Users associate crypto with security
21% of US residents have used digital assets at least once. These results were obtained by NBC News following a survey of 1,000 respondents. The error in the study was 3.1%.
About half of men aged 18-49 fell into the category of “admirers” of crypto — the largest proportion of any demographic group. Among men and women aged 18-34, this figure was 42%.
Supporters of Bitcoin, Ethereum, and stablecoins noted high transaction speeds, lower costs, privacy, security, and access to financial services for those who are unbanked among the arguments.
#crypto #BTC #ETH #stablecoins #research #security
21% of US residents have used digital assets at least once. These results were obtained by NBC News following a survey of 1,000 respondents. The error in the study was 3.1%.
About half of men aged 18-49 fell into the category of “admirers” of crypto — the largest proportion of any demographic group. Among men and women aged 18-34, this figure was 42%.
Supporters of Bitcoin, Ethereum, and stablecoins noted high transaction speeds, lower costs, privacy, security, and access to financial services for those who are unbanked among the arguments.
#crypto #BTC #ETH #stablecoins #research #security
Tether Transfers Majority of USDT Budget to US Treasury Bonds
Most of the USDT collateral comes from US Treasuries. Over the past six months, the issuer of the stablecoin Tether has reduced positions in commercial securities, according to Bloomberg.
The share of collateral in private papers continues to decline. It was reported by the company's technical director Paolo Ardoino.He explained that this structure of the reserve allows the company to quickly meet its USDT redemption requirements.
On May 12, amid the collapse of the crypto market, the price of USDT briefly lost parity against the US dollar. Ardoino stressed that the company had no problems with repayment of obligations — over the past 24 hours, it bought back $600M in assets.
#stablecoins #tether #usdt
Most of the USDT collateral comes from US Treasuries. Over the past six months, the issuer of the stablecoin Tether has reduced positions in commercial securities, according to Bloomberg.
The share of collateral in private papers continues to decline. It was reported by the company's technical director Paolo Ardoino.He explained that this structure of the reserve allows the company to quickly meet its USDT redemption requirements.
On May 12, amid the collapse of the crypto market, the price of USDT briefly lost parity against the US dollar. Ardoino stressed that the company had no problems with repayment of obligations — over the past 24 hours, it bought back $600M in assets.
#stablecoins #tether #usdt
Tether has launched the MXNT stablecoin pegged to the Mexican peso. It was announced by Tether on Twitter.
Initially, the asset is available on the Ethereum, Tron and Polygon networks. It is the company's fourth stablecoin pegged to fiat currencies after USDT (US dollar), EURT (euro) and CNHT (yuan).
The company noted that 40% of Mexican firms seek to implement blockchain and cryptocurrencies. The growth in demand for the stablecoin is also facilitated by the multibillion-dollar flow of transfers to the country from the US, according to Tether.
#fiji_news #crypto #tether #stablecoins
Initially, the asset is available on the Ethereum, Tron and Polygon networks. It is the company's fourth stablecoin pegged to fiat currencies after USDT (US dollar), EURT (euro) and CNHT (yuan).
The company noted that 40% of Mexican firms seek to implement blockchain and cryptocurrencies. The growth in demand for the stablecoin is also facilitated by the multibillion-dollar flow of transfers to the country from the US, according to Tether.
#fiji_news #crypto #tether #stablecoins
USDT capitalization fell below $70B
The total market value of USDT stablecoins has dropped to $69.3B, last seen in October 2021. Before the collapse of Terra, the figure was $83.42B (as of May 1).
According to CoinGecko, the capitalization of Tether’s competitor, USDC Coin (USDC), has exceeded $55B.
Over the period, USDT dominance decreased from 50.9% to 45.7%, while USDC's market share increased from 30% to 36.2%.
#fuji_news #stablecoins #usdt #usdc
The total market value of USDT stablecoins has dropped to $69.3B, last seen in October 2021. Before the collapse of Terra, the figure was $83.42B (as of May 1).
According to CoinGecko, the capitalization of Tether’s competitor, USDC Coin (USDC), has exceeded $55B.
Over the period, USDT dominance decreased from 50.9% to 45.7%, while USDC's market share increased from 30% to 36.2%.
#fuji_news #stablecoins #usdt #usdc