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The supply of Tether’s USDT and Circle’s USDC – the two largest stablecoins – expanded by nearly $10 billion combined over the past 30 days, 10x Research pointed out. Meanwhile, the supply of MakerDAO’s DAI and Hong Kong-based First Digital’s FDUSD, the third and fourth largest stablecoins, also expanded by 5%-10% in this period, CoinGecko […]
Another groundbreaking approach is stablecoins tied to a basket of cryptocurrencies, like DAI and wrapped bitcoin, offer stability while capturing the potential upside of the digital asset market. These diversified stablecoins mitigate single-currency risk and provide exposure to a broader spectrum of cryptocurrencies, reducing volatility and enhancing portfolio resilience. The emergence of stablecoins beyond USD […]
Jupiter has 550 tokens and more than 5,550 trading pairs listed, CoinGecko data shows. The USD Coin (USDC)/Solana (SOL) pair was the most active, with $166 million in volume. The platform routes orders to several Solana-based exchanges and executes the best available price for an asset when a trade is requested. Source link
These volumes are also made up of remittance transfers, a big deal for emerging markets with a large diaspora, such as the Philippines. In the report, Circle highlighted how it has partnered with Coins.ph – an exchange based in the country – to try and capture some of this business, worth around $36 billion a […]