News Formal

Tether (USDT) Market Cap Back Above $69 Billion Amid Binance FUD

  • 📰 Utoday_en
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Market cap of Tether surges over $69 billion; $USDT controls more than half of stablecoin market w/ paoloardoino

Paxos Global, an issuer of BUSD, will stop releasing new stablecoins as the NYDFS ordered it to stop offering unregistered securities. All existing Binance USD will be supported at least until 2024.

USDT and USDC should be the top beneficiares of this painful ruling for Binance . For the first time in more than a year, USDT's market cap smashed through 50% of all stablecoins' capitalization. As such, Tether is now larger than all of its competitors combined.Also, it is worth noticing that Tether Limited reported profits for the first time ever on Feb. 9, 2023. In Q4, 2022, it made more than $700 million, as U.Today covered.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 295. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

What to know as North Market starts $345 million Merchant Building developmentWhat does the North Market construction project mean for visitors to the market? I'm surprised this story doesn't talk about the work that is starting this week in the old parking lot to remove what's expected to be hundreds of graves before construction begins. The project is crushing the vendors. I wonder what the market is doing to help?
Källa: DispatchAlerts - 🏆 72. / 68 Läs mer »