Tag: stablecoins

The launch of USDC on Arbitrum will replace the currently circulating bridged version of USDC that comes from Ethereum.

Given the upcoming launch of the FedNow service, which aims to provide instantaneous payments and settlement, there is growing curiosity about how stablecoins will adapt and remain relevant.

Circle has announced that it will be launching the USDC stablecoin natively on Arbitrum on the 8th of June, 2023. According to the company, the move will replace the bridged…

The company expects to bring CCTP to Arbitrum after the launch of native USDC to eliminate withdrawal delays.

Specifically, activities include financial literacy tours at universities and a propaganda campaign that involved Yellow Cards brand ambassadors reaching out to individuals in the countries’ major cities.

Tether, the issuer of the widely used Tether (USDT) stablecoin, has announced a new all-time high in its market cap, exceeding the previous record of $83.2 billion set in May…

The result is a significant blow for Paxos as MakerDAO currently holds roughly half of USDP’s total supply.

The market capitalization of Tether’s USDT has surpassed the previous all-time high of $83.2 billion, according to a June 1 statement from the stablecoin issuer. Data from DeFillama showed that…

At a time when USDT is touching new market cap highs, the other stablecoins are struggling to keep their market dominance.

Tether, the industry’s largest stablecoin, officially achieved a new record in terms of market valuation on June 1.