Stablecoin Giant Tether Hits $100 Billion Market Cap Amidst Crypto Market’s Surge
As the cryptocurrency market swells to a valuation of $2.6 trillion, the leading stablecoin, tether, has achieved a market cap of $100 billion. Beginning from the start of 2024, tether has seen an addition of 8.27 billio...
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 Bitcoin NewsRelated market context
Chainalysis reports 43-fold surge in China’s P2P stablecoin wallets
China's P2P stablecoin surge highlights the resilience of decentralized finance, challenging regulatory control and reshaping econ...
Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin
Bitcoin Magazine Caitlin Long: Fiscal Dominance, Stablecoins & the Macro Case for Bitcoin Will tokenized bank deposits crowd out s...
Ripple Targets Turkey’s $200 Billion Crypto Market Amid Lira Pressure
Turkey’s large crypto market is creating opportunities for bank custody and dollar-backed stablecoins, according to Ripple. The co...
Stablecoin Development Corp price pumps for no reason
Stablecoin Development Corp, which has been trading around a minimal $50 million marketcap for months, has suddenly seen its price...
Tokenized stocks hit $3.96 billion in weekend DEX volume, up 106x since November
The surge in tokenized stock trading on DEXs highlights a shift towards decentralized finance, challenging traditional market stru...
Strategy Estimates a $20.9 Billion Q3 Bitcoin Gain, Reversing Its Second-Quarter Loss
Strategy expects to book a $20.91 billion gain on its bitcoin for the third quarter, three months after it recorded a loss. The co...