The total market value of stablecoins exceeds 168 billion US dollars, and the market value of USDT is nearly 117 billion US dollars
DefiLlama data shows the total market value of stablecoins has exceeded 168 billion US dollars, currently at 168.44 billion US dollars, with a 7-day growth rate of 1.33%. Among them, the market value of USDT is about 116.834 billion US dollars, with a market share of 69.53%; the market value of USDC is 34.355 billion US dollars, ranking second in market value.
Tether CEO predicts brain-computer interface technology will become mainstream within the next 20 years
Tether CEO Paolo Ardoino predicts that Brain-Computer Interface (BCI) technology will become a mainstream consumer product within the next 20 years. Prior to Ardoino's statement, Tether's investment portfolio company, Blackrock Neurotech, made breakthroughs in this field. Through this technology, the company successfully restored the language ability of a patient who had almost lost communication ability.
Yesterday, Tether issued $237 million in USDT and redeemed $80 million in USDT
According to ChainArgos monitoring, Tether issued 237 million USDT yesterday and redeemed 80 million USDT.
USDT's weekly transaction volume on the EVM chain exceeded 18 million times, setting a new annual high
According to IntoTheBlock’s post on the X platform, USDT’s weekly transaction volume on the EVM chain exceeds 18 million times, of which 78% of transactions occur on the Tron chain, making it the first choice for transfers.
Tether issued 88 million USDT yesterday
According to ChainArgos monitoring, Tether issued 88 million USDT yesterday (July 27), as reported by Jinse Finance.
The total market value of stablecoins fell slightly by 0.11% in the past week
According to DefiLlama data, the total market value of stablecoins has decreased by 0.11% in the past week, now reported at $164.223 billion.
WazirX releases user compensation plan: 55% of assets are used for trading or withdrawals, and 45% are converted into USDT equivalent tokens and locked
WazirX has released an update on recent security events: in order to facilitate the management of users' remaining assets, we will provide two options, each with specific benefits and conditions. 55% of users' encrypted assets will be available for trading and/or withdrawal (depending on the option chosen by the user), while the remaining 45% will be converted into USDT or equivalent tokens and locked.
In the past two hours, three USDT transfer transactions totaling nearly 190 million occurred on the TRON and Ethereum chains.
According to Whale Alert, a blockchain data tracking service, there have been three transfers of nearly 190 million USDT in total on the TRON and Ethereum blockchains in the past two hours. These transfers include:
CryptoQuant: The current USDT market value growth rate is close to 0%
CryptoQuant data released on X platform shows that the current growth rate of USDT market value is close to 0%, lower than the 6.6% when Bitcoin broke through $70,000 in March. The faster growth of stablecoin liquidity is crucial for the continued rise of cryptocurrency market prices. The liquidity of stablecoins (especially USDT) needs to be improved in order to further drive up the price of Bitcoin.
The total market value of stablecoins exceeds 162.3 billion US dollars, and USDT's market share reaches 69.26%
On July 14th, according to DefiLlama data, the total market value of stablecoins is now $162.385 billion, with a 7-day growth rate of 0.43%. In addition, the market value of USDT is $112.469 billion, with a market share of 69.26%.
Bitrace: The address where 29.62 million USDT was frozen is the address related to the guarantee business of Cambodia Huiwang Group that month
On July 14th, blockchain data analysis company Bitrace tweeted that the TRON network address TNVaKW was frozen by Tether on July 13th for over 29.62 million USDT. After analysis, Bitrace confirmed that the address was related to a guarantee business address launched by Cambodian Huobi Group on July 9th, 2024. Bitrace also stated that Huobi has now resumed operations with a new business address TQuFSv and transferred 114,800 USDC from the frozen TNVaKW address. In addition, their official old business address TL8TBp is still operating normally, and their other guarantee and payment-related addresses have not been frozen in the past six months. The reason for the freezing of this address may be related to money laundering for fraudulent or theft-related criminal activities.
The total market value of stablecoins rose slightly to US$161.758 billion, with USDT accounting for 69.37% of the market
According to DefiLlama data, the total market value of stablecoins is 161.758 billion US dollars, a slight increase from yesterday's 161.62 billion US dollars, with a 7-day decline of 0.45%; among them, the market value of USDT reached 112.21 billion US dollars, with a market share of 69.37%.
Crypto remittances in Venezuela surge as economic situation worsens
Sanctions from the United States, spiraling inflation and government corruption have created an economic nightmare for Venezuelans.
Tether CEO: More than 300 million people around the world use USDT, and Tether is the main buyer of US Treasury bonds
According to Be In Crypto, Paolo Ardoino, CEO of Tether, recently emphasized the important role of USDT in driving demand for the US dollar in emerging markets. Ardoino revealed that over 300 million people worldwide use USDT as digital dollars, providing basic financial services to communities in developing countries. This stablecoin improves the efficiency of fund transfer and storage, bypassing the traditional financial system that often excludes people with inadequate banking services. This means that if Tether's USDT usage is equivalent to that of a country, its economic size will exceed countries like Indonesia, Pakistan, and Nigeria. Therefore, the high acceptance of USDT has a significant impact on the global financial system.Ardoino pointed out that Tether is one of the top three buyers of short-term US government bonds globally, and overall ranks among the top twenty buyers. This reflects Tether's increasing influence in the financial sector and the increasing integration of virtual assets with the traditional financial system. Ardoino's comments were in response to an article that pointed out that dollar-backed stablecoins are fueling demand for US public debt.
The authorized issuance of USDT on the TON chain has increased to US$580 million
According to Tether's official transparency page, the authorized issuance of USDT on the TON chain has increased to approximately $580 million; currently the sixth largest blockchain for USDT issuance, behind only Tron, Ethereum, Solana, Avalanche, and Omni.
Tether CEO: USDT is one of the top three buyers of US short-term Treasury bonds in the world
Tether CEO Paolo Ardoino posted on X, stating that according to a report from WSJ, "dollar-backed stablecoins have created demand for US Treasuries." Over 300 million people worldwide use USDT as digital dollars, providing a lifeline for the entire community of developing countries. These people cannot access full banking services, with most still lacking bank accounts and being affected by high inflation and rapid devaluation of their currency. Tether brings stability to emerging markets through USDT, and is also one of the top three global buyers of US short-term Treasury bills (T-bills), ranking in the top 20 overall.
The total market value of stablecoins increased by 0.72% in the past week
According to DefiLlama data, the total market value of stablecoins has increased by 0.72% in the past week, now reaching $161.691 billion. In addition, USDe has seen a market value growth of 11.43% in the past week, now reaching $3.343 billion, making it the fourth largest market value stablecoin.
US banking lobby last-minute bid to stop Biden vetoing SAB 121 overturn
The American Bankers Association claims that United States President Joe Biden's move will "harm investors, customers, and ultimately the financial system."
The total market value of stablecoins is 160.583 billion US dollars, and USDT accounts for 69.59% of the market
According to DefiLlama data, the total market value of stablecoins is currently 160.583 billion US dollars, with a 7-day decrease of 0.30%. In addition, the total market value of USDT is currently 111.742 billion US dollars, with a market share of 69.59%.
Tether CEO: Tether may invest a lot of resources to build a P2P financial market terminal based on Holepunch technology
Tether CEO Paolo Ardoino stated in a post on X platform that Tether may invest a large amount of resources to establish a P2P financial market terminal based on Holepunch technology. As humans enjoy the pleasure of getting rid of monopolistic intermediaries in payments, we can also achieve the same results in the financial market data infrastructure. Any exchange in the world will maximize the revenue of its own data while maintaining direct control over its use. The financial market will become more flexible and the world may become a better place as a result.
