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USDC dominance dropping on Ethereum since the beginning of the year: stablecoin suffers advance of Tether (USDT)

en.cryptonomist.ch

Since the beginning of the year, Circle and its USDC stablecoin have seen a decrease in dominance on the Ethereum blockchain reflecting a downsizing for the cryptocurrency pegged to the value of the dollar.

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Bitcoin ETH
$ 3014.82
Bitcoin USDC
$ 0.9998

Timeline of Ethereum, Usd-coin, Tether


Ethereum Handled Friend.tech Frenzy Without 'Gas Fee' Spike. Why That's a Big Deal - Coindesk

Friend.tech, Crypto's latest fad, didn't drive up congestion and fees on Ethereum the way frenzies have in the past – possibly a sign that the blockchain's efforts to scale by fostering supplemental "layer-2" networks, like Coinbase's new Base, are bearing fruit.


Ethereum Price Prediction for 2023, 2024, 2025, 2030 and Beyond - NewsBTC

Ethereum has rapidly become the second most valuable cryptocurrency after Bitcoin. With its recent transition to a proof-of-stake consensus model and its expanded capabilities, Ethereum's future looks bright.


Ethereum Tops $1,700 Following Economic Data; Stacks Emerges As Top Gainer - Benzinga

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $27,000 level on Wednesday. Ethereum (CRYPTO: ETH), also recorded gains, trading above the key $1,700 mark this morning.


USDC To Launch On Base Network - Crypto Daily

Circle CEO Jeremy Allaire has announced that its USDC stablecoin will launch natively on the Base Network next week. A New Home For USDC Circle CEO Jeremy Allaire has revealed that the USDC stablecoin will soon find its native home on the Base Network, with the launch scheduled for next week.


Tether, the issuer of the USDT stablecoin, is collaborating with private bank Britannia Bank & Trust for dollar transfers - The Cryptonomist

In a strategic move that underscores the changing dynamics of the stablecoin landscape, Tether, the issuer of the world's largest USDT stablecoin, has formed an alliance with private bank Britannia Bank & Trust.


Just-In: End Of “Goerli” As Ethereum Clients Release Updates For Holesky Testnet - Coingape

Ethereum client Nethermind on Wednesday said it has released an update for validators clients and node operators to effectively update to the upcoming Holesky testnet. Meanwhile, Ethereum clients have started offering updates in response to the Holesky testnet launch on September 15, which marks a significant step in Ethereum's evolution.


ETH Price Prediction As Surprise Rally Breaks $1,700, Climbing $2k Next? - Coingape

ETH price reacted to Grayscale Investments' triumph over the Securities and Exchange Commission (SEC) on Tuesday, climbing from support at $1,630 to highs above the resistance at $1,700. A new weekly high was achieved at $1,740 before the momentum waned allowing the ongoing retracement at $1,715.


Tether Partners With Bahamas-Based Britannia Bank - Crypto Daily

In light of several U.S.-based banks severing their crypto ties, stablecoin issuer Tether has partnered up with Bahamas-based private bank Britannia for dollar transfer processing. Tether Turns To Bahamas For Banking Needs According to the latest reports, Tether has integrated the Britannia Bank & Trust Ltd.


Ethereum L2: Polygon Labs launches the “Chain Development Kit” (CDK) and ushers in the era of customizable zk blockchains - The Cryptonomist

Following on the heels of the goals set with Polygon 2.0, the Polygon Labs team expands its presence even further in the world of Ethereum-based zk blockchains by launching the Chain Development Kit (CDK).


Ethereum Whales and Sharks Continuously Shed ETH Holdings for Four Months Straight: Santiment - The Daily Hodl

Large holders of Ethereum (ETH) have displayed bearish behavior on the second-largest crypto asset by market cap since around April, according to Santiment. Santiment's director of marketing Brian Quinlivan says that addresses holding between 10 and 10,000 ETH turned bearish around April, a contrast to their bullish stance witnessed in the fourth quarter of 2022.

Bitcoin Bitcoin
66001.3000 6.90%
Ethereum Ethereum
3014.14000 4.41%
BNB BNB
582.380000 2.82%
Solana Solana
160.718000 12.50%
XRP XRP
0.51672300 3.29%