Stablecoin
DAI Supply Continues to Surge: 24% Increase in Over Two Months
DAI supply surged 24% in two months, from 4.42 billion to 5.48 billion on May 12. The surge is primarily fueled by the popularity of…
Coins.ph to Trial Stablecoin in Philippines’ Remittance Market, Here’s Why
Approval of Coins.ph's stablecoin trial signals the Philippines' openness to blockchain innovation. PHPC could enhance remittance efficiency, benefiting both senders and recipients. Amidst regulatory changes,…
I wasn’t attacking Tether,’ Ripple CEO Clarifies Statement on USDT
Tether CEO Paolo Ardoino called Ripple’s Brad Garlinghouse an “uninformed CEO.” Ripple's CEO recently said that the US authorities are coming after USDT. Garlinghouse noted…
Tether Attacks Ripple CEO Over USDt FUD, Calls Him “Uninformed CEO”
Tether CEO refutes Ripple CEO's claims of USDt being targeted by U.S. Tether defends USDt's role as a stablecoin for the unbanked and highlights its…
Only 14% of Stablecoins Survive, Says Deutsche Bank Research Report
Deutsche Bank Research analysts recently released a paper on stablecoins launched since 1800. The analysts conclude that most pegged coins failed, with only 14% surviving.…
Are Stablecoins the Future of Payments? New Study Raises Doubts
Over 90% of stablecoin activity comes from bots and traders, not everyday payments. Lack of user-friendliness is a major barrier to wider adoption of stablecoins.…
Ethereum Breaks Stablecoin Volume Records in April
Ethereum witnessed a record-breaking month for stablecoin volume in April. Stablecoin DAI accounted for the majority of the on-chain volume. One notable transaction involving DAI…
There is “A Lot of Noise” in the Widespread Stablecoin Data – Visa
According to Cuy Sheffield, Visa has created a dashboard for accurate stablecoins analysis. Sheffield thinks there is “a lot of noise” in the widespread stablecoins…
Tether Sets New Record With $4.52 Billion Net Profit in Q1 2024
Tether has reported a record-breaking return for Q1 2024. The firm noted that its net profit hit a record high of $4.52 billion in Q1…
Circle’s USDC Takes the Lead in Stablecoin Transactions
Visa's data shows Circle's USDC surpassing Tether's USDT in transaction volume since the start of 2024. USDC transacted $456 billion over the past week, capturing…
