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Tether s market cap hits $50B as stablecoin adoption grows

Tether’s market cap hits $50B as stablecoin adoption grows The 50 billionth USDT token has been minted, Tether has confirmed. 3562 Total views News The market capitalization of Tether (USDT), the world’s largest stablecoin, zipped past $50 billion on Monday, in a sign that the cryptocurrency bull market was still heating up.  Tether Operations Limited confirmed the milestone on Friday, with roughly 50 billion USDT now reported to be in circulation. Tether’s supply, and hence its market cap, has grown by more than a factor of 10 over the last 12 months. That includes 25% growth in the span of a month. As a dollar-backed stablecoin, one USDT is equivalent to $1 in assets held by Tether.

Tether Tokens (USDt) Live On Solana

Tether Tokens (USDt) Live On Solana Date 11/03/2021 Tether Operations Limited, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, has launched Tether tokens (USDt) on Solana, an ultra high-speed Layer 1 blockchain.     USDt’s integration on Solana will allow USDt holders to exchange USDt at speeds greater than 50,000 transactions per second, often for as little as $0.00001 per transaction. This will facilitate the development of high-speed, low-cost applications, including those in the nascent decentralised finance (DeFi) space. “This integration with Solana will help to support a dazzling array of projects, including those in DeFi, Web3 and blockchain gaming,” said Paolo Ardoino, CTO of Tether. “We look forward to serving the growing ecosystem of projects being developed on Solana as Tether cements its pivotal role in the digital token ecosystem.”

New York AG Fines Crypto Trading Platforms $18 5M Over False Financial Claims

New York AG Fines Crypto Trading Platforms $18 5M Over False Financial Claims
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