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Author: Lele Jima

Telegram Crypto Wallet Announces Zero-Fee USDT Purchase Promo and Valentines Day Special Giveaway

The team behind Telegrams built-in crypto wallet, Wallet, has launched new campaigns to drive the adoption of stablecoins, particularly Tether (USDT). In an X post today, the team announced a zero-fee offer for the purchase of USDT via Telegram's built-in crypto wallet. This offer is only available to users who purchase USDT using their bank cards. The team described the initiative as the first of its kind, suggesting that no blockchain wallet offers zero-fee options for USDT purchases. https://twitter.com/wallet_tg/status/1890356698566553613For context, Telegram added USDT support in March 2023, allowing users to send, receive, and buy the stablecoin using the Wallet bot.Availability Popular Chinese blockchain reporter Colin Wu disclosed that the offering is currently available in more than 60 countries across Europe, Southeast Asia, and Latin America. Wu indicated that the move is part of efforts to reduce costs and drive stablecoin adoption in these regions. It could also attract more people into the crypto space, as newcomers can purchase the worlds largest stablecoin without incurring any cost. In addition, Wu noted that the initiative stems from a partnership between popular payment infrastructure Mercuryo and The Open Platform (TOP). Wallet Launches 2 Valentine Giveaway Campaigns Meanwhile, Telegram Wallet unveiled two special giveaway campaigns to celebrate Valentines Day. Round-Up BalanceThe first event will see Telegram Wallet round-up users balances when they buy specific amounts of USDT today. Notably, a purchase of 14.02 USDT will be rounded up to a balance of 15 USDT. Similarly, 140.2 USDT and 1,402 USDT purchases will be rounded to 150 USDT and 1,500 USDT, respectively. The first and second offers are limited to the first 1,402 users each, while the last offer is only available to 14 users. Eligible users will receive their bonuses in their Wallets on February 16. Valentines Day Special Package Telegram Wallet announced another giveaway, specifically for the Valentines Day celebration. In this event, users are required to share a picture of their Valentines Day celebration in the comment section of the announcement using the caption #LoveIsWallet. The deadline for this submission is February 16, 2025. Afterward, the team will randomly select 14 users who will receive 100 USDT each in their Telegram Wallets. Winners will be announced on February 21, 2025, with rewards credited shortly after.

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Stablecoin Market Adds Nearly $17B in 2025: Heres Why This Can Be Bullish for Bitcoin and Crypto

Author: Sam Wisdom Raphael

United States

Source: The Crypto Basic

Feb 12, 2025 03:35

Stablecoin Market Adds Nearly $17B in 2025: Heres Why This Can Be Bullish for Bitcoin and Crypto

The stablecoin market has grown in valuation recently, and this could be bullish for Bitcoin and other risk assets.The stablecoin market has expanded significantly in 2025, adding about $16.97 billion since the start of the year, according to blockchain analytics platform Glassnode.https://twitter.com/glassnode/status/1889294602856702202The firm revealed that the total stablecoin circulating supply has risen from about $194.2 billion to around $211.2 billion this year. Notably, this growth suggests increasing liquidity in the crypto market. Stablecoin Growth Trends in 2025 However, Glassnode noted that stablecoin issuance has not been uniform throughout the year. In November and December 2024, the market grew by roughly $450 million every day. Nonetheless, the pace slowed in January 2025, averaging $400 million per day. This month, growth picked up again, with an average daily increase of $541 million. Mid-January saw a notable spike, as the seven-day average stablecoin issuance moved above the 30-day simple moving average (SMA). This indicated renewed short-term demand, signaling that capital is flowing back into crypto. Stablecoin Circulating Supply | GlassnodeFor context, several large stablecoin issuances have occurred over the past week alone. On Feb. 4, blockchain tracking platform Whale Alert reported that Tether minted 1 billion USDT in a single transaction. https://twitter.com/whale_alert/status/1886823605784240372Additionally, Circle, the issuer of USDC, minted 750 million USDC across three separate instances on Feb. 4, 6, and 7, with each issuance totaling 250 million USDC. Further, in total, Circle has created 1.057 billion USDC in February alone. Paxos, the issuer of PYUSD, also added 65 million PYUSD to the supply this month. USDT Dominates the Stablecoin Market Despite MiCA ChallengesNotably, the stablecoin market capitalization has now grown to $230 billion, according to CoinMarketCap. Tether continues to lead, with a market cap of $141.9 billion, despite facing regulatory issues under the European Union's MiCA framework, which has led to delistings. USDC follows with a market capitalization of $56.2 billion. Ethena USDe (USDe) ranks third with $6 billion, while Dai (DAI) holds the fourth position with $5.3 billion. Why Stablecoin Growth Can Be Bullish for Bitcoin and Crypto The increasing stablecoin supply is often a precursor to higher buying pressure in the crypto market. When investors hold more stablecoins, they usually position themselves to buy risk assets, which can drive prices higher. Meanwhile, Santiment recently reported that crypto traders had shifted their attention toward Bitcoin and Layer-1 blockchains, such as Cardano, Toncoin, Solana, and Ethereum. https://twitter.com/santimentfeed/status/1889065568101413148These assets collectively account for 44.2% of discussions in the crypto community. Meanwhile, interest in meme coins like Dogecoin, Shiba Inu, and Pepe has declined. According to Santiment, this change leads to a more stable market environment. Meme coins typically thrive on speculative hype, but when the focus moves to Bitcoin and Layer 1 networks, it suggests a more mature and sustainable growth phase. Historically, excessive speculation in meme coins has preceded market corrections. In contrast, rising interest in core blockchain infrastructure often points to a stronger foundation for long-term growth.

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