Tag Archives: USDT

Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day

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On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given… Continue reading Secret Bitcoin Driver: Exchanges Receiving $40 Million USDT Fuel Per Day→

TRON Targets $5 As Stablecoin Supremacy Drives Market Surge — Analyst

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The market activity of TRON (TRX) has experienced a remarkable surge, resulting in the company making headlines. In November 2024, TRON achieved an extraordinary $587 billion in USDT transfers, a 30% increase from the previous months. This remarkable expansion underscores TRON’s status as a preeminent blockchain platform for stablecoin transactions, which are distinguished by their… Continue reading TRON Targets $5 As Stablecoin Supremacy Drives Market Surge — Analyst→

Tether’s USDT Hits New High—330 Million Wallets And Counting

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As of the end of Q3 2024, Tether’s USDT stablecoin has hit a new record with 330 million on-chain wallets. This shows that USDT is the market leader in stablecoins and is accompanied by an astounding rise in acceptability, particularly among small holders. Stablecoins are becoming more popular for a variety of financial transactions, including… Continue reading Tether’s USDT Hits New High—330 Million Wallets And Counting→

Stablecoin Market Capitalization Nears $200 Billion — Bitcoin Price To Resume Rally?

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The latest on-chain data shows that the stablecoin market is nearing a new milestone in terms of valuation. Here’s how the increasing liquidity could impact Bitcoin and the general cryptocurrency market. Can The Increasing Stablecoin Cap Push Bitcoin Price To $100,000? Market intelligence platform IntoTheBlock has revealed in its weekly report that the stablecoin market… Continue reading Stablecoin Market Capitalization Nears $200 Billion — Bitcoin Price To Resume Rally?→

Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT?

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Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bear market. Solana Makes Historic Recovery, Eyes USDT Flippening Solana (SOL),… Continue reading Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT?→

Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone

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The partnership between The Open Network (TON) and Tether has reached new heights as the USDT stablecoin experienced a massive surge in just a few months since the start of their collaboration. A remarkable feat that saw a massive increase in the USDT on TON hitting over $1 billion in only six months, an indicator… Continue reading Six Months, $1 Billion: TON Network’s Explosive USDT Adoption Milestone→

Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?

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It’s been a busy week for Tether, as the company announced that it had authorized the minting of another 1 billion USDT tokens, pushing the total number of minted tokens to $33 billion in the last year. According to blockchain data, the additional tokens were minted on the Tron network and immediately sent to the… Continue reading Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge?→

Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares

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Ethereum (ETH) demand is largely driven by the token’s use in on-chain applications and token transfers, according to a report by CoinShares. Ethereum’s Use-Cases Have Increased, But Long-Term Value Is Missing In a recently published detailed report, CoinShares’ Matthew Kimmell noted that despite Ethereum’s potential to host popular applications in the future, investors are struggling… Continue reading Ethereum Demand Driven By Use In On-Chain Applications, Token Transfers: CoinShares→

Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone

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Tether (USDT), the world’s largest stablecoin and the third largest crypto in market cap, has asserted its dominance in the cryptocurrency market and is now close to achieving a significant milestone. Recent data shows a massive influx of money into the crypto industry in the past week, with over $1 billion going into stablecoins. Naturally,… Continue reading Tether (USDT) Surges With Massive Inflows, Closing In On Historic $120 Billion Market Cap Milestone→

Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: What’s Next For Ethereum?

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Ethereum is rising, adding a decent 5% on the last day and nearly 10% over the past trading week, according to CoinMarketCap data. As ETH shakes off weakness, breaking above the local resistance– now support– at around $2,400, confidence is high. Over 150,000 ETH Moved To Exchanges All the same, IntoTheBlock data on September 20… Continue reading Over 150,000 ETH Moved To Exchanges In The Last 24 Hours: What’s Next For Ethereum?→