In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply.
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Tether’s transparency and business structure raises $118B FTX-like concerns
Tether’s market share has surpassed 75% of the entire stablecoin market, fueling concerns over the stablecoin giant’s influence over the crypto industry.
Read moreGoldman Sachs-backed BitGo introduces USDS rewarding stablecoin
BitGo’s USDS stablecoin will challenge major issuers like Circle and Tether, aiming to distribute up to 98% of earnings to network supporters.
Read moreBitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why
Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last.
Read moreUSDT on TON chain surpasses $1 billion: Token Terminal
Tether’s stablecoin continues to dominate rivals, including Circe’s U.S. Dollar Coin (USDC).
Read moreTether USDT’s market share rises 20%, reaching 75% in two years
The world’s largest stablecoin issuer generated around $400 million worth of revenue during the past 30 days.
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