Though USDT and USDC still captured the largest market share, smaller stablecoins are trying to prove that they are backed by safer assets.
The changing trading patterns in USDT might be the result of China's recent crackdown on cryptocurrency mining and trading.
Possible criminal charges against Tether executives will put even more pressure on a product that the market is already cooling on.
Unlike past scares, Monday’s report of a Department of Justice investigation hasn’t shaken traders’ faith in the stablecoin.
Bitcoin and other cryptos rallied as Musk boosted bullish sentiment during The B Word conference.
Paxos's reserves consisted of only cash and U.S. Treasury bills.
Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.
Ahead of the crypto firm's public market debut via SPAC, here are the key considerations for potential investors, according to our columnist.
But challenges remain on financing and regulations.
“Our intention is to include greater reserves transparency” as the stablecoin operator goes public via a SPAC deal, Jeremy Allaire told CoinDesk TV Friday.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC.
The growth could be the result of traders looking for faster and cheaper transactions compared with Ethereum.