While bitcoin has been trending lower, Tuesday’s big winner in the markets are equities.
Tether, the oldest and largest stablecoin tied to the U.S dollar, has fallen below par value for the longest stretch since bitcoin dropped to 12-month lows in March.
Ledn is now offering USDC stablecoin savings accounts through a partnership with the crypto lending and trading conglomerate Genesis.
The value of assets for all stablecoins surpassed $10 billion as more cryptocurrency traders prefer alternative cryptocurrencies using dollar-backed digital tokens instead of bitcoin, according to Coin Metrics data.
Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique.
Ethereum’s transaction counts have surged by 72% since mid-February
Are stablecoins fully backed by reserves? Are they FDIC-insured? Stablecoins may be too good to be true, says our columnist.
Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications.
Ether is up more than 50 percent this year, outpacing bitcoin. Is this year's surge in stablecoin issuance playing a role?
Bitfinex and Tether CTO Paolo Ardoino says he hopes pToken – a project he has assisted – will make it easier for retail USDT holders to swap their tokens from one chain to another.
New research on issuances and flows of Tether and other stablecoins finds no systematic evidence that these assets drive cryptocurrency market movements.
The millions in tokens were later destroyed, painting a confusing picture of the attacker's motives.
With stablecoin announcements from China and Libra in the same week, the war over the future of money is reaching a new height, says our columnist.
Interest rates on dai deposits have spiked on DeFi platform Compound, another ripple effect of the global financial crisis.
The programmability of stablecoins will "change how we think about money itself," says cLabs' Marek Olszewski.