Historic $200 Billion Milestone for Stablecoins Driven by High Onchain Yields
TL;DR The total market capitalization of stablecoins has surpassed $200 billion for the first time, driven by a 13% increase over the past month and...
usdc
Jito Surpasses USDC and Ethereum in 24-Hour Fees, Boosting Solana’s Onchain Activity
TL;DR Jito Surpasses USDC and Ethereum in Fees: Jito collected $4.16 million in fees within 24 hours, becoming the second-highest fee-collecting protocol globally, just behind...
Stablecoin Market Cap Hits Record $168 Billion
TL;DR Record Milestone: The stablecoin market cap has reached a historic $168 billion, marking 11 consecutive months of growth and surpassing the previous peak of...
Circle’s USDC Surpasses Tether’s USDT: A Shift in Stablecoin Preference
TL;DR Circle’s USDC Surpasses USDT: In April 2024, Circle’s USDC saw 166.6 million transactions, surpassing Tether’s USDT’s 163.6 million transactions. Over the past week, USDC...
Worldcoin Switches to Native Token Rewards for Eye-Scanning Operators
Worldcoin, a project that aims to distribute cryptocurrency to anyone with a smartphone and an eye, has announced that it will pay its Orb Operators...
Circle Launches Native USDC on Polygon
In a significant development, Circle, the issuer of the US dollar stablecoin (USDC), has announced the launch of native USDC tokens on Ethereum’s layer 2...
Circle USDC Modifies Stablecoin Reserves to Avert U.S. Debt Defaults
Circle, the issuer of the world’s second-largest stablecoin, USD Coin (USDC), has adjusted its reserves treasury to reduce exposure to potential United States debt defaults...
The Collapse of Silicon Valley Bank – A Chain of Events
In a recent development, the crypto friendly Silicon Valley Bank has collapsed, and the events surrounding it have unraveled rather swiftly. Apart from the temporary...
Coinbase Condemns Tether’s USDT, Urging Users to Switch to USDC
As worries about Tether’s USDT’s authenticity and reserves grow, Coinbase, one of the world’s leading cryptocurrency exchanges, has advised its customers to change to its...