As BUSD Dies, Tether’s USDT Soaks Up Another $1 Billion
With the fall of a top-three stablecoin, Tether is emerging as a clear winner.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Treasury’s New Stablecoin Rule Could Force US Exchanges to Delist Tether
Austin Campbell, founder of Zero Knowledge Group, said on the Bits + Bips podcast that Treasury’s newly proposed rules for the GEN...
What the Tether audit means for the crypto industry
In news that will shock anyone who’s been involved in the crypto industry for any significant amount of time, Tether announced las...
Metaplanet’s US Bitcoin treasury bet could unlock up to $3.4 billion, but there’s a catch
Metaplanet is set to take near-total control of Nasdaq-listed Super League Enterprise with a $134.6 million investment, while most...
Wall Street piled $1.2 billion into MSTR in Q2 before Strategy turned its Bitcoin flywheel toward rescuing STRC
Wall Street institutions increased their exposure to Strategy's MSTR in the second quarter, just before Michael Saylor’s Bitcoin a...
Ripple just scored two major institutional wins but XRP traders are bracing for a bigger move
On Aug. 18, Ripple deepened its push into traditional finance, securing a South Korean banking deal as its prime brokerage raised...
Visa Seeks New Stablecoin Settlement Partner After Mastercard Buys Payments Firm BVNK
Visa is taking bids for a new stablecoin settlement partner after Mastercard bought the firm that had been filling the role, accor...