Tether, Circle Drive $9.5B Stablecoin Boom, What It Means For Bitcoin And Ethereum

JPMorgan Predicts Ethereum Surge on Stablecoin Boom

Wall Street heavyweight JPMorgan just made a powerful case for Ethereum (ETH). In their terms, they identify it as the prime beneficiary of the booming stablecoin market. According to the bank’s analysis, Ethereum’s dominance in hosting over 70% of circulating stablecoins positions the network for extraordinary growth amid surging DeFi activity and rising institutional demand. […] The post JPMorgan Predicts Ethereum Surge on Stablecoin Boom appe…

Tether, Circle Drive $9.5B Stablecoin Boom, What It Means For Bitcoin And Ethereum

Tether just minted another $1 billion in USDT, according to blockchain tracker Lookonchain, a move that comes amid a wider wave of stablecoin issuance in the last month that Lookonchain says totals $9.5 billion between Tether and Circle. The fresh supply is drawing attention from traders and analysts who watch stablecoin flows as a proxy for new liquidity entering crypto markets. On Aug. 14–15, on-chain observers flagged a $1 billion USDT mint a…

Tether Mints $1B USDT on Ethereum, Boosting Stablecoin Supply

Tether has injected another $1 billion worth of USDT into the Ethereum network, giving a fresh boost to the supply of the world’s largest stablecoin. Blockchain tracking service Whale Alert spotted the move on August 15, reporting the mint. The transaction came directly from the Tether Treasury and carried a value of roughly $1,001,100,000. For a transfer of its size, the Ethereum network settled the transaction with a fee of just 0.000065 ETH. …