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Circle’s USDC and Tether’s USDT are the two largest stablecoins in the world, with a combined market capitalization of over $210 billion. However, the two tokens vary significantly in size, with USDT making up approximately $150 billion of that total. From this dominant position, Tether has been able to grow to achieve truly incredible profits, reporting that it earned $13 billion in 2024. This is compared to a mere $156 million for Circle. A portion of this difference comes down to the differences in reserves for the tokens . Read more: Why is Tether 213% bigger than Circle but 8,000% more profitable? For example, Circle maintains far more cash available than Tether — approximately $5.8 billion compared to Tether’s $64 million. This suggests that Tether has access to credit to manage redemptions. Tether is also willing to include certain types of investment in its reserves that Circle avoids, including: Secured loans Corpo...

One savvy crypto trader and deep-pocketed investor is drawing attention for making huge profits trading meme token Pepe (PEPE). Blockchain tracking firm Lookonchain says an anonymous trader moved 427 billion Pepe tokens worth $8.5 million at the time of the transfer to US-based crypto exchange Kraken where the crypto trove could potentially be sold on the open market. Meanwhile, the whale continues to hold one trillion PEPE worth $18.4 million at the time, showing a profit of about $2 million. According to Lookonchain, the same trader just last month gained millions of dollars in profit by selling all his Pepe holdings during the initial stages of a December market correction. The sale came after the trader had accumulated more than one trillion Pepe tokens between March and September of 2024. The trader subsequently bought more than one trillion PEPE again in late December as the memecoin’s price stabilized. Said Lookonchain at the time, “This smar...

Tether has released its most recent attestation, which claims record profits of $5.2 billion for the first half of 2024. However, a close review of the attestations shows that Tether ’s purchases of bitcoin seem to have been paused . For context, in May 2023, Tether announced its intention to “regularly allocate up to 15% of its net realized operating profits towards purchasing Bitcoin.” It further noted that these investments would “not exceed the Shareholder Capital Cushion” which has reached a total of almost $12 billion, however, the total amount of bitcoin on hand is less than $5 billion. Closely reviewing the attestations seems to suggest that Tether has not increased its quantity of bitcoin since its last attestation three months ago, despite these record profits .  This can be further confirmed by checking bc1qjasf9z3h7w3jspkhtgatgpyvvzgpa2wwd2lr0eh5tx44reyn2k7sfc27a4, the address that The Block has previously identified as where Tether w...

It is a known fact that Shiba Inu has fetched multiple traders and investors hefty profits. On the flip side, many past and current investors are underwater. Watcher Guru asked the My AI chatbot for tips to maximize SHIB profits, and it came up with three simple yet effective tips. In this article, we will be looking into them. Source: Decrypt Also Read: Shiba Inu: How Many SHIB Tokens Does Elon Musk Own? How to Make SHIB Profits? AI to the Rescue Market awareness plays a key role in both trading and investing. Owing to the high correlation, the market is closely knit. As a result, being wary of updates that could trigger the price is quite critical before trading or investing. Thus, the chatbot suggested monitoring the market “closely” before rolling the ball further. Source: Chat Snapshot with My AI Chatbot Also Read: Shiba Inu: AI Says ‘Exciting Ups’ Lie Ahead for SHIB It is very easy to get carried away by the hype and FOMO waves that ensue in the crypto ...