Ethereum Network Sees Nearly $1B in USDT Mints – Fresh Liquidity Amid Market ...
The Ethereum network witnessed another major stablecoin issuance, with $991.9 million in ETH-backed USDT minted just hours ago, according to onchain data shared by analyst Maartunn. This large-scale mint by Tether comes at a crucial time, as both Ethereum (ETH) and Bitcoin (BTC) face growing pressure across the market. Related Reading: US Government Seizes 127,195 […]
Related News
Tether has just minted another 1 billion USDT, only hours ago, reigniting debate over stablecoin-driven liquidity flows across the crypto market. The mint comes at a crucial time — Bitcoin is struggling to reclaim higher levels after weeks of volatility, while altcoins continue to bleed as if a full-blown bear market were underway. These mints […]
Ethereum continues to assert its dominance in the crypto market as another USDT mint bolsters its position as the leading blockchain for stablecoin activity. While Tron has long competed for stablecoin market share, Ethereum remains the chain with the highest USDT supply, now holding an impressive $78.5 billion worth of Tether onchain. Related Reading: Bitcoin […]
A total of 2.97 billion aUSD erroneously minted were recovered after the glitch. After the mining failure involving its stablecoin aUSD, the Acala Network announced on Monday that it had resumed its operations following a referendum allowing LPs to withdraw liquidity from pools or unstake LP tokens.The community referendum for Stage 1 of resuming Acala operations has passed and been executed. LPs who choose to unstake LP tokens or withdraw liquidity on Acala now have the option to do so. https://t.co/yzvOz7zwxT— Acala (@AcalaNetwork) September 26, 2022 In August, a misconfiguration of the....
The remarkable change the TRON blockchain is going through confirms its strong presence in the cryptocurrency scene. Driven mostly by stablecoin transactions and a growing memecoin industry, recent data exposes a solid increase in network activity. Retail and institutional investors have drawn interest in the platform’s development from a basic blockchain to a multifaceted digital habitat. Related Reading: Final Dip? Dogecoin Correction Could Precede A Record Surge—Analyst Network’s Stablecoin Circulation Soars To Historic Highs Handling an impressive 60% of all transfers....
Tether, issuer of the USDT stablecoin, expects to report a net profit of $15 billion at the end of 2025. This projection comes amid a favorable crypto regulatory environment in the United States, driving interest in stablecoins and other digital assets. Related Reading: Tether Mints Another 1B USDT – $7B in Stablecoins Issued Since The […]