Tag: stablecoins
250 Million USDC Minting Event Recorded on Solana Blockchain
WhaleAlert reported a substantial transaction on the Solana blockchain involving the minting of 250,000,000 USDC tokens, equivalent to 249,470,000 USD, at the USDC Treasury. The transaction, timestamped Sun, 10 Mar 2024 22:06:37 UTC, underscores a significant infusion of stablecoins into circulation.
Tether Signs MOU With Uzbekistan to Boost Bitcoin Adoption
Tether, the notable blockchain company behind the stablecoin USDT, has caused headlines in the cryptocurrency industry with its latest initiative in Uzbekistan. Meanwhile, Tether, in collaboration with the National Agency of Perspective Projects (NAPP), intends to change the region’s acceptance of Bitcoin, stablecoins, and blockchain technology, marking a huge step toward supporting innovation and economic progress.
USDT Dominance Poised for Historic Drop Below Key Moving Average
USDT dominance could close below its 200-week moving average for the first time ever, potentially signaling a shift in power from stablecoins to riskier assets like Bitcoin.
Yellen Warns of Crypto Dangers, FSOC Prioritizes Regulation
Treasury Secretary Yellen warns Congress of looming crypto dangers like stablecoin runs, platform vulnerabilities, and price volatility, urging collaborative efforts with Congress to establish robust regulations for consumer protection, financial stability, and responsible innovation in the crypto space.
Justin Sun Congratulates Tron Community As USDT On Tron Surpasses $50 Billion
Justin Sun, the founder of TRON, a blockchain DAO ecosystem, announced that the circulation of USDT on TRON has exceeded $50 billion for the first time. He also expressed his confidence that the goal of issuing $100 billion on TRON stablecoins will be achieved soon.