South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins through a three-month technology verification program. According to a press release shared with crypto.news, the financial…
The post Tether’s USDT supply contracts on Ethereum and TRON appeared on BitcoinEthereumNews.com.
Tether’s USDT supply is contracting, after a $2.5B burn on the Ethereum network. The stablecoin just saw its biggest burn since February, potentially signaling liquidity outflows. Tether’s treasury burned $2.5B worth of USDT tokens on July 7, the largest supply contraction since February. The Tether treasury destroyed $3.5B of tokens on February 10, as a response to general trading contraction and removing USDT from legacy networks. As a result, Tether retains a $189.6B supply of USDT, mostly using Ethereum and TRON for transfers. USDT is closely watched for the effect of Euro Area regulations, and as a general signal for the health of the crypto ecosystem. The supply burn also traces a larger trend in stablecoin liquidity. Active addresses declined by 36.2% in the past 30 days, according to Artemis data. Average daily stablecoin volume is down by 47.5%. USDT and its closest rival, Cir
The post The Stablecoin Ghost of 2022 Is Back to Haunt the Bitcoin Price appeared on BitcoinEthereumNews.com.
The Bitcoin price keeps stalling, and one overlooked force helps explain it. The stablecoins that fund crypto buying are both shrinking and moving less, the same setup that preceded Bitcoin’s 2022 crash. Data from DeFiLlama and Dune shows the market’s cash pile draining just when buyers are needed most. On its own, that is a headwind. Pushed far enough, it has been a trigger. How a Thinner Cash Pile Slows Bitcoin Stablecoins are the cash of crypto. Traders park dollars in USDT and USDC, then use them to buy Bitcoin and other coins. When that pool grows, more money stands ready to buy. When it shrinks, buying power drains away. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. The record shows the drag. Since 2020, when the stablecoin supply was expanding, the Bitcoin price averaged a +5.2% gain over the next 30 days and +18.9%
The post South Korean super app Toss partners with Optimism for won linked stablecoin trial appeared on BitcoinEthereumNews.com.
South Korean financial super-app Toss has signed a strategic agreement with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won-linked stablecoins through a three-month technology verification program. Summary Toss has partnered with Optimism and Sunnyside Labs to test blockchain infrastructure for South Korean won linked stablecoins over the next three months. The companies will evaluate payment settlement, compliance requirements and privacy protection using Optimism’s OP Stack and Sunnyside Labs’ Privacy Boost technology. The project will assess whether public blockchain infrastructure can meet institutional financial standards while supporting secure and scalable digital payments. According to a press release shared with crypto.news, the financial technology company will work with Ethereum layer 2 network Optimism and privac
The USDT burn highlights stablecoin supply dynamics' influence on crypto markets, potentially affecting Bitcoin's price trajectory and market sentiment.
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Gen.G's strategic blockchain integration with Theta Labs could redefine fan engagement, impacting esports' future and attracting crypto investors.
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The post Decred (DCR) Price Prediction 2026, 2027 – 2030: Will Decred Price Hit $550? appeared on BitcoinEthereumNews.com.
The post Decred (DCR) Price Prediction 2026, 2027 – 2030: Will Decred Price Hit $550? appeared first on Coinpedia Fintech News Story Highlights The live price of the Decred token is . Price predictions for 2026 range from $8.80 to $48.73. Decred could extend toward $550 by 2030, if the recovery structure holds. Decred (DCR) is a blockchain project that combines Proof-of-Work (PoW) and Proof-of-Stake (PoS) to offer secure transactions and community-driven governance. Over the years, … Source: https://coinpedia.org/price-prediction/decred-dcr-price-prediction/
Robinhood's blockchain success with meme tokens could drive broader adoption and innovation in real-world asset tokenization.
The post Robinhood Chain works great for memes, CEO says appeared first on Crypto Briefing.
