Search results for USDS
Crypto
Stablecoin growth jumps despite market contraction; Q1 volume hits $8.3 trillion
Stablecoin market capitalisation hit a record about $322 billion as supply rose by $2.25 billion over the past week and first-quarter 2026 trading volume reached $8.3 trillion. The gains came as the broader cryptocurrency market shrank 21%. Stablecoins accounted for about 75% of total crypto trading in the quarter, while USDC supply expanded and USDT supply fell even as its usage metrics increased.
Industry
ByteDance valuation tops $600 billion as demand surges for founder stake sale
ByteDance, the parent of TikTok, has topped a record valuation of more than $600 billion as investor demand concentrated on a stake sale led by one of its founding members. The deal targets about $900 million in share transfers. People familiar with the matter said the seller initially priced the company at about $550 billion but raised the price amid sustained interest. ByteDance did not immediately respond to a request for comment.
Crypto
Sky cuts token buyback by 87 percent to boost USDS, DAI reserves
Decentralised finance protocol Sky will sharply reduce the size of its token buyback programme to bolster stablecoin reserves. DL News reported that a digital cooperative operating Sky voted on March 12 to cut daily buybacks to $37,600 from $300,000, an 87 percent reduction, for three months. Founder Rune Christensen cited the war in Iran. Critics said the move came late as resources backing USDS and DAI have been shrinking.
