US deposit rates choke USDC adoption, and a BIS model reveals why
A Bank for International Settlements research paper shows that rising US bank deposit rates slow USDC adoption more than USDT adoption, highlighting…
Tag: USDT
Tether freezes $1.4M in TRON vaults and THORChain stalls
THORChain experienced a temporary halt in its TRON operations after Tether blocklisted four vaults holding approximately 1.45 million USDT. Restrictions were lifted…
Ethereum open interest rose 2.3% in ETH on Binance as its dollar value fell 6.6%
Ethereum open interest on Binance rose by 2.3% in coin quantity while its total dollar value fell by 6.6%, as analysis separates…
Locked liquidity did not stop this $14 million crypto pool drain
A Bitquery investigation reveals that the 79thVault token pool on PancakeSwap suffered a $14.35 million USDT drain after internal token permissions bypassed…
Aave hikes GHO borrow rates to rescue depleted stablecoin pools
Aave has increased its GHO borrowing rate to 4.5% on the Ethereum Core market to eliminate a funding gap and help replenish…
US targets $17 billion Russia-linked crypto payment network using USDT as an escape route
The United States has sanctioned the Russia-linked A7 Network and proposed strict financial rules targeting its crypto payment infrastructure, which used USDT…
Open USD bets Stripe’s $1.9 trillion network can break USDT and USDC’s grip
Open USD, a new stablecoin backed by a coalition of entities, has launched with $468 million in circulation and a major distribution…
Tether claims $550 million in Iran freezes, but $35 million slipped past Senate
Tether reported freezing nearly $550 million in Iran-associated USDT, but a Senate subcommittee report claims delays in blacklisting wallets allowed tens of…
Bitget says Bitcoin withdrawals are open after $387M hack, but ETH and USDT must wait
Bitget reports that Bitcoin withdrawals are open following its $387 million security breach, while withdrawals for Ethereum and USDT are scheduled to…
USDT grew on Ethereum through 2024, but smart contract holdings stalled, BIS data show
A Bank for International Settlements working paper reveals that while USDT issuance grew on Ethereum through 2024, smart contract holdings stalled, challenging…