Despite a declining market cap, USDC, the stablecoin issued by Circle, generated more than $300 million from interest on its treasury bills, according to Messari's data. Circle also generated revenue from USDC transactions, subscriptions, and services, with Bitcoin and Ethereum accounting for a significant portion of the revenue.

On April 4, P2P marketplace Paxful unexpectedly declared the immediate suspension of its platform.

Tether’s USDT supply crossed $80 billion for the first time in 11 months earlier today, nearing its all-time high of $83.13 billion. In 2023, USDT’s supply increased by almost $14 billion in less than 100 days from the $66.2 billion it recorded at the start of the year. 

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USDT (Tether), USDC (USD Coin), and BUSD (Binance USD) are all stablecoins that are pegged to the value of the US dollar. However, there are some differences between the three.

Tether (USDT), the world's largest dollar-pegged stablecoin, is thriving, having survived the Terra-induced turmoil of mid-2022. The market value of the stablecoin continues to rise and is now within a whisker of its record high.

The money of the future will restore this captured value back to the people. It will empower individuals to save, earn, and do more. De-Fi needs a stablecoin which doesn't force users to simply inherit bank risk.

After a Bloomberg article alleged exposure between stablecoin provider Tether and the now-collapsed Signature Bank, rumors began to circulate regarding the involvement between the two companies. 

Tether Holdings Ltd. doesn’t have direct access to the US banking system, but for a while it found at least one pathway: through Signature Bank. 

Tether, the world's biggest stablecoin issuer, used Signature Bank to transfer U.S. dollar funds from the U.S. to the Bahamas, Bloomberg reported.

Circle's USDC stablecoin has lost 23% market share in less than a month's time, following the collapse of its key banking partner, Silicon Valley Bank (SVB). Since March 10, the net outflows from the USDC stablecoin have surpassed more than $10 billion so far. Circle has backed the token's value with short-term government bonds and cash reserves at various US banks, and after the collapse of SVB, it moved a large portion of its cash to BNY Mellon. In contrast, Tether's native stablecoin USDT has extended its dominance in the market, with its market cap over the last month surging by more than 12% to reach close to $80 billion, contributing to Tether's rise to more than 60% share of the $132 billion stablecoin market.

Telegram also added support for USDT in the wallet bot, allowing users to send each other tether (USDT) within chats in the messaging app.

The well-known messaging app Telegram has added the functionality for users to buy, store, and send Tether (USDT), the world’s largest stablecoin.

From the centralized stablecoins represented by $USDT and $USDC, to the over-collateralized stablecoins dominated by $DAI and $FRAX, to the rise and fall of $UST, the stablecoin world is constantly evolving. In this report, we'd like to show the current status and look into the future of stablecoins.

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According to the latest reports, Tether expects more than $1 billion in total revenue from USDT in Q1. It also anticipates a $700 million profit for the quarter.

Nasdaq Inc. expects its custody services for digital assets to launch by the end of the second quarter as it joins a growing pool of traditional financial firms that could fill the role of crypto middlemen following a spate of bankruptcies in the industry.

Cryptocurrency firm Tether estimates it will make $700 million profit in the March quarter, taking its total excess reserves to over $1 billion, the company’s technology chief told CNBC, revealing the latest figures for the first time.

The banking sector could potentially undergo a much-needed revamp, but until then, investors appear to be scrambling for a safety net. As the traditional financial world is rocked by the Credit Suisse chaos and the failure of a series of US banks, investors have flocked to the largest stablecoin, Tether (USDT).

Telegram users can now transfer the world's most popular stablecoin, tether (USDT), through chats.