The top stablecoin by volume was DAI, from MakerDAO, which recorded a massive $962.32 billion in transactions. This large number is believed to be driven by growing interest in DeFi products.
YouTube was alerted to the issue after several users reported the fake livestreams. In response, YouTube’s support team took to X, asking viewers to report any suspicious videos.
Elon Musk and Tesla were accused of artificially driving up Dogecoin’s price by over 36,000% before allowing it to crash. A federal judge dismissed the $258 billion lawsuit, clearing them of wrongdoing.
When $PYUSD was first launched, its market capitalisation was modest, sitting at under $50 million. This made it a small player in the vast world of stablecoins.
According to reports, one of these exchanges will use the existing St. Petersburg Currency Exchange (SPCE) database to handle transactions related to foreign economic activities.
The development of this Dirham-pegged stablecoin is supported by significant partnerships with the Phoenix Group and Green Acorn Investments.
ETHA’s journey to the $1 billion mark was solidified by an inflow of $26.8 million on 20 August. This achievement is particularly impressive given the competitive landscape.
The success of BlackRock’s iShares Bitcoin ETF (IBIT), launched in January 2024, has been a major factor in its rapid rise.
The rapid increase in transactions reflects a 140% growth in daily transaction volume since the start of 2024.
A crucial element of this progress is EIP-3370 which is a “a step towards making interactions between different Ethereum layers more user-friendly and intuitive”.
