Major domestic virtual assets are on the rise.
As of 1 p.m. on the 25th, Bitcoin (BTC) is trading at 86,598,000 won, up 0.19% from the previous day. Ethereum (ETH) rose 2.08% to 4,765,000 won. Tether (USDT) was traded at 1,412 won, up 0.14% from the previous day, and Binance Coin (BNB) was traded at 811,000 won, up 1.63% from the previous day. Solana (SOL) rose 5.85% to 191,800 won.
The international market is mixed. At the same time, on CoinMarketCap, BTC recorded $61,280.87, down 2.47% from the previous day. ETH was traded at $3371.22, down 0.88%. USDT rose 0.03% to $0.9996, and BNB fell 0.35% to $573.99. SOL was trading at $135.90, up 7.65%.
The total market capitalization of virtual assets is $2.26 trillion (KRW 3,134.168 trillion), an increase of $1.07 trillion (KRW 1,483.876 trillion) compared to the same period last year. The fear and greed index of virtual asset data company Alternative.me is in a 'fear' state at 30 points, down 21 points from the previous day.
Stablecoin issuer Tether will stop issuing USDT on the EOS and Algorand blockchains.
Starting on the 24th (local time), Tether will stop issuing new USDT on the EOS and Algorand blockchains and will continue repurchasing stablecoins for the next 12 months. Tether's decision is understood to be aimed at balancing the virtual asset ecosystem. “We are carefully evaluating our network security architecture to ensure the safety of the blockchain where USDT issuance will cease,” Tether said. “Tether’s ultimate goal is to allocate resources to improve efficiency while strengthening security.” “He added.
EOS and Algorand are not the only blockchains where Tether has stopped issuing USDT. In August last year, Tether suspended USDT issuance for three blockchains, including Kusama, Bitcoin Cash SLP, and Bitcoin Omni Layer.
Meanwhile, there are currently 17 blockchains where USDT transactions take place, including Aos and Algorand, Ethereum, Tron, Solana, and Tone Network (TON). EOS and Algorand account for less than 0.1% of the total USDT supply. The EOS-based USDT circulating volume is $75.5 million (KRW 104.734 billion), which is only 0.06% of the total USDT circulating volume.
- Reporter Yang Jin-ha
- jjing@rni.kr
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