Tether Launches US Stablecoin Market Surges
Tether launches $USAT in the U.S. under GENIUS Act compliance, appoints Bo Hines to lead, remains private with $13.7B profit last year. #Update #Crypto $USDT
Stablecoins
Related to cryptocurrencies pegged to stable assets like fiat currencies or gold to reduce volatility.
Stablecoin Pile Surges to $7.6B on Exchanges
Cryptoquant reports $7.6B in stablecoin deposits to exchanges as traders prepare for expected Fed rate cut. #Update #Crypto $USDT
Bitwise Launches Stablecoin Tokenization ETF
@BitwiseInvest files for a Stablecoin & Tokenization ETF, aiming to offer diversified exposure by investing in both traditional stocks and crypto assets. #Update #Crypto
Stablecoin Adoption Stalls for 90% of Institutions
A majority of financial institutions not using stablecoins plan to adopt them within 6-12 months, driven by lower costs and faster payments, as per an EY-Parthenon survey. #Update #Crypto $USDC
Tether Aids Police in Recovering $460K USDT
@Tether collaborates with the Royal Canadian Mounted Police to recover $460,000 USDT from a scam. The firm has frozen over $3.2 billion USDT globally in crime-fighting efforts. #Update #Crypto $USDT
Stablecoin ETF Launches Ahead of Thanksgiving
@Bitwise filed a prospectus for a stablecoin and tokenization ETF on Sept. 16, targeting a Thanksgiving launch, aiming to capture growing institutional interest in stablecoins and asset tokenization. #Update #Crypto $USDC
Crypto Lender Maple Launches Tether-Backed Plasma
@MapleFinance launches syrupUSDT on Plasma, enabling deposits in a yield-generating vault ahead of the mainnet launch. The move aims to enhance liquidity and reach $5B AUM by 2025. #Update #Crypto $USDT
Stablecoin Market Set to Hit Trillions
Goldman Sachs forecasts the stablecoin market could grow from $271 billion to trillions, with USDC expected to gain 40% annually by 2027, potentially impacting U.S. debt demand. #Update #Crypto $USDC
USDT Seizure DOJ Targets $500K Iran Wallet
The U.S. DOJ seeks to seize $584,741 in $USDT from Iranian national Mohammad Abedini, linked to military drone tech. The funds are in an unhosted wallet. Legal
Tether Launches USAT Stablecoin in USA
Tether announces USAT, a U.S.-specific stablecoin led by former White House executive Bo Hines, aiming to comply with new laws and expand its American presence. #Update #Crypto $USDT
Stablecoin Market Surges to $290B Peak
Stablecoin market nears $290 billion, currently at $289.40 billion, with a $2.733 billion increase in seven days; Tether’s share declines. #Update #Crypto $USDT
Aave Launches Horizon for RWA Stablecoin Loans
Aave Labs launches Horizon, a platform for institutional borrowing in stablecoins against tokenized real-world assets, initially supporting $USDC, $RLUSD, and $GHO. #Update #Crypto $AAVE
Stablecoin Liquidity Surges to Record High
Stablecoin liquidity hits an all-time high, underscoring its role as a key infrastructure for crypto trading and transactions. #Update #Crypto Stablecoin
USDH Stablecoin Race Heats Up Fast
@Hyperliquid is set for a validator vote on Sunday to select the issuer of its first stablecoin, USDH, with @NativeMarkets currently favored at 96% odds. #Update #Crypto $HYPE