Stablecoins play a significant role in the stability of the crypto market. This is why there has been an uproar as Tether resumes USDT lending. As a result, there has been a spike in the trading volume of the top competitor, USD Coin (USDC). Meanwhile, Tradecurve Markets shaking up things in the crypto exchange space, raising over 6M in its presale phase.
>>Register For The Tradecurve Markets Presale<<
After nearly a year after Tether halted lending of USDT, the stablecoin issuer has resumed. In an update, the company confirmed that it has resumed collateralized client loans. According to Tether, these loans are short-term.
Based on its latest report, the company has over $5.5 billion of loans in Tether coin. To protect the stability of USDT, the company said it will keep an excess reserve. According to the report, Tether has $3.3 billion excess in its reserves.
While Tether projected a healthy annual profit of $4 billion, the crypto market reacted positively to the news. This is because the stablecoin issuer previously announced that it was going to stop loans.
The top competitor of Tether, USD Coin (USDC) has seen an increase in its volume. Since hitting a monthly low of $830 million on September 11, the trading activity with the Circle USD Coin has been on the rise.
The trading volume of USD Coin has increased to over $3.1 billion on September 25. In September, Circle launched the USD Coin on five different blockchains. The company is also preparing to launch the USDC stablecoin on the Polyon network in the coming days.
This rapid expansion could help the USD Coin challenge Tether for dominance. In comparison, USDT has processed over $20 billion on September 25. Meanwhile, the USD Coin price remains pegged at $1 with a market cap of $25.6 billion.
The project is a name that has been shaking up the crypto exchange space because of its unique hybrid infrastructure. Tradecurve market is a fusion of the best features of both centralized exchanges (CEX) and decentralized exchanges (DEX).
As a result, traders can enjoy high liquidity, fast trades, low latency, and access to different assets on Tradecurve Markets. Experts believe that Tradecurve Markets will solve many long-standing issues in the crypto exchange space.
One of its most anticipated features is its connection to the over-the-counter derivatives market. Tradecurve Markets is the first exchange platform where users will trade stocks, options, forex, and crypto CFDs using one account. The demo version of the platform is now available, with users already testing this feature.
According to crypto experts, this feature will make Tradecurve Markets the dominant crypto exchange. Its utility token, TCRV, is now in its fifth presale stage. TCRV Trading at $0.025 per token, they have predicted that TCRV will reach a high of $0.5 before the year ends.
For more information about the Tradecurve Markets (TCRV) presale:
Website: https://tradecurvemarkets.com/
Buy presale: https://app.tradecurvemarkets.com/sign-up
Twitter: https://twitter.com/Tradecurveapp
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