Bitcoin Blockchain and Cryptocurrency News Center
PayPal has confirmed it is exploring a stablecoin, the Cointelegraph reported. Here’s how experts see the potential impact of a PayPal Coin. PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone […]
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation, the Cointelegraph writes. The growth of stablecoin’s market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market […]
The 50 billionth USDT token has been minted, Tether has confirmed. The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday in a sign that the cryptocurrency bull market is still heating up. Tether Operations Limited confirmed the milestone on Monday, with roughly 50 billion USDT now reported to […]
Bitcoin price is back in the mid-$50,000 range, unable to push any lower despite bears best efforts and overheated technical indicators pointing to a potential trend reversal, the NewsBTC reported. However, several fundamental factors are proving to be too strong, and are setting the stage for the next leg up in the ongoing cryptocurrency bull […]
Bitcoin is trading only a couple thousand dollars below $50,000, but according to one crypto analyst, there’s over $1 billion in stablecoins waiting on the sidelines to push the leading cryptocurrency by market cap to a price of $100,000 per coin, within the next thirty to sixty days. Here’s why all this capital sitting on the sides […]
USD Coin continues to capture stablecoin market share, with Tether’s stable token dominance falling below 75% for the first time ever, the Cointelegraph reported. The sands are shifting in the stablecoin ecosystem, with Circle’s USD Coin quickly eating into the dominance of the sector’s leader, Tether. According to a Feb. 1 report from Glassnode, the amount of […]
According to a recent report published by Ethereum-oriented software engineering company ConsenSys, Tether (USDT) has the highest level of wealth distribution among the leading stablecoins. The top 100 whales hold 46.5 percent of the coin’s total volume, with the largest Tether accounting for 6.6 percent of all tokens. Stablecoin whales Since stablecoins are mostly used for trading, […]
As the global equities markets continue along their uncertain path, most major stablecoins are holding up to the “stable” part of name amid the worst global pandemic since 1918, the Coindesk writes. Cryptocurrencies have fallen to historic lows with most major assets trending at the same prices seen nearly a year ago, erasing most of […]
Stablecoins have the potential to temper the systemic threats posed by the United States dollar’s domination of global foreign currency reserves, according to an opinion piece published by the World Economic Forum (WEF). The argument was made by the Fusion Foundation’s John Liu and Lapa Capital’s Peter Lyons in an article published on the WEF’s Agenda on […]
UPDATE (Nov. 7, 2019, 16:55 UTC): The draft declaration, published online Wednesday evening, does not include any recommendations that the EU issue its own stablecoin. However, the document does leave the door open for the ECB and other central banks to “assess the costs and benefits of central bank digital currencies.”The European Union is taking a closer […]