Non-empty wallets for stablecoins comparable to Circle’s USDC and Tether’s USDT have been on the rise for some time now as crypto costs have recovered for the reason that begin of the yr. This has come to a head because the non-empty wallets have grown double-digits in a really brief time. Whereas this might level … Read more
In a current report by Bloomberg, it has been revealed that greater than 90% of stablecoin transaction volumes don’t originate from real customers, in keeping with a brand new metric co-developed by Visa. Stablecoin Market Faces Information Actuality Visa and Allium Labs have created a dashboard designed to filter out transactions initiated by bots and … Read more
Stablecoin issuer Tether, a outstanding participant within the cryptocurrency market behind the broadly used USDT stablecoin, has launched its audit assertion for the primary quarter of 2024, accompanied by a report carried out by impartial accounting agency BDO. The report, which offers further monetary data past the reserves backing Tether’s fiat-denominated stablecoins, exhibits the corporate’s … Read more