Bitcoin trading volume skyrockets three days ahead of attempted coup in Russia
BTC and USDT trading volumes soar on either side of an attempted Russian coup.
James Van Straten 1 min read Stablecoins Insights
Explore CryptoSlate’s Stablecoins insights with news, analysis, and trends on dollar-pegged assets, adoption, regulation, and their role in crypto markets.”
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James Van Straten 1 min read Latest insights
Stablecoins
Tether market cap hits all time high
While, Tether trade volume hits all-time low which includes both CEXs and DEXs
Stablecoins
Tether’s holdings of US treasuries currently rivals the world’s wealthiest countries
USDT's attestation report for Q1 2023 showed they held $53 billion worth of U.S. treasuries.
Bitcoin
Liquidity evaporating, exchange volume hits lowest level of the year
As volumes and liquidity continue to head lower, this will only create a more volatile market
Stablecoins
Does the divergence between USDT and USDC signify a winner in the stablecoin wars?
Tether will regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin
Stablecoins
The surprising truth behind stablecoin demand: A steep drop contradicts industry expectations
Stablecoin demand myth busted: surprising data reveals the untold story behind exchange balances and Ethereum gas usage.
Bitcoin
Stablecoins being converted into Bitcoin helped push BTC price over $30k
Bitcoin climbed above 30K thanks to surge in stablecoin conversions
Stablecoins
The extreme concentration of BUSD: 99% of supply owned by just 1% of addresses
BUSD and FTT: A tale of two tokens with strikingly similar wealth distributions — concentrated in the top 1%.
Stablecoins
USDT dominance exceeds 60% – fundamentals for stablecoins declining at rapid rates
USDC, DAI, and BUSD are continuing to make new lows as USDT supply continues to increase and dominance exceeds 60%.
Stablecoins
Less than $30B of stablecoins now sit on exchanges, wiping out all of 2022’s gains
Stablecoins on exchanges have seen a $15B drawdown in the past 4 months
Stablecoins
Majority of stablecoins re-store peg as USDT dominance hits 58%
Stablecoins on the majority return back to the $1 peg, while USDT continues to increase stablecoin dominance at 58%.
Stablecoins
BUSD has seen 12 billion withdrawn from exchanges in 3 months, USDT, BTC have been net beneficiaries
BUSD has under 10 billion balance on exchanges — while USDT has a stablecoin dominance of 55%, in addition to inflows for Bitcoin.
Stablecoins
USDT dominance breaks 52%, highest since May 2022
Significant outflows of BUSD has seen USDT increase market share
