© Jakub Porzycki via Reuters Connect
Investing.com – The capitalization of the USDT stable has reached an all-time high, and Bloomberg has learned about Circle’s plans to hold an IPO in 2024 – these and other important news of the cryptocurrency market are in our review.
The market capitalization of the largest stablecoin Tether USD () exceeded $86 billion, updating its all-time high, according to service Coinmarketcap. Since the beginning of 2023, the capitalization of USDT has grown by 30%, from $66.24 billion to $86.12 billion. According to the DefiLlama service, the share of USDT in the total capitalization of all stablecoins is 68.76%. The second largest stablecoin is (USDC), issued by the American company Circle.
Circle Internet Financial Ltd., the issuer of the second largest stablecoin by capitalization USD Coin (), is considering the possibility of an IPO in early 2024. writes Bloomberg, citing its sources. According to sources familiar with the company’s plans, Circle is negotiating with consultants on IPO issues. At the moment, the company has not yet made a final decision regarding going public, and it is also unknown what valuation it will be able to claim.
The head of the Bank of Russia, Elvira Nabiullina, said that testing of the digital ruble is going according to plan, the Central Bank will begin to expand the pilot in 2024, and by 2025 will move on to the mass introduction of the digital ruble. transmits RBC. “Currently testing the digital ruble is going according to plan. Our plans next year are to expand this pilot both in the number of participants and in the types of operations. So far, our plans are to move to more mass implementation in 2025,” Nabiullina said.
The largest cryptocurrency exchange Binance presented its own Web3 wallet that allows users to interact with the decentralized finance (DeFi) ecosystem. According to conditions to use, published on the official Binance website, to create a Web3 wallet, the user needs to be linked to an existing account on the exchange. At the same time, Binance can monitor transactions for fraud, suspicious activity and sanctions evasion.
The valuation of NFT marketplace OpenSea dropped from $13.3 billion to $1.4 billion after one of its largest investors, New York venture capital firm Coatue Management, overestimated the value of its stake in the crypto startup by 90%, from $120 million to $13 million. reports edition of The Information.
Read us in Telegram and “In contact with”.
2023-11-08 15:37:00
#USDT #capitalization #alltime #high #crypto #market #news #Investing.com
