USDC Is Taking the Lead From USDT in Daily Transactions

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.

Timeline of Usd-coin, Tether

Tether, the world's largest stablecoin with $68 billion in assets, will undertake a full audit with a top 12 accounting firm in order to improve transparency on its USDT reserves. The post Tether Prepares Full Audit to Improve USDT Reserves Transparency appeared first on BeInCrypto.

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.

Tether is slowly losing its market share and sits on a $68 billion market cap which is the lowest since 2021, down from the ATH of $83 billion as we can see more today in our latest Tether news. Since 2021, the stablecoin underwent a cascade of declines and according to the data from CoinGEcko,

The chief technology officer of stablecoin issuer Tether says the firm was hit with a ransom demand amid a distributed denial of service attack (DDoS). Tether executive Paolo Ardoino says that the company received a ransom note to stop the denial of service attacks, but highlights the assault was thwarted without any digital assets or The post Tether Faces Ransom Demand and Massive Denial of Service Attack, According to CTO Paolo Ardoino appeared first on The Daily Hodl.

In an interview, Paolo Ardoino, the CTO of Tether, stated that the company is embarking on a thorough audit to increase transparency over its $USDT assets. In order to increase transparency on $USDT holdings, a firm by the name of…

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.

Tether's CTO Paolo Ardoino on Monday said Tether (USDT) has survived short selling and redemptions amid the crypto market crash. Moreover, Paolo Ardoino believes Tether has always been more transparent about its reserves.

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.

Tether market capitalization was slashed by more than $10 billion in May due to the market crash that was led by the failure of UST of the Terra ecosystem. The post Tether Market Cap Slashed by More Than $10B in May  appeared first on BeInCrypto.