Latest Tusd News

  • Tether Crosses $10B, Leaving Competing Stablecoins in the Dust
    Tether Crosses $10B, Leaving Competing Stablecoins in the Dust
    Tether, USD Coin, and Binance USD have posted triple-figure market cap growth this year. Crypto market data aggregator Messari reports that the market cap of leading stablecoin Tether (USDT) has surpassed $10 billion for the first time. Alongside Bitcoin (BTC) and Ethereum (ETH), Tether is now one of three crypto assets with an eleven-figure capitalization.  Tether’s reported $10 billion market cap comes after year-to-date growth of 144% — with Tether representing $4.1 billion at the start of 2020.  However, data aggregators are at odds on Tether’s capitalization, with CoinGecko and CoinMarketCap estimating USDT’s market cap to be just over $9 billion.  USD Coin and Binance USD post strong growth The second-largest stablecoin by market cap, Circle’s USD Coin (USDC) has also seen triple-digit growth since early January — increasing from less than $450 million to over $930 million today. USDC has steadily grown since launching in October 2018 to currently comprise the 18th-largest crypto asset overall. Since launching in September of last year, Binance’s USD stablecoin BUSD has quickly emerged as a major player in the stablecoin sector — currently ranking fourth among stablecoins with a market cap of nearly $166 million. Binance has grown by more than 875% since representing roughly $17 million at the start of the year, now ranking as the 49th-largest crypto market. PAX and TUSD stagnate After starting the year with a capitalization of $225 million, Paxos Standard (PAX), the third-ranked stablecoin by market cap, has seen its market cap stagnate at $245 million since April, according to CoinMarketCap.  CoinMarketCap ranks Paxos as the 37th-largest crypto asset overall.
  • Review: Crypto.com’s Ruby Steel Prepaid Visa Card
    Review: Crypto.com’s Ruby Steel Prepaid Visa Card
    A number of members in the cryptocurrency community, typically people who are paid in crypto assets, have tried a myriad of prepaid cards that can be credited with digital currencies like bitcoin.