The US dollar is the world’s most dominant currency, used for trade, investment, and savings across the globe. But the traditional financial system that supports the dollar is slow, costly, and inefficient. That’s why Circle, a leading fintech company, launched USDC in 2018, a stablecoin that combines the stability and trust of the dollar with…

Tether, the company behind the popular stablecoin USDT, has seen its market share in the stablecoin sector rise from 50% to an astonishing 71% over the course of 2023, according to data from CoinGecko. The latest development in Tether’s meteoric rise came on the evening of January 12, when the company printed an additional $1…

Tether, the world’s largest stablecoin issuer, has released its 2023 Q4 financial report, audited by BDO, a globally renowned independent auditing firm. The report shows that Tether achieved a net profit of $2.85 billion in the fourth quarter, and a full-year net profit of $6.2 billion in 2023. The report also reveals that Tether has increased its…