The largest stablecoin in the cryptocurrency, Tether (USDT), recently lost its $1 peg. Here are some facts that on-chain data reveals about this event. Several On-Chain Indicators Spiked While Tether Suffered A Depeg In the […]
Bitcoin (BTC) is on the verge of wrapping up April profitably as it maintains its value above $28,600. However, a metric has emerged that indicates a potentially bearish signal for the price of BTC and […]
USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about […]
The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter. Tether Chief Technology officer Paolo Ardoino […]
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, […]
Data shows Tether USD (USDT) has benefited from the recent chaos with the USD Coin (USDC) peg, as the stablecoin’s dominance has now hit 57.8%. Tether (USDT) Dominance Has Surged To 57.8% Now As per […]
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