The on-chain activity for stablecoins has increased 800% in the last 12 months according to market intelligence firm TokenAnalyst. This growth is not surprising considering the overall growth of the stablecoin niche. The combined market cap for all stablecoins ranks third in size behind Bitcoin (BTC) and Ether (ETH) and ahead of XRP (XRP). Over the past year, $290 billion of stablecoins were moved on-chain — in March alone $50.9 billion in value was transferred versus $6.2 billion in April 2019. Source: TokenAnalyst Dai is most DeFi Despite the growth of the DeFi industry, more than half of the on-chain …

According to a study released by the G-20’s Financial Stability Board on April 14, stablecoins pose a pertinent risk to the financial stability of the global economy and therefore need to be regulated in a manner that is not only meticulous but also future ready. Additionally, as per data released by the FSB, members of the G-20 have been advised to make use of their existing financial rules — especially those related to money laundering and terrorism funding — in regard to any stablecoin offerings that may be available within their respective borders. The G-20 seems to be particularly hostile …

Singapore-based Delta Exchange has announced the launch of Bitcoin (BTC)/Tether (USDT) futures contracts, allowing users to trade BTC futures with USDT collateral, starting on April 14 at 9:00 a.m. EDT. According to the company, the industry has seen surging demand for a stable digital currency amidst fears of an economic recession. Speaking to Cointelegraph, Delta Exchange CEO Pankaj Balani said that, in the last three months, the exchange saw an increase in demand for USDT settled BTC contracts, stating that “Black Thursday” was a major catalyst for increased demand: “Post Black Thursday market has become more risk averse and we …

Top cryptocurrency exchange Binance has officially launched Bitcoin (BTC) options on its futures trading platform. Confirming hints earlier this month, the rollout was announced this morning, April 13. It is, for now, limited to the exchange’s mobile app. Binance offering U.S.-style Bitcoin options contracts Options contracts offer traders the chance to purchase either a right to buy (a call option) or sell (a put option) on a given asset at a specified “strike price.” Binance is offering the American, as opposed to the European, version of the derivative, in which traders can exercise their rights — i.e. settle the contract …

The recent COVID-19 market crash has reduced the risk of a halving price dump and could have set up a Bitcoin bullrun, some cryptocurrency experts believe. Earlier today Chainalysis brought together a group of industry experts for an online panel to discuss the impact of COVID-19 on Bitcoin and what it means for the future. Chris Bendikson, Head of Research at CoinShares, said he believed the recent price crash in March had prepared miners early for the halving, which will reduce the sudden impact it could have had on their profitability. Those with outdated equipment had already been forced to …

Bithumb Global, the international platform of South Korea’s top crypto exchange, has rolled out margin trading with 5x leverage for Bitcoin (BTC) and Ether (ETH) trading pairs with Tether (USDT). In an announcement published on April 2, the exchange revealed the service would be available on its website and app. It will, however, be restricted for traders living in jurisdictions where margin trading is prohibited or capped — as, for example, with Japan. Leveraged trading gains traction in the industry Margin trading enables traders to use borrowed funds in order to increase their potential profits, yet it is a high-risk …

As the volume of Bitcoin (BTC) derivatives trading continues to rise, the cryptocurrency industry keeps tapping more crypto markets, like stablecoin Tether (USDT), for futures trading. KuMEX, a derivatives arm of IDG-backed crypto exchange, KuCoin, is planning to roll out USDT-margined Bitcoin perpetual contracts on March 30, 2020, the firm officially announced on March 27. KuMEX currently supports only Bitcoin and USDT While the new type of futures contract will be launched next week, KuMEX users are already able to deposit USDT via the web or public API starting from March 26, the company said. KuMEX offers crypto derivatives trading …

A cryptocurrency derivatives exchange has announced it is launching USDT linear perpetual contracts, alongside a plethora of features. During an “ask me anything” session, Bybit revealed that hedging will be a core offering for its new USDT perpetual contract — allowing traders to hold long and short positions in USDT simultaneously. Traders will also have the freedom to assign different levels of leverage for their long and short positions — switching between cross and isolated margins with ease. Bybit says it is capitalizing on the growing trend for option products, all while delivering a straightforward solution that eliminates unnecessary complexities …

Major cryptocurrency exchange Bitfinex announced the removal of 87 crypto trading pairs due to low liquidity levels as of March 26 at 10:00 GMT. According to the company, the measure seeks to consolidate and improve liquidity, allowing them to move towards a more streamlined and optimized trading experience. Bitfinex provided to Cointelegraph additional details on the removal: “The decision was taken after monitoring [the pairs] for six weeks and finding a consistent low level of liquidity. We take this type of action to concentrate trading in fewer pairs.” List of crypto trading pairs removed The crypto exchange also told Cointelegraph …

The world's biggest stablecoin has launched on the Bitcoin Cash network. Tether (USDT) has seen a surge of interest in recent weeks due to the global flight to safe havens and now has a market cap greater than $5.7 billion. More than $180 million was minted in recent days, preceding Bitcoin’s remarkable price spike in the past 24 hours. USDT will now be available on the Bitcoin Cash network. It is also available on Ethereum, Algorand, EOS, Liquid Network, Omni and Tron. Bitcoin Cash has its own generic token called the Simple Ledger Protocol, which is BCH’s version of the …

While most cryptocurrencies have seen their market capitalization slashed over the past month, the market meltdown has seen stablecoins ascend the market cap rankings. As of press time, six stablecoins currently reside among the top 50 crypto assets by capitalization. USDT ranks fourth The largest-stablecoin by capitalization, Tether (USDT), currently ranks as the fourth-largest cryptocurrency with a market cap of $4.66 billion. Despite the total USDT market cap growing by just 0.5% in four weeks, Tether has crept up the ladder since ranking seventh by capitalization on Feb. 15. However, due to the plummeting prices of the assets that USDT …

As Bitcoin (BTC) and the cryptocurrency market at large experience a major downturn, people turn to stablecoins in an attempt to preserve their capital. Some stablecoins have grown more than others, however. Stablecoin marketcaps are generally expected to increase after a major cryptocurrency market downturn. However, this is not what happened for most stablecoins during the past week. According to data from Coin360, Bitcoin has fallen from a height of nearly $8,000, down to under $4,000 between March 12 to March 13. Bitcoin 7-day price chart. Source: Coin360 USDC market cap sees major growth Jeremy Allaire, the co-founder and CEO …