DDOS attack. The post Tether confirms DDOS attack on tether.io appeared first on CryptoSlate.

A report from the Federal Reserve's board of governors argues that stablecoins pose a risk to financial stability. The post US Federal Reserve Says Stablecoin Poses Risk to Financial Stability, Tether's Dominance Quakes appeared first on BeInCrypto.

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.

After a steady drop in its price over the past few weeks, Tether continues to be at the center of the debate around stablecoins. Earlier this week, Tether market cap shrunk below the $70 billion level.

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, …

The company behind Tether (USDT) is pushing back on rumors about the reserves composition of the largest stablecoin by market capitalization. In a new statement, Tether denies claims that 85% of its commercial paper holdings are backed by Chinese or Asian commercial papers and are being traded at 30% off. “These rumors are completely false The post Tether (USDT) Issuer Says Rumors About Its Reserves Composition Are ‘Completely False' appeared first on The Daily Hodl.

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.

Investors recently sold over $1.6 billion of Tether (CRYPTO: USDT), dropping its market capitalization to $70 billion. What Happened: On the heels of a cryptocurrency crash, Tether saw an outflow of $1.6 billion of funds.

Cryptocurrency exchange AAX is kicking off “Crypto Summer” with fun-filled crypto trading events that aim to disperse the doom and gloom of the emerging “crypto winter” with the prospect of some tantalizing rewards.  The wider cryptocurrency market has been in a tailspin lately as the value of digital assets falls amid fears of rising inflation … Continued The post AAX to Share 1M USDT Rewards Through Fun “Crypto Summer” Events appeared first on BeInCrypto.