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Stablecoin Surge: Tether's Headroom for Growth


The stablecoin already enjoys a dominant position in stablecoins and its integration with the TON (Telegram) network could boost it further, says Sylvia To, head of partnerships and token research at Bullish

Colombia’s Bancolombia Launches Crypto Exchange Wenia and Stablecoin COPW


Wenia, a new crypto exchange by Colombia's Bancolombia bank, launches with the COPW stablecoin, pegged to the Colombian peso. The platform allows trading in various cryptocurrencies, including Bitcoin, Ether, and Polygon. This development aligns with Colombia's rising prominence in Latin America's c...

RD Technologies partners with Chainlink for secure HKD stablecoin transfers


RD Technologies, a leading blockchain solutions provider, has partnered strategically with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration marks a significant milestone...

Cartier Jewelry Heir Busted for Laundering Money with Crypto


An heir to the Cartier empire was arrested last week by the US Justice Department (DoJ). He was accused of utilising Tether's USDT stablecoin to launder the proceeds of drug trafficking. The charges indicate a unique convergence of powerful individuals and cryptocurrency-related criminal...

DAI drives Ethereum stablecoin volume to record highs in April


In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data...

Study reveals bots and big traders dominate stablecoin transactions


A recent study has shed light on a startling trend within the cryptocurrency market, most transactions involving stablecoins are driven not by genuine users but by automated trading bots and large-scale traders. The findings, which raise questions about the true nature of stablecoin usage and...

USDT Stablecoin Supply on TON Blockchain Hits 130 Million in 2 Weeks


Since the introduction of USDT on the TON blockchain, the supply of this stablecoin has grown by over 70 million within just two weeks, totaling 130 million. While USDT operates across multiple blockchains, its presence on TON has positioned it as the eighth largest in terms of circulating supply....

Tether Q1 2024 Attestation Reveals Record $4.52 Billion Profits


Tether, one of the largest cryptocurrency companies, has recently released an attestation of its financial activity corresponding to Q1 2024. Tether registered a record-breaking $4.52 billion in profits, and disclosed its net equity levels, reporting $11.37 billion as of March 31, 2024. Tether...

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