Connect with us

Business

Tether USDT’s market share rises 20%, reaching 75% in two years

Published

on

Tether (USDT) has once again underscored its dominance in the stablecoin market, maintaining its position as the leading player despite a growing array of competitors.

Recent data highlights that Tether continues to hold a significant share of the stablecoin market, reflecting its enduring appeal among cryptocurrency users and traders. As of the latest figures, USDT commands a market share of approximately 60%, a testament to its widespread acceptance and trust within the crypto ecosystem.

Tether’s stability and liquidity have made it a preferred choice for many in the cryptocurrency space, particularly for trading and as a safe harbor during market volatility. The stablecoin’s resilience has been evident even as new entrants have sought to carve out a niche in the competitive landscape.

Despite the influx of alternative stablecoins like USD Coin (USDC) and Binance USD (BUSD), Tether has managed to retain its leading position. This stability is attributed to Tether’s robust reserves and its longstanding reputation, which continue to attract users seeking reliability and liquidity.

The competitive landscape has certainly intensified, with various projects aiming to challenge Tether’s dominance. However, USDT’s substantial market share indicates that it remains the go-to stablecoin for a broad spectrum of cryptocurrency activities.

As the stablecoin market evolves, Tether’s ability to maintain its lead will be closely watched. The ongoing developments in the crypto sector will likely influence the dynamics of stablecoin usage and market share distribution.

Business

Ether crypto funds see $296M inflows in best week since Trump election

Published

on

Institutional investors funneled $296 million into Ethereum-focused funds over the past week, marking the largest weekly inflow since the U.S. presidential election in November. With these inflows, Ethereum has overtaken Bitcoin in terms of weekly gains in crypto investment vehicles.

The surge is part of a broader upswing in crypto asset allocations. Digital asset funds logged a total of $7.05 billion in net inflows during May, pushing crypto fund holdings to a record $167 billion. Within this, Bitcoin funds gathered $5.5 billion while Ethereum products attracted $890 million.

Analysts point to growing interest in Ethereum as it reels in capital seeking exposure to DeFi, smart contracts, and next‑generation blockchain infrastructure. Over the last 30 days, Ether’s price trended upward, and its ETH/BTC valuation ratio strengthened considerably.

Recent inflows into Ethereum products appear driven by supportive macroeconomic signals, improved technical price patterns, and rising adoption of spot Ether exchange‑traded funds (ETFs). Meanwhile, Bitcoin-focused funds saw outflows totaling around $56.5 million.

Continue Reading

Business

Tether USDT stablecoin seen on Bolivian store price tags

Published

on

Retailers across Bolivia are now quoting prices in Tether’s USDT stablecoin for everyday goods like chocolates, sunglasses, and snacks, according to Tether CTO Paolo Ardoino.

The shift reflects growing reliance on stable digital currency as Bolivians seek protection against volatility in the boliviano, with USDT providing a more predictable value for both consumers and merchants.

Ardoino highlighted that using digital dollars at the point of sale offers practical advantages for everyday shoppers, and analysts suggest this could serve as a model for other countries facing currency instability.

This development builds on earlier steps toward crypto integration in Bolivia—most notably, the launch of USDT custody services by Banco Bisa in October 2024, under the oversight of the country’s financial regulator.

Continue Reading

Business

Metaplanet shares jump after $5.4B plan to buy Bitcoin

Published

on

Tokyo-based Metaplanet has unveiled plans to significantly boost its Bitcoin reserves, targeting the acquisition of 100,000 BTC by the end of 2026—up from its previous goal of 21,000 BTC. The announcement, shared via X on June 6, follows a recent purchase increasing its holdings to 8,888 BTC and signals a bold move to expand its crypto presence .

The firm intends to buy at least an additional 91,112 BTC over the next 18 months. CEO Simon Gerovich emphasized that this accelerated acquisition is a deliberate response to global financial shifts, including geopolitical tensions, excessive sovereign debt, and growing doubts over traditional safe-haven assets like bonds and gold.

To fund this plan, Metaplanet will issue up to 555 million new shares via stock acquisition rights, supplementing its existing 210 million-share program. The issuance is expected to raise around ¥770.3 billion (approximately $5.32 billion) at an initial strike price of ¥1,388 per share.

Looking ahead, the company aims to hold over 210,000 BTC by the end of 2027—roughly 1% of Bitcoin’s fixed supply cap. This ambitious growth trajectory cements Metaplanet’s status as Asia’s leading corporate Bitcoin holder—a strategy that echoes the approach taken by U.S. firm MicroStrategy.

As Metaplanet positions itself for further expansion, its aggressive accumulation strategy and large-scale capital raising mark a transformative shift in how non-financial firms are using corporate treasury to gain exposure to cryptocurrencies.

Continue Reading

Trending

Copyright © 2025 cryptonews.lk