The difference in market value between USDT and USDC exceeds US$66 billion, setting a record to date

Steven Ehrlich, the head of Forbes Crypto's encryption research, posted on social media that the market value of the US dollar stablecoin USDT has exceeded $90 billion (at the time of writing this article, it has reached $90.4 billion), while the market value of USDC has fallen to the range of $24 billion (at the time of writing this article, it has reached $24.3 billion), and the difference in market value between the two stablecoins, which is over $66 billion, has set a new record for the highest market value difference to date.

Comments

All Comments

Recommended for you

Cointime精选 ·

10 years on: How Ethereum’s ICO changed the crypto landscape

Nick Johnson, lead developer of the Ethereum Name Service, shared his thoughts and memories of Ethereum on its 10th anniversary.
Cointime精选 ·

THORChain founder and his plan to ‘vampire attack’ all of DeFi

After posing as an anon girl for six years, THORChain’s founder is now waging war against the “slow rugs” of DeFi.
blockABC ·

When Musk Empire listing? Find love in The Sandbox and more: Web3 Gamer

Web3 gaming is taking an unexpected turn this year says Delab Games head of strategy.
Cointime精选 ·

Toyota’s love for Ethereum, HK nods inverse Bitcoin ETF, stablecoin: Asia Express

Asia’s top automobile manufacturer is researching how Ethereum can play a role in autonomous vehicles, Hong Kong approves an inverse Bitcoin ETF and a new stablecoin, and more!
As of July 25, BlackRock IBIT held more than 338,000 bitcoins, an increase of more than 1,092 bitcoins from the previous day.

BlackRock's official update on the Bitcoin ETF shows that as of July 25th, the market value of IBIT has reached $21,890,121,436.41, and the position has increased to 338,128.5551 BTC, an increase of 1,092.7881 BTC from the previous trading day.
Cointime精选 ·

Is government oversight non-negotiable for the future of crypto?

Governments aren’t known for allowing anything to thrive without some oversight or control, but for the most part, crypto is proving to be an exception.
The U.S. core PCE price index rose 0.2% in June, compared with expectations of 0.1% and the previous value of 0.10%.

The US core PCE price index for June was 0.2%, exceeding expectations of 0.1% and the previous value of 0.10%; the US core PCE price index for June recorded a year-on-year increase of 2.6%, higher than expected. The US core PCE price index for June recorded a monthly rate of 0.1%, unchanged from the previous month and in line with expectations.
ABCDE Capital ·

ABCDE: Why We Invest in aPriori

aPriori is an MEV (Maximal Extractable Value) liquid staking platform on Monad. Its innovative design significantly reduces latency, maximizing compatibility with Monad’s high performance. The team members are from the high-frequency trading field, with experience in top companies like Jump Crypto, Flow Traders, and Coinbase. With the team’s background in top high-frequency trading crypto institutions, aPriori is building the infrastructure that helps Monad realize its potential as a high-throughput network ready for mass adoption.
Cointime精选 ·

APRO Oracle and Lnfi Network Launch Groundbreaking Price Oracle Service on Lightning Network

We are thrilled to announce that APRO Oracle is joining forces with Lnfi Network to introduce the first-ever price oracle service based on the latest mainnet version of Taproot Assets. This collaboration aims to provide weighted prices from major exchanges like Binance directly to the Lightning Network, ensuring a new level of efficiency and reliability in decentralized finance.
Grayscale GBTC holdings are approximately 271,200 BTC, and the number of ETHE shares in circulation has fallen below 300 million

Official data from Grayscale shows that as of July 25th, Grayscale GBTC holds 271,212.2467 BTC, a decrease of 410.3257 BTC from the previous trading day, with an asset management scale (non-GAAP) of $17,542,084,056.48 and a circulation share of 306,180,100 shares; Grayscale ETHE holds 2,391,684.2607 ETH, a decrease of 97,390.7166 ETH from the previous trading day, with an asset management scale (non-GAAP) of $7,468,775,526.14 and a circulation share of 282,168,500 shares; Grayscale ETH holds 310,308.0733 ETH, an increase of 13,663.3797 ETH from the previous trading day, with an asset management scale (non-GAAP) of $969,033,154.46 and a circulation share of 329,308,500 shares.