Stablecoins' exchange balance drops to 2-year low as bitcoin rallies 70%. The number of stablecoins held in addresses tied to centralized exchanges has declined by 44% this year, reaching the lowest since May 2021. The decrease is attributed to increasing investor aversion to risk due to regulatory crackdowns on BUSD and USDC.

Binance will then list SUI when its liquidity meets the requirement and open trading with SUI/BTC, SUI/USDT, SUI/TUSD and SUI/BNB trading pairs. Exact date and timing will be announced once available.

According to CCData’s latest Stablecoins & CBDCs report, USDT’s market capitalization has risen 2.03% in April to $81.5 billion, near its $83.7 billion all-time high seen in May of last year. 

While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time.

Trading volumes of bitcoin (BTC) paired with ArchBlock's dollar-pegged stablecoin TrueUSD (TUSD) have surged on Binance after the exchange introduced zero trading fees in the pair on March 23. However, the trade of BTC denominated in tether (USDT), the largest dollar-pegged stablecoin by market value, remains more liquid. Market depth data on Binance shows that BTC-USDT is still king from a liquidity standpoint, with market makers evidently more comfortable with exposure to Tether over TUSD. Nonetheless, TUSD's market depth has improved sharply from practically zero to $10 million in a month, surpassing BUSD to become the second-most liquid pair on Binance.

USDT, the largest stablecoin in the crypto market, is approaching its all-time high market capitalization of $82 billion. However, the stablecoin is not immune to external threats, such as theft, which could disrupt the market and impact its value. Tether maintains a well-diversified treasury to support the value of its stablecoin, with cash and cash equivalents comprising 82.13% of its treasury and the remainder distributed among corporate bonds, secured loans, and other digital assets like ETH and BTC. Despite concerns over its treasury diversification and market volatility, USDT remains an attractive option for retail investors seeking a stable and secure investment opportunity. However, recent data reveals that the amount of USDT stolen by scammers has significantly increased in recent months, posing a risk to investors and the reputation of stablecoins like USDT. Despite this, USDT's strong market performance and diversified treasury indicate that it is well-positioned to maintain its position as a leading digital currency in the crypto market.

KuCoin has promised to reimburse all verified asset losses caused by the social media breach and the fake activity.

Tether’s stablecoin (USDT) market capitalization hit $81.5 billion on Thursday, marking its highest point since Terra collapse in May 2022. It is currently $2 billion away from the asset’s all-time high of $83.4 billion, set on May 1 last year.

Tether's USDT stablecoin market cap has reached $81.5 billion, close to its all-time high of $83.4 billion. Its market share stands at 63%, its highest point in two years. Circle's USD Coin and Paxos-issued Binance USD saw a disproportionate amount of on-chain value redeemed for dollars, contributing to Tether's surge in market share.

Stablecoin issuer Tether has minted one billion USDT tokens on the Ethereum network, representing an "inventory replenish," according to Tether CTO Paolo Ardoino. USDT is the most popular stablecoin in the crypto industry and is commonly used to facilitate trading on large exchanges that don't accept fiat currencies. Tether's dominance in the stablecoin market is growing, with over 35 billion USDT on Ethereum, compared to less than 30 billion for its closest competitor, USDC. Tether's supply has historically indicated the direction in which the price of bitcoin or the crypto market will trend, according to some analysts. Tether reported a net profit of $700 million for Q4 2022, with consolidated total assets of at least $67.04 billion and consolidated total liabilities of $66.08 billion.

April 21 (Cointime) - Tether Treasury has minted 1 billion USDT (equivalent to $1.004 billion USD) on the Ethereum network, according to Whale Alert.

Euro Tether (EURT) and Tether Gold (XAUT) stablecoins expand to StealthEX and SimpleSwap platforms while USDT regains 2022 market cap.

Ecoterra, a new sustainability-focused platform that rewards users for recycling, has raised over $500,000 through its ongoing presale of its native $ECOTERRA token. The platform's unique recycle-to-earn program allows users to earn $ECOTERRA tokens every time they recycle plastic bottles, containers, and other reusable materials.

Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins in circulation that the project saw almost a year ago, in May 2022.

This bug persisted in several versions and led to multiple Curve pools (y, busd, pax) being exploited and drained.

According to CZ, this development is likely to lead to more funds moving into the crypto space, with the current market capitalization of USDT alone being $80 billion.

Tether has blacklisted an address that exploited a bug in Maximal Extractable Value (MEV) bots and drained $25 million last week. The address outsmarted the MEV bots trying to execute a sandwich trade by back-running the transaction. The USDT address held about $3 million in USDT and $21 million in various other ERC-20 tokens at the time of blacklisting. The blacklisting has attracted pushback from the community for its censorship approach. MEV bots make money by taking advantage of information about transactions that are about to be executed, which is often considered a form of invisible tax. The aim of the MEV blocker is to minimize the amount of value extracted from traders.

The supply of USDC stablecoin on Ethereum has stabilized after a wave of redemptions due to its links to collapsed U.S. lender Silicon Valley Bank. The amount of USDC in circulation now stands at just under 31 billion, down 11 billion from the start of the year. Other stablecoin supplies on Ethereum have also dwindled since January 1, notably Binance USD and Gemini dollar. Tether, the foremost dollar-pegged stablecoin, has seen an increase in demand and now accounts for almost 43% of the total Ethereum stablecoin supply. In February, Tether reported a net profit of $700 million for the fourth quarter of 2022.

250 worth of tokens to be airdropped to 5 winners who ask questions during the AMA

South Korean cryptocurrency platform GDAC was hacked, resulting in the loss of nearly $13 million worth of digital assets, including 60 BTC, 350.5 ETH, 10,000,000 WEMIX, and 220,000 USDT.