
Tether releases latest reserves reports, confirming a $3.3B liquidity buffer to maintain USDT’s stability. Aave suspends GHO minting to fix integration issue. Shibarium bridge token withdrawals are now live.
This week’s market cap index was positive at +1.91%, while volume and volatility indices were negative at -19.04% and 40.66%, respectively.
Payment titan PayPal introduced its Paxos-issued stablecoin PYUSD earlier this month as a contender to existing stablecoins. It is fully backed by US Dollar deposits, short-term Treasuries and similar cash equivalents.
Data from Crypto.com Price shows that PYUSD’s market cap has reached approximately US$43.2 million at the time of writing. Other recently launched stablecoins such as Aave’s GHO and Curve’s crvUSD have also gained substantial market capitalisation, standing at $23.4 million and $116.4 million respectively.
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