PayPal’s Stablecoin Exceeds $1B Market Capitalization
PayPal’s stablecoin PYUSD has reached a market capitalization of over $1 billion, crossing the milestone last week.
Tether Plans to Issue a Stablecoin Pegged to the UAE Dirham
Tether has revealed its intentions to create a stablecoin that will be tied to the United Arab Emirates Dirham (AED).
Tether Launches USDT on Aptos Blockchain
Tether is expanding its USDT stablecoin to the Aptos blockchain.
Markus Thielen: Stablecoins Could Play Key Role in Next Bitcoin Rally
According to Markus Thielen, a researcher at 10x Market, an increase in stablecoin issuance could be the catalyst for the next surge in Bitcoin.
Celsius Sues Tether
In recent weeks, bankrupt crypto lending company Celsius has launched several legal actions in an effort to recover billions of dollars for its creditors from various crypto firms, including Tether.
USDT Issuer Tether Will Double its Workforce Next Year
According to Tether CEO Paolo Ardoino, the stablecoin company is planning to increase its workforce to around 200 employees by mid-2025.
Tether’s First Half Profits Reach $5B
Tether, the issuer of a popular stablecoin, yesterday announced record net profits of $5.2 billion in the first half of the year, driven by the surge in the market cap of their flagship cryptocurrency, USDT.
