Scammers Use Fake USDT Tokens to Steal From Venezuelan Merchants
Reports indicate that scammers are taking advantage of the high level of adoption of USDT in Venezuela to send fake USDT tokens as payment. Scammers use fake USDT tokens with…
Thai Investors Sue Tether Over $42M USDT Freeze Without Warrant
Two Thai businessmen say Tether blacklisted $42.4 million of their USDT four months before any court authorized the freeze, and now they’re suing to get it back. A Freeze Before…
Stablecoin Depegs Explained: What Really Happens When a Digital Dollar Breaks the Buck
Stablecoins promise a constant $1, yet USDC has traded at $0.87, Tether’s USDT at $0.88, and Terra’s UST collapsed to virtually zero in a crash that erased roughly $40 billion.…
Tether’s USDT Supply Shrinks by $4B in 60 Days as Crypto Demand Cools
Tether’s USDT supply has declined by about $4 billion on a 60-day rolling basis, according to Cryptoquant data. Analysts say the drop may reflect investors moving back into fiat, weaker…
Total Stablecoin Cap Falls $1.9 Billion This Week While Sky Dollar Leads the Slide
Tether lost $791 million this week, a single-token drop that accounted for 41% of the $1.9 billion pulled from the entire stablecoin market. Most of its top competitors also finished…
Tron Hits Record Highs in June, Topping 385 Million Transactions and 26.9 Million Active Accounts
The Tron network set fresh usage records in June, with Lookonchain reporting that the ecosystem recently surpassed 385 million total transactions and 26.9 million wallet addresses as its stablecoin-driven activity…
Tether’s USDT Flips Ether in Market Cap as Stablecoin Climbs to $186 Billion
Tether’s USDT stablecoin briefly overtook ether to become the second-largest cryptocurrency by market capitalization, reaching about $186.06 billion against ether’s $185.66 billion. Stablecoin issuance and a slumping ether seem to…
Gravity Bridge Drained of $5.4 Million as Hacker Routes Stolen Funds Through Binance
Cross-chain protocol Gravity Bridge was drained of roughly $5.4 million on May 30, with the attacker reportedly funneling part of the haul through Binance and Changenow, blockchain security firm Peckshield…
Top 5 Stablecoins Capture Nearly 90% of Sector as Market Contracts This Week
Over the last seven days, the stablecoin sector posted a slight contraction of $90.01 million, bringing the market’s total valuation to $323.052 billion, according to figures compiled by Defillama. Tether…
Stablecoin Market Adds $2 Billion in 7 Days as USDT Holds Near $190 Billion
After hovering slightly above the $320 billion threshold last week, the stablecoin sector pulled in more than $2 billion in fresh capital over the past seven days. Data from Defillama…