Stablecoin market
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Paxos is Hiring a New Portfolio Management Manager: What to Know
News on April 6th. According to the job list on LinkedIn, stable currency issuer Paxos is recruiting a new portfolio management manager. The company stated that the hired individua
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The dominant position of USDT stable currency exceeds 60%, which is the first time since June 2021
According to reports, according to the latest data from blockchain analysis company Glassnode, as USDC, DAI, and BUSD continue to hit new lows, as well as the continuous increase in the supply of stable currency for USDT, the current dominant position of USDT has exceeded 60%, the first time since June 2021, and the circulation supply has also exceeded $75 billion. Interpretation of this information: The current state of the stablecoin market is currently dominated by USDT, as reported by blockchain analysis company Glassnode. This is due to the continued…
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USDT’s market value rose to around $75 billion, hitting a new high since May 2022
According to reports, according to CoinGecko data, the market value of the stable currency USDT has risen to around $75 billion, the highest level since May 2022. The market value of USDT is twice that of USDC. Although USDC has resolved recent issues and is flat with the US dollar, the aftermath of the SVB bank run indicates that investors are increasingly choosing USDT. Interpretation of this information: The stablecoin market is one that has been experiencing an upward trend recently, with USDT leading the way. CoinGecko data reports that…
