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Stablecoin News
Tether USDT Market Cap Hits $75 Billion, Dominating Stablecoin Market Share at 56.4%
Tether (USDT), the controversial stablecoin that has been subject to scrutiny by regulators and investors alike,…
TrueUSD Backer Archblock Shifts $1 Billion in Reserves to Capital Union Bank in the Bahamas
Archblock, the operator of the TrueUSD stablecoin, has transferred $1 billion in reserves to Capital Union Bank in…
Circle Announces Successful Clearing of USDC Minting and Redemption Backlog
On March 15, 2023, Circle announced that they have cleared most of the backlog of minting and redemption requests…
Circle CEO accesses $3.3B stuck with Silicon Valley Bank, but USDC sees record burn and $4.5B conversion requests since Mar. 10th
Circle, the stablecoin issuer, has finally gained access to its $3.3 billion funds held with the collapsed Silicon…
Tether Issues 2 Billion USDT, Market Watches Closely for Potential Impact
In the world of cryptocurrencies, stablecoins play a vital role in providing stability and mitigating volatility.…
Former Babel Finance Co-founder Flex Yang Launches HOPE, a Distributed Stablecoin with Crypto Reserves
FormeFormer Babel Finance co-founder Flex Yang has recently announced the launch of a new distributed stablecoin…
TrueUSD Pauses Minting and Redemption for Signature Bank Users, Banking Network Unaffected
Singapore-based Techteryx, the issuer of the stablecoin TrueUSD, has paused minting and redemption for its users…
Circle Announces Automated USDC Minting and Redemption Via New Banking Partners
Circle, a leading provider of stablecoins, announced that the USDC (USD Coin) stablecoin will resume operations on…
Record-Breaking $407.8 Million USDC Minted by Circle, as DAI Stablecoin Supply Also Surges
In the world of cryptocurrency, minting refers to the process of creating new coins or tokens. Recently, Nansen, a…
USDC Recovers from Peg Loss, Trades at $0.99 Amid Bank Failures
In a series of events that have rocked the cryptocurrency industry, Circle Internet Financial's $3.3 billion cash…