Argin Chronicles
The Tether Treasury recently pumped $1.845 billion in $USDT into major crypto exchanges on Ethereum, further stimulating market activity. The allocations included $1.706 billion to Binance, $101.7 million to Coinbase, $20 million to OKX, and $17.86 million to Kraken. This injection followed Tether Treasury minting 2 billion $USDT on Ethereum and burning 1 billion $USDT […]
The stablecoin market has experienced explosive growth over the past six years, according to data from @intotheblock. In 2018, the total stablecoin market cap was a modest $1 billion. Fast forward to 2024, and that figure has skyrocketed to an impressive $171 billion—a staggering increase that highlights the vital role stablecoins now play in the […]
In 2024, fiat-backed stablecoins saw a notable increase of 35.4%, pushing their total market cap to $161.2 billion. Despite this growth, the figure remains below the all-time high of $181.7 billion reached in 2021. Tether (USDT) continues to dominate the stablecoin space, holding a 70.3% market share. In contrast, USDC has been on a downward […]
The stablecoin market has seen extraordinary growth over the past few years, highlighting its crucial role in the broader cryptocurrency ecosystem. In March 2020, the market value of stablecoins was a modest $5 billion. However, by April 2022, this figure had skyrocketed to an all-time high of $188 billion, driven by the last bull cycle. […]
In a remarkable feat, PayPal’s USD stablecoin (PYUSD) has achieved a $1 billion market capitalization just 383 days after its launch, outpacing USDC and USDT in growth rate. The PayPal USD stablecoin is part of PayPal's mission to revolutionize commerce globally. This weekend, we reached a major milestone: over $1 billion in market capitalization! This […]
On Tuesday, over $1 billion in $USDT was withdrawn from crypto exchanges, marking the highest single-day withdrawal since May, as reported by @intotheblock. In recent days, the focus has been on Cumberland, a major player in the crypto market, which has been actively moving large sums of $USDT. In the past 48 hours, Cumberland transferred […]
This year, Tether’s dominance on centralized exchanges (CEXs) has slipped from 82% to 74%, reflecting the growing competition and regulatory challenges it faces. Despite USDT remaining the top stablecoin, its market share decline is a significant indicator of shifting dynamics in the stablecoin market. The introduction of competing stablecoins like FDUSD and the increasing demand […]
As cryptocurrency prices rebound, a crucial factor to watch for validating this bounce is the growth in stablecoin market caps. From mid-October to mid-April, the combined market caps of major stablecoins like $USDT, $USDC, $DAI, $BUSD, $USDP, and $TUSD surged by 25%. This increase supported rising trading volumes and indicated investors’ preference to keep their […]
Over the past three weeks, there has been a noticeable trend of large wallets rapidly accumulating stablecoins. Wallets holding at least $5 million in cryptocurrency have collectively increased their holdings by 5.09% of the combined supplies of major stablecoins such as USDT, USDC, BUSD, DAI, TUSD, and USDP. According to data from Santiment, the total […]
The stablecoin market has experienced significant growth, witnessing an increase of $11.4 billion in market capitalization over the past four months. Notably, whale wallets holding $5 million or more have accumulated 2.32% of the top six stablecoins within just four weeks. 🥳 #Bitcoin has officially climbed above $50K for the first time since December 27, […]