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Stablecoins market cap surpasses $164 billion marking new growth phase 🚀 Most of this growth is tied to Tether USDT and Circle USDC. The top two stablecoins recorded 1.53% and 4.63% over the past 30 days, respectively. However, analysts believe this signifies a potential price increase in the crypto markets. Tether USDT dominates stablecoin market Tether USDT achieved a major milestone today, with its market cap crossing $114 billion. This is the highest amount of USDT in circulation, highlighting its dominance over other stablecoins. Paolo Ardoino, the CEO of Tether, acknowledged this growth, noting that the USDT market cap was only $65.8 billion 2 years ago. USDT’s growth over that period resulted from mass adoption, particularly in emerging and developing economies. It is also a sign of its resilience, particularly amid speculations about its stability and liquidity issues that affected several crypto protocols, including its competitor, USDC. With a market cap of over $114 billion, USDT is $80 billion above USDC’s $34 billion market cap. Unsurprisingly, Ardoino recently said that he considers Tether USDT a global payment system, not just a stablecoin. Meanwhile, USDC has also been growing in recent months. However, USDT might soon face new competition as several other companies plan to issue stablecoins. Crypto firms such as Ripple Labs and traditional financial institutions such as State Street and Goldman Sach are reportedly considering issuing a dollar-backed stablecoin. #BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #Write2Earn! #StableMarket
Stablecoins market cap surpasses $164 billion marking new growth phase 🚀

Most of this growth is tied to Tether USDT and Circle USDC. The top two stablecoins recorded 1.53% and 4.63% over the past 30 days, respectively. However, analysts believe this signifies a potential price increase in the crypto markets.

Tether USDT dominates stablecoin market
Tether USDT achieved a major milestone today, with its market cap crossing $114 billion. This is the highest amount of USDT in circulation, highlighting its dominance over other stablecoins. Paolo Ardoino, the CEO of Tether, acknowledged this growth, noting that the USDT market cap was only $65.8 billion 2 years ago.

USDT’s growth over that period resulted from mass adoption, particularly in emerging and developing economies. It is also a sign of its resilience, particularly amid speculations about its stability and liquidity issues that affected several crypto protocols, including its competitor, USDC.
With a market cap of over $114 billion, USDT is $80 billion above USDC’s $34 billion market cap. Unsurprisingly, Ardoino recently said that he considers Tether USDT a global payment system, not just a stablecoin. Meanwhile, USDC has also been growing in recent months.

However, USDT might soon face new competition as several other companies plan to issue stablecoins. Crypto firms such as Ripple Labs and traditional financial institutions such as State Street and Goldman Sach are reportedly considering issuing a dollar-backed stablecoin.

#BinanceTurns7 #SOFR_Spike #US_Job_Market_Slowdown #Write2Earn! #StableMarket
#binance4ever #BinanceEarnProgram #StablecoinNews #StableMarket Continuation: Stablecoins on Binance: A Haven for Interest and Earning (But Do Your Research!) Beyond Binance Earn: Liquidity Pools: Decentralized Finance (DeFi) platforms allow you to deposit your USDC into liquidity pools, which facilitate crypto trading. You'll earn fees based on the trading activity in that pool. However, DeFi can be complex and involve impermanent loss (potential decrease in value due to price fluctuations). Important Considerations: Interest Rate Fluctuations: Just like traditional interest rates, stablecoin earning rates can fluctuate. Always check the current rates before committing your funds. Platform Risk: Centralized platforms like Binance carry some inherent risk. Consider the platform's security measures and reputation before depositing funds. DeFi Risks: DeFi platforms can be susceptible to hacks and exploits. Conduct thorough research before venturing into DeFi. Beyond USDC: The methods mentioned above apply to most stablecoins on Binance. However, each stablecoin might have different earning options and interest rates. Always research the specific opportunities for each coin before making a decision. Stablecoins: A Gateway, Not a Guarantee Stablecoins offer a compelling entry point to the crypto world, allowing you to earn interest on your holdings. However, remember: Do Your Research: Understand the project behind each stablecoin and the risks involved in different earning methods. Start Small: Don't invest more than you can afford to lose. The crypto market is inherently volatile. Consider Alternatives: Explore other ways to earn passively, like staking established cryptocurrencies. Conclusion: Stablecoins on Binance can be a valuable tool for generating passive income in the crypto space. By understanding the different earning opportunities, conducting proper research, and managing risk effectively, you can potentially make your stablecoin holdings work for you.
#binance4ever #BinanceEarnProgram #StablecoinNews #StableMarket

Continuation:

Stablecoins on Binance: A Haven for Interest and Earning (But Do Your Research!)
Beyond Binance Earn:

Liquidity Pools: Decentralized Finance (DeFi) platforms allow you to deposit your USDC into liquidity pools, which facilitate crypto trading. You'll earn fees based on the trading activity in that pool. However, DeFi can be complex and involve impermanent loss (potential decrease in value due to price fluctuations).

Important Considerations:

Interest Rate Fluctuations: Just like traditional interest rates, stablecoin earning rates can fluctuate. Always check the current rates before committing your funds.

Platform Risk: Centralized platforms like Binance carry some inherent risk. Consider the platform's security measures and reputation before depositing funds.

DeFi Risks: DeFi platforms can be susceptible to hacks and exploits. Conduct thorough research before venturing into DeFi.

Beyond USDC:

The methods mentioned above apply to most stablecoins on Binance. However, each stablecoin might have different earning options and interest rates. Always research the specific opportunities for each coin before making a decision.

Stablecoins: A Gateway, Not a Guarantee

Stablecoins offer a compelling entry point to the crypto world, allowing you to earn interest on your holdings. However, remember:

Do Your Research: Understand the project behind each stablecoin and the risks involved in different earning methods.

Start Small: Don't invest more than you can afford to lose. The crypto market is inherently volatile.

Consider Alternatives: Explore other ways to earn passively, like staking established cryptocurrencies.

Conclusion:

Stablecoins on Binance can be a valuable tool for generating passive income in the crypto space. By understanding the different earning opportunities, conducting proper research, and managing risk effectively, you can potentially make your stablecoin holdings work for you.
Latam Insights : El Salvador Offers Bitcoin Instruction to 80,000 Public Servants ; Mercado Libre Launches Stablecoin #StablecoinDebate #stable-traders #ElSalvadors #StableMarket #ElSalvadors Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stable coin, and Paraguay keeps seizing illegal bitcoin mining operations.
Latam Insights : El Salvador Offers Bitcoin Instruction to 80,000 Public Servants ; Mercado Libre Launches Stablecoin

#StablecoinDebate #stable-traders #ElSalvadors
#StableMarket #ElSalvadors

Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news from the past week. In this issue: El Salvador will offer bitcoin certification for public servants, Mercado Libre launches an in-house developed dollar-pegged stable coin, and Paraguay keeps seizing illegal bitcoin mining operations.
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of Stable coins on monetary dynamics worldwide. #stableBTC #StableMarket #GlobalFinance #StablecoinDebate #GlobalFinancialAssets
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance

As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems.

A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of Stable coins on monetary dynamics worldwide.

#stableBTC #StableMarket #GlobalFinance
#StablecoinDebate #GlobalFinancialAssets
#Stablecoins are gaining momentum🚀 in emerging markets, being used for more than just cryptocurrency trading. A recent survey, conducted by Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto, revealed that stablecoins are finding a broader range of financial applications in these regions. With insights gathered from over 2,500 individuals across five emerging markets, the data highlights a significant increase in stablecoin adoption for different financial needs. In the first half of 2024 alone, approximately $2.62 trillion worth of transactions were settled through stablecoins. Additionally, the annualized volume has reached an impressive $5.28 trillion, further solidifying stablecoins' growing influence in global financial systems. As the popularity of stablecoins continues to rise, they are expected to play a key role in shaping the future of finance, particularly in developing regions where financial inclusion is critical.#StableMarket #BinanceLaunchpoolHMSTR #USNonFarmPayrollReport
#Stablecoins are gaining momentum🚀 in emerging markets, being used for more than just cryptocurrency trading. A recent survey, conducted by Castle Island Ventures, Brevan Howard, Artemis, and Visa Crypto, revealed that stablecoins are finding a broader range of financial applications in these regions. With insights gathered from over 2,500 individuals across five emerging markets, the data highlights a significant increase in stablecoin adoption for different financial needs.

In the first half of 2024 alone, approximately $2.62 trillion worth of transactions were settled through stablecoins. Additionally, the annualized volume has reached an impressive $5.28 trillion, further solidifying stablecoins' growing influence in global financial systems.

As the popularity of stablecoins continues to rise, they are expected to play a key role in shaping the future of finance, particularly in developing regions where financial inclusion is critical.#StableMarket #BinanceLaunchpoolHMSTR #USNonFarmPayrollReport
All About Stablecoins,How they work and Why they matterStablecoins are a type of cryptocurrency designed to have a stable value relative to a particular asset, usually a fiat currency like the US dollar. Here’s a breakdown of how they work and why they matter: ### How Stablecoins Work 1. Backing Assets: - Fiat-Collateralized Stablecoins: These are backed 1:1 by fiat currencies held in reserve. For example, for every US dollar worth of stablecoin issued, there is an equivalent US dollar held in reserve. - Crypto-Collateralized Stablecoins: These are backed by other cryptocurrencies. To account for price volatility, these stablecoins are usually over-collateralized; for instance, $150 worth of cryptocurrency might be required to issue $100 worth of stablecoin. - Algorithmic Stablecoins: These do not rely on collateral but use algorithms and smart contracts to control the supply of the stablecoin to keep its price stable. 2. Redemption and Issuance: - Users can typically redeem stablecoins for the underlying asset (like fiat currency) at a fixed rate. This process helps maintain the stablecoin's value. - New stablecoins can be issued as needed, based on the value of the assets backing them. 3. Transparency and Audits: - To ensure trust, many stablecoin issuers provide regular audits of their reserves and publish reports about their collateral holdings. ### Why Stablecoins Matter 1. Price Stability: - They provide a stable value compared to other cryptocurrencies like Bitcoin or Ethereum, which can be highly volatile. This stability makes them useful for everyday transactions and as a store of value. 2. Integration with Traditional Finance: - Stablecoins bridge the gap between traditional financial systems and the crypto world. They can be used for transactions, savings, and investments in a more stable manner compared to other digital assets. 3. Decentralized Finance (DeFi): - In the DeFi space, stablecoins are integral for lending, borrowing, and trading. They offer a stable base for many DeFi protocols and platforms, facilitating financial activities that are otherwise hard to manage with volatile cryptocurrencies. 4. Global Transactions: - Stablecoins can facilitate international transactions by reducing the need for currency conversion and offering a stable medium of exchange that operates on blockchain networks. 5. Financial Inclusion: - They can provide financial services to individuals in regions with unstable local currencies or limited access to traditional banking services. In summary, stablecoins are a critical innovation in the cryptocurrency space, offering stability and bridging traditional finance with digital assets, while supporting a wide range of financial activities. #trafeNEarn #TraderEducation #Bitcoin_Coneference_2024 #StableMarket #StablecoinDebate

All About Stablecoins,How they work and Why they matter

Stablecoins are a type of cryptocurrency designed to have a stable value relative to a particular asset, usually a fiat currency like the US dollar. Here’s a breakdown of how they work and why they matter:
### How Stablecoins Work
1. Backing Assets:
- Fiat-Collateralized Stablecoins: These are backed 1:1 by fiat currencies held in reserve. For example, for every US dollar worth of stablecoin issued, there is an equivalent US dollar held in reserve.
- Crypto-Collateralized Stablecoins: These are backed by other cryptocurrencies. To account for price volatility, these stablecoins are usually over-collateralized; for instance, $150 worth of cryptocurrency might be required to issue $100 worth of stablecoin.
- Algorithmic Stablecoins: These do not rely on collateral but use algorithms and smart contracts to control the supply of the stablecoin to keep its price stable.
2. Redemption and Issuance:
- Users can typically redeem stablecoins for the underlying asset (like fiat currency) at a fixed rate. This process helps maintain the stablecoin's value.
- New stablecoins can be issued as needed, based on the value of the assets backing them.
3. Transparency and Audits:
- To ensure trust, many stablecoin issuers provide regular audits of their reserves and publish reports about their collateral holdings.
### Why Stablecoins Matter
1. Price Stability:
- They provide a stable value compared to other cryptocurrencies like Bitcoin or Ethereum, which can be highly volatile. This stability makes them useful for everyday transactions and as a store of value.
2. Integration with Traditional Finance:
- Stablecoins bridge the gap between traditional financial systems and the crypto world. They can be used for transactions, savings, and investments in a more stable manner compared to other digital assets.
3. Decentralized Finance (DeFi):
- In the DeFi space, stablecoins are integral for lending, borrowing, and trading. They offer a stable base for many DeFi protocols and platforms, facilitating financial activities that are otherwise hard to manage with volatile cryptocurrencies.
4. Global Transactions:
- Stablecoins can facilitate international transactions by reducing the need for currency conversion and offering a stable medium of exchange that operates on blockchain networks.
5. Financial Inclusion:
- They can provide financial services to individuals in regions with unstable local currencies or limited access to traditional banking services.
In summary, stablecoins are a critical innovation in the cryptocurrency space, offering stability and bridging traditional finance with digital assets, while supporting a wide range of financial activities.
#trafeNEarn #TraderEducation #Bitcoin_Coneference_2024 #StableMarket #StablecoinDebate
#binance4ever #BinanceEarnProgram #StablecoinNews #StableMarket Stablecoins on Binance: A Haven for Interest and Earning (But Do Your Research!) Binance, a leading cryptocurrency exchange, offers a diverse selection of stablecoins—cryptocurrencies pegged to real-world assets like the US dollar (USD) or the Euro (EUR). Unlike traditional cryptocurrencies known for their volatility, stablecoins provide a more stable value, making them ideal for several earning opportunities. Here's a breakdown of stablecoins on Binance and how you can potentially earn with them: Binance's Stablecoin Buffet: Popular Options: Tether (USDT), USD Coin (USDC), Binance USD (BUSD), TrueUSD (TUSD), Dai (DAI) are some of the most popular stablecoins available on Binance. Each is pegged 1:1 to its underlying asset, offering stability in the often-volatile crypto market. Earning with Stablecoins: A USDC Example Here's how you can potentially earn with a stablecoin, using USD Coin (USDC) as an example: Binance Earn: This one-stop hub lets you subscribe your USDC to various earning products. Savings: Deposit your USDC for flexible or fixed terms, earning interest rates that can range from a few percent to upwards of 10% APY (Annual Percentage Yield). The higher the lock-up period (fixed term), typically the higher the interest rate. Staking: Similar to savings, but with some locked periods, staking allows you to earn rewards for supporting specific blockchain projects using your USDC holdings. To be continued.........
#binance4ever #BinanceEarnProgram #StablecoinNews #StableMarket

Stablecoins on Binance: A Haven for Interest and Earning (But Do Your Research!)

Binance, a leading cryptocurrency exchange, offers a diverse selection of stablecoins—cryptocurrencies pegged to real-world assets like the US dollar (USD) or the Euro (EUR). Unlike traditional cryptocurrencies known for their volatility, stablecoins provide a more stable value, making them ideal for several earning opportunities. Here's a breakdown of stablecoins on Binance and how you can potentially earn with them:

Binance's Stablecoin Buffet:

Popular Options: Tether (USDT), USD Coin (USDC), Binance USD (BUSD), TrueUSD (TUSD), Dai (DAI) are some of the most popular stablecoins available on Binance. Each is pegged 1:1 to its underlying asset, offering stability in the often-volatile crypto market.

Earning with Stablecoins: A USDC Example

Here's how you can potentially earn with a stablecoin, using USD Coin (USDC) as an example:

Binance Earn: This one-stop hub lets you subscribe your USDC to various earning products.

Savings: Deposit your USDC for flexible or fixed terms, earning interest rates that can range from a few percent to upwards of 10% APY (Annual Percentage Yield). The higher the lock-up period (fixed term), typically the higher the interest rate.

Staking: Similar to savings, but with some locked periods, staking allows you to earn rewards for supporting specific blockchain projects using your USDC holdings.

To be continued.........
the most stable, trusted and risk free trade is: p2p you can make easily 6-8% monthly easily, means 100% ROI, the best either you want to invest or want to have income. Since ETF approved, uncertainty and volatility has increased, only exchanges and whales are making money. Newbies and beginners 95% loss their money in trading (leverage trading like margin, cross, futures) or depreciate value in spot. we are earning money since 6 years with peace of mind. Binance p2p platform is the best forum, in terms of fee, options, features, pairs, mode of payments, fiats etc. we can add you in our circle, comment if you want to know and learn more. #p2p #StableMarket #P2PTrading #trading #P2PScamAwareness
the most stable, trusted and risk free trade is: p2p
you can make easily 6-8% monthly easily, means 100% ROI, the best either you want to invest or want to have income.

Since ETF approved, uncertainty and volatility has increased, only exchanges and whales are making money. Newbies and beginners 95% loss their money in trading (leverage trading like margin, cross, futures) or depreciate value in spot.

we are earning money since 6 years with peace of mind. Binance p2p platform is the best forum, in terms of fee, options, features, pairs, mode of payments, fiats etc. we can add you in our circle, comment if you want to know and learn more.

#p2p #StableMarket #P2PTrading #trading
#P2PScamAwareness
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