Cryptocurrencies continue to reach significant milestones, challenging the traditional financial industry. In this article, we delve into three noteworthy financial trends: Tether’s emergence as a significant buyer of US Treasury bills. Meanwhile, Dai has seen impressive growth in market capitalization, and Tradecurve Markets’ (TCRV) soaring achievements, setting new records in the crypto exchange space.
- Tether is now the 22nd biggest holder of US Treasury bonds, with $72.5 billion
- The stablecoin market cap of DAI has surged by more than $1 billion as growth continues
- Tradecurve Markets’ hybrid exchange has drawn massive attention with analysts predicting a 50x price increase
Tether Becomes Top Buyer of US Treasury Bills
The issuer of the world’s biggest stablecoin, Tether (USDT), has become one of the leading global purchasers of US Treasury bills. According to Paolo Ardoino, the CTO of Tether, the company now has more than $72.5 billion in US Treasury bonds. Tether has now become the 22nd biggest holder of US Treasury bonds. In addition, the market cap of the USDT coin has increased by more than 25% this year. From $66 billion, the market cap of the Tether coin has increased to $82.9 billion. As the most used stablecoin, this feat adds more security and transparency to Tether. The stablecoin issuer also holds $3.3 billion in excess reserves to back the USDT.
Dai (DAI) Market Cap Surges Above $5 Billion
Another stablecoin that has reached a major milestone is Dai (DAI). Issued by MakeDAO, the usage of the DAI crypto has been on the rise, highlighted by the recent surge in the market cap of the stablecoin.
In the third quarter, the market cap of the Dai coin increased by more than $1 billion. From $4.4 billion in mid-August, the market capitalization of Dai has increased to a high of $5.4 billion. Dai is now ranked as the third largest stablecoin by market cap.
With talks about a new blockchain for MakerDAO, the utility of DAI could increase further in the coming weeks.
Tradecurve Markets (TCRV) Surges To New Record High
In the crypto exchange space, a new hybrid exchange, Tradecurve Markets, has been making all the headlines after its recent price jump. Starting at $0.010, Tradecurve Markets has rallied to a new high of $0.025, and could reach $0.030 in the sixth presale stage coming soon.
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Users of the new hybrid crypto exchange will have access to a variety of markets, including bonds, commodities, equities, ETFs, currency, and indices. This will boost its trading volume and utility above that of industry behemoths like Binance, which has the highest trading volume.
Despite difficult market conditions, the Tradecurve Markets utility token has increased by more than 100% thus far. TCRV’s worth extends beyond its status as a cryptocurrency. It provides token holders with a variety of services.
TCRV holders can use their tokens to earn passive income, receive discounts, and exercise governance rights. They can also use advanced features like copy trading, AI algorithmic trading, and bot trading. These unique sets of features are why crypto experts are bullish that Tradecurve Markets can rally as high as 50x before 2023 ends.
For more information about the Tradecurve Markets (TCRV) presale:
Buy presale: https://app.tradecurvemarkets.com/sign-up
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