Circle’s USDC Outpaces Tether in 2024 Market Cap Growth, Signaling Intensified Stablecoin Competition

Stablecoin issuer Circle reported a strong rebound for its USD Coin (USDC) in 2024, outpacing rival Tether’s (USDT) market capitalization growth and highlighting an intensifying race for leadership in the digital dollar space. 

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Circle’s USDC beats Tether USDT in market cap surge during 2024

USDC’s massive growth in 2024 marked the stablecoin’s steady recovery following a 45% market cap drop associated with the Silicon Valley Bank collapse in 2023.

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Compound lending platform adds Ethena’s USDe and Mantle’s mETH

Compound has added USDe and mETH tokens to boost DeFi options. Ethena’s USDe offers high yield and has witnessed rapid growth. Mantle’s mETH enhances staking and yielding on ETH. In a move to bolster its offerings, Compound Finance, one of Ethereum’s leading decentralized finance (DeFi) lending platforms, has integrated Ethena’s USDe stablecoin and Mantle’s mETH […] The post Compound lending platform adds Ethena’s USDe and Mantle’s mETH appeared first on CoinJournal.

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Solana leads weekly stablecoin growth: Surges above $5 Billion

Solana stablecoin marketcap jumps back above $5 billion, imitating the global stablecoin situation. SOL bears pullback, paving the way for slight weekly recovery. Solana [SOL] just concludedThe post Solana leads weekly stablecoin growth: Surges above $5 Billion appeared first on AMBCrypto.

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Ripple's RLUSD Stablecoin Explodes With 106% Growth in Volumes: Details

XRP/RLUSD pair attracted substantial volumes

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Coinbase’s 5 Predictions for The Crypto Market in 2025

Coinbase's 2025 forecast highlights crypto's future driven by stablecoin growth, pro-crypto regulations, and tokenized asset expansion. The post Coinbase’s 5 Predictions for The Crypto Market in 2025 appeared first on BeInCrypto.

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Best Coins to Join in December 2024 as Qubetics Prepares a 10% Price Hike, Tron Hits Record Highs, Ethereum Eyes Breakout

The cryptocurrency market is full of surprises, but some projects are taking the lead this December. Ethereum is showing steady growth as it edges closer to its anticipated breakout, while Tron is expanding its influence with impressive on-chain activity and rising stablecoin usage.

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Stablecoin payments infrastructure firm BVNK raises $50m series B round

BVNK, a stablecoin infrastructure platform founded in 2021, has announced it raised $50 million in its Series B funding round. The platform plans to use the funding to drive the next phase of its business growth, it said in a…

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Binance's stablecoin surge - Record inflows, BNB's price action, and more...

Binance exchange saw strong growth in stablecoin inflows, aiding in its market dominance A recap of BSC network activity and BNB's price action is worth highlighting too Binance's dominance The post Binance's stablecoin surge - Record inflows, BNB's price action, and more... appeared first on AMBCrypto.

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XRP to surge post-stablecoin launch; analysts reveal 3 coins with 250x potential in 2025

XRP set for massive growth with stablecoin launch; analysts eye 3 coins with 250x potential for early next year. #partnercontent

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sUSDe Surges With 27% APY, Driving Growth Across Pendle And Aave Ecosystems

With elevated funding rates and increasing demand for leverage, Ethena Labs’ stablecoin, sUSDe, has been delivering impressive returns exceeding 27% APY. This attractive yield has spurred significant growth in sUSDe’s circulating supply, which has more than doubled since October 2024.

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Stablecoin Market Cap Hits $200B Milestone, Could Double in 2025 as Adoption Accelerates

Asset manager Bitwise sees the stablecoin market growing to $400 billion next year, with U.S. legislation, fintech adoption and global payments driving the growth.

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Can NOW Wallet pump stablecoin growth to new heights?

Find out how NOW Wallet empowers users to seamlessly manage digital assets and access the global economy. #projectreview

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Stablecoin Issuer Circle Cuts 6% Workforce Amid Routine Operations Review

Circle reduces its workforce by 6%, aligning with its growth strategy in AI and global markets, while preparing for a potential IPO amid crypto challenges. The post Stablecoin Issuer Circle Cuts 6% Workforce Amid Routine Operations Review appeared first on BeInCrypto.

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Rising stablecoin adoption on Polkadot: Is it enough to drive DOT prices?

Polkadot sees strong stablecoin growth with USDC and USDT surpassing $120 million in value. Development activity remains low, limiting Polkadot’s ability to fully capitalize on stablecoin adoThe post Rising stablecoin adoption on Polkadot: Is it enough to drive DOT prices? appeared first on AMBCrypto.

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Stablecoin market reaches $190 billion as regulatory clarity looms under Trump

Stablecoin market growth hits $190 billion, driven by potential Trump-led regulatory clarity, global adoption, and Tether dominance. The post Stablecoin market reaches $190 billion as regulatory clarity looms under Trump appeared first on Crypto Briefing.

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BitGo appoints ex-Silvergate president to oversee reward-bearing stablecoin

BitGo has appointed Ben Reynolds, former president of Silvergate Bank, as managing director to lead its stablecoin USD Standard. Global crypto custodian firm BitGo announced Reynolds’ appointment to oversee the growth and global adoption of its recently launched USD Standard…

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Token2049 Highlights: Real World Assets And Stablecoin Growth Spark Industry Attention

Real World Assets (RWAs) have emerged as one of the most notable themes at Token2049, standing out among the 800 side events alongside AI. Renewed interest in RWAs surged following comments from BlackRock’s CEO, who suggested that all assets could eventually be tokenized.

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South Korea’s Cryptocurrency Market Sees Rapid Growth With Surge In Trading And Stablecoin Use

In the first half of 2024, the number of cryptocurrency investors in South Korea soared to 7.78 million, marking a 21% increase from the latter half of 2023, according to an official report. The average daily trading volume also saw a dramatic rise, jumping from $2.61 billion to an impressive […]

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US Treasury see stablecoins driving ‘structural demand’ for T-bills

Stablecoin growth may reshape T-bill demand, posing financial stability risks and necessitating robust collateral to prevent market disruptions. The post US Treasury see stablecoins driving ‘structural demand’ for T-bills appeared first on Crypto Briefing.

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Stablecoin issuers hold $120b in T-Bills: US Treasury

The United States Treasury reported that stablecoin adoption and crypto volatility could increase T-Bill demand as digital asset growth continues. The U.S. Treasury acknowledged a boom in blockchain use and cryptocurrency investment in its Fiscal Year 2024 Q4 report. Stablecoins,…

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Tether-backed Northern Data explores sale of crypto mining arm to boost AI growth

Northern Data AG is exploring the sale of its Peak Mining unit to refocus on artificial intelligence solutions. Northern Data, a German-listed crypto and artificial intelligence infrastructure company backed by stablecoin issuer Tether, announced on Monday that it is exploring…

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Ecosystem growth fuels Ethena rally, analysts eye 65% upside ahead

Ethena has broken out of a rare bullish pattern on the one-day charts and could see gains of over 65% from the current price. Over the last seven days, Ethena (ENA) — best known for the USDe stablecoin — rose…

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LATAM crypto update: Colombia’s rise, Mercado Libre’s Meli D’s stablecoin regulations

This week in LATAM’s cryptocurrency landscape, Colombia and Brazil are emerging as leaders with promising growth opportunities. According to the recent Geography of Cryptocurrency Report 2024 by Chainalysis, the region has seen a remarkable 42.

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USDT Popularity Soars As Tether Adds Over 36 Million Users in Q3 2024

Tether’s USDT, the largest crypto stablecoin, recently celebrated its 10th year in the industry. The company’s growth has been impressive, thanks to its steady user base, holdings that include $97 billion in US government bonds, and its plans to partner with US law enforcement agencies to strengthen its brand.

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Bitcoin-backed Hermetica secures $1.7m to expand stablecoin USDh

Hermetica, the company behind the Bitcoin-backed stablecoin USDh, has raised $1. 7 million in seed funding.   The funding will support the growth of USDh, a stablecoin designed to be backed by Bitcoin (BTC).

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Brazil’s stablecoin surge in 2024: transaction volumes outpace Bitcoin

Brazil’s stablecoin market is experiencing explosive growth, significantly outpacing Bitcoin in transaction volume on local exchanges. This surge reflects an increasing preference for stablecoins in B2B cross-border payments, driven by the need for stable US dollar exposure amid local currency fluctuations.

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Chainalysis: Stablecoins account for 70% of Brazil’s exchange outflows

Stablecoin transaction value on Brazil’s local exchanges has surged well beyond Bitcoin, reflecting a sharp rise in their use for B2B cross-border payments. Brazil‘s stablecoin market is thriving, as Latin America becomes the second-fastest-growing region with a year-over-year growth rate…

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$0.001 SHIB Price Outlook Lingers As Shiba Inu Team Reveals Stablecoin Plans Amid Shibarium Growth

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What is the U.S. dollar’s role in stablecoin ecosystems?

Stablecoins have seen explosive growth in the last four years, increasing from a $17. 6 billion market capitalization to $170. 6 billion. The number of holders has also skyrocketed from 3. 78 million to 119.

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Tether’s USDT hits 75% market share amid record exchange balances

Tether’s USDT stablecoin now controls more than 75% of the stablecoin market, marking a substantial increase from 55% in 2022, according to data released on Sept. 16. The growth reflects the increasing demand for USDT as a trusted intermediary between fiat currencies and digital assets.

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Tether’s $6.2 billion revenue in 2023 outpaces BlackRock: what’s driving this growth?

Tether, the world’s largest stablecoin issuer, reported a staggering $6. 2 billion in revenue for 2023, surpassing the $5. 5 billion earnings of global investment titan BlackRock. With only 100 employees compared to BlackRock’s 20,000, Tether’s extraordinary profitability highlights the growing impact of digital assets on traditional finance.

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TRON Monthly Report: August 2024 Sees Significant Growth In Fees, Revenue, And Market Activity

TRON has reported a strong performance for August 2024, with positive growth recorded across multiple metrics, including fees, revenue, and total earnings. The platform’s Total Value Locked (TVL) remained stable above the $8 billion mark, while USDT continues to dominate TRON’s stablecoin market cap, accounting for approximately 99% at $58.5 […]

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Paxos integrates with Arbitrum for institutional on-chain assets adoption

Paxos integrates with Arbitrum to expand institutional adoption of on-chain assets. The partnership enhances real-world asset tokenization using Arbitrum’s low-cost network. Paxos focuses on stablecoin growth post-SEC inquiry, driving long-term digital asset use.

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Aave Expands On Aptos As Whales Withdraw Millions Of $AAVE From Binance

DeFi continues to evolve with Aave’s recent expansion onto the Aptos blockchain, signaling a move beyond Ethereum Virtual Machine (EVM) compatibility. Aptos brings the promise of faster, cross-chain solutions tailored for high-performance transactions, setting the stage for Aave’s growth as stablecoin adoption gains momentum.

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USDC crosses $16 trillion in volume, driven by Solana’s market share

Circle’s USD Coin (USDC) stablecoin has crossed the $16 trillion mark in total cumulative volume. While this number falls short of traditional financial powerhouses like Visa, which processed over $12 trillion in payments just last year, it highlights the remarkable growth of stablecoins.

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PayPal's PYUSD stablecoin crosses $1B market cap - How Solana helped its rise

PayPal celebrates PYUSD’s important milestone of attaining the $1 billion market cap figure. A recap of how the Solana network was central in PYUSD's growth, and how it compares with EthereumThe post PayPal's PYUSD stablecoin crosses $1B market cap - How Solana helped its rise appeared first on AMBCrypto.

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Stablecoin Market Cap Reaches All-Time High of $168 Billion: Key Growth Drivers Revealed

The stablecoin market cap has hit $168 billion, driven by innovation, regulatory clarity, and rising institutional participation. The post Stablecoin Market Cap Reaches All-Time High of $168 Billion: Key Growth Drivers Revealed appeared first on BeInCrypto.

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PayPal's Stablecoin Hits $1B Market Cap as Incentives Boost Activity on Solana

The payments company's stablecoin entry was off to a slow start last year on Ethereum, but its recent expansion to the Solana blockchain reignited the token's growth.

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Tether’s USDT shines as stablecoin market cap hits new all-time highs of $168B

While the cryptocurrency market moves sideways with unclear direction, the stablecoin market displayed substantial growth. The latest data shows the value of all stablecoins has surpassed $168 billion, exceeding the March 2022 high of $167 billion.

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Stablecoin market cap hits new all-time high amid 11 months of growth

The stablecoin market cap, excluding algorithmic stablecoins, has reached $168 billion, its highest point in history. 

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$164 Billion: Tether (USDT) Drives Stablecoin Growth to 2-Year High

Major milestone reached by stablecoin market

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Tether stablecoin USDT records $5.2B H1 2024 profit - What it means for you

Tether's USDT maintained robust growth in Q2, contributing to a revenue push above $5 billion. We uncovered key areas that have been driving Tether’s numbers. Tether [USDT] recently discloThe post Tether stablecoin USDT records $5.

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Stablecoin growth soars as crypto global mass adoption ramps up

Steady growth in the market cap of many stablecoins highlights investors’ interest in all aspects of the crypto market.

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Tether Dominates Stablecoin Market As TRON Emerges As Key Infrastructure For USDT Transfers

Tether ($USDT) continues to reign supreme in the stablecoin market, with its market capitalization soaring to $112. 5 billion in July 2024, up from $66. 6 billion in January 2023. This remarkable growth highlights Tether’s sustained dominance in the sector.

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Tether USDT sees rapid $580 million growth on Telegram-linked TON blockchain

Tether’s USDT supply is growing at its fastest rate on the Telegram-linked The Open Network (TON) blockchain. According to Tether’s transparency page, the stablecoin issuer has issued $580 million worth of USDT tokens on the blockchain, and its net circulation sits at $519 million as of press time.

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Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’

Stablecoin issuer Paxos downsized its workforce by 20% despite robust finances and optimistic growth projections in the stablecoin market, Bloomberg reported on June 12. In an email that notified employees of the change, Paxos CEO Charles Cascarilla said the staff reduction will allow the company to “best execute on the massive opportunity ahead in tokenization […] The post Paxos cuts 20% of workforce amid strong financials due to ‘de-prioritizing adjacencies’ appeared first on CryptoSlate.

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ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight

ECB's rate cut to 3.75% could indirectly benefit Bitcoin and stablecoins in the Eurozone, as investors may turn to crypto for higher returns. The post ECB rate cut could spur Bitcoin and stablecoin growth in Eurozone, experts highlight appeared first on Crypto Briefing.

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BlockDAG’s Latest Keynote Spurs Growth as $30 Forecasts Strengthen Amid Bonk and PayPal Developments

Crypto adherents are gravitating towards BlockDAG (BDAG), bolstered by an impressive $40.8 million in presale funding following the success of its Keynote 2. As BlockDAG’s keynote video captures widespread attention, Bonk’s price forecast hints at potential record highs, and PayPal’s integration of a stablecoin on Solana promises to revolutionize transaction speeds and costs. BlockDAG’s presale […]

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