Search results for Allium
Crypto
Debate flares over stablecoin market share as Ethereum and Tron dominate supply
Ethereum and Tron together account for more than 80 percent of global stablecoin supply, according to a tally covering major blockchains. A social media post claiming Ethereum controls 87 percent spread after a user cited Artemis data and an X account criticised the XRP Ledger. A broader dashboard put Ethereum\'s share at 52.4 percent, with Tron at 28.8 percent. Visa-linked analysis showed June stablecoin transaction volumes hit a record.
Crypto
Blockchain data startup Allium raises $40 million
Blockchain data startup Allium raised $40 million in a Series B round led by Amplify Partners. Kleiner Perkins and Sequoia Ventures also participated, lifting Allium\'s total funding to about $61.5 million. The company collects, refines and standardises on-chain data across more than 150 blockchains and makes it available for queries by financial institutions, developers and analytics platforms. It counts Visa, Stripe, Coinbase and a16z Crypto as customers.
Crypto
USDC tops stablecoin trading volume in February, outpacing Tether
Stablecoin monthly trading volume reached a record $1.8 trillion in February, and Circle\'s USDC overtook Tether\'s USDT in trading volume, Cointelegraph reported on Friday. Data analytics firm Allium showed USDC recorded $1.26 trillion in volume, more than double Tether\'s $514 billion. Arkham said more than $3 billion worth of USDC was additionally issued in March, while Tether supply showed no major change. CryptoQuant linked a recent bitcoin rise above $74,000 to increased stablecoin holdings on exchanges.
