MakerDAO has a new proposal to introduce a debt ceiling breaker. MKR has commenced a new bear run. In a new emergency executive proposal, leading DeFi platform MakerDAO [MKR] has sought community app...
Tag: Depegging
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
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Depegging of USDC and DAI Saves Borrowers $100 Million
Over the weekend, the depegging of two major stablecoins, USD Coin (USDC) and Dai (DAI), from the US dollar prompted a frenzy of loan repayments on decentralized lending protocols Aave and Compound. B...
Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live
This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg. We kick things off with this week’s top ...
USDC’s ‘Black Swan’ Depegging Could Have Been Avoided With Proper Regulatory Framework
In November 2021, the President’s Working Group on Financial Markets (PWG) produced a comprehensive report outlining a regulatory framework for stablecoins. The report, led by the U.S. Treasury Depart...
Mysterious Shiba Inu (SHIB) Trader Nets Huge Profit Selling Ethereum (ETH) During USDC Depegging: On-Chain Data
A mysterious Shiba Inu (SHIB) trader pocketed millions of dollars in the wake of the USD Coin (USDC) depegging, according to on-chain data. Blockchain tracking firm Lookonchain says that as the USDC s...
Circle Mints $407,000,000 Worth of USDC as Stablecoin Recovers From Depegging Incident: Nansen
Circle has minted hundreds of millions of dollars worth of US Dollar Coin (UDSC) as the second-largest stablecoin by market cap recovers from its recent depegging from the dollar. USDC, a stablecoin d...
Insider Trading? Early SHIB Trader Nets $4M+ Trading ETH During USDC De-pegging
Lookonchain disclosed that the unknown investor’s funds are now parked in USDT across the 15 addresses. An early Shiba Inu investor and trader recently bagged over $4 million in profits from trading E...
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data
Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend, on-chain data shows. According to blockchain tracking fi...
Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging
Meanwhile, Binance is not alone in considering a move into traditional finance; Kraken has also stated its intention to open a bank. Read more: Kraken eyes own bank amid regulatory scrutiny The collap...
Assessing Tron CEO Justin Sun’s take on SVB saga and USDC depegging
Justin Sun revealed his thoughts on the USDC depeg and was worried about its impact. TRX bounced courtesy of accumulation during its brief dip into oversold territory. Tron founder and CEO Justin Sun ...
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident – Market Updates Bitcoin News
On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) p...
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident – Bitcoin News
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of wri...
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity – Bitcoin News
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0...
Is Vitalik Buterin Supporting USDC Amid Heavy Depegging?
USDC Crash News: Silicon Valley Bank collapse turns out to be the biggest bank to fall since the financial crisis erupted in 2008. However, this crisis has also indulged the cryptocurrency industry wi...
Depegging, bank runs and other risks loom – Cointelegraph Magazine
Stablecoins are entering a period of great uncertainty following the U.S. Securities and Exchange Commission labeling BUSD an “unregistered security” and ordering Paxos to stop minting new tokens. Do ...
Djed Stablecoin’s Depegging Restarts Reserve Debate
Earlier this week, Cardano’s recently-launched stablecoin Djed lost its peg to the U.S. dollar, drawing attention to the importance of regulatory frameworks governing stablecoin reserves. On Feb. 2, ...
BUSD faces depegging scare: What’s going on, Binance?
BUSD under FUD because of reports showing insufficient backing. Until the time of writing, the stablecoin was able to maintain its peg. The stablecoin of trading platform Binance [BUSD] is in the spo...
Trader makes $113k on depegging USDN
A brilliant trader bags $113,000 by trading USDN amid the stablecoin depegging to $0.51. The USDN woes brought blessings to one smart trader who bagged $113,000 in a successful trade of the fading sta...
Here’s the full scope of UST’s de-pegging on the stablecoin market
Following the collapse of TerraLUNA in May, never-before-seen attention has since been placed on stablecoins. In fact, there are many who still harbor doubts about the ‘stability’ of this class of cry...
Waves Founder Defends USDN Stablecoin Depegging, Trashes Fears of a UST-Like Implosion; Bitcoin Burrows in Above $20K
With Ethereum’s long-awaited transition to proof-of-stake (PoS) fast approaching, blockchain analytics firm Coin Metrics is out with a new report explaining the move, along with data that provid...
Acala Stablecoin (ausd) Now Trading At $0.70 After Depegging From USD
– Advertisement – Acala’s Stablecoin Falls by 3.65% In 24 Hours. Several stablecoins have had a horrible year sustaining their US dollar value peg, and Acala network’s aUSD is no differe...
MakerDAO co-founder recommends DAI-USD depegging to limit attack surface
In light of the recent discussions around depegging its native token from USD Coin (USDC) amid sanctioning of Tornado Cash, MakerDAO co-founder Rune Christensen reached out to the community explaining...
Do Kwon Thinks An Employee Was Behind The Depegging Of TerraUSD But Fully Accepts All The Blame ⋆ ZyCrypto
Advertisement     Terra’s founder believes that the implosion of the network was set off by an ex-employee leaking insider information. The embattled founder is optimi...
MakerDAO should ‘seriously consider’ depegging DAI from USD — Founder
MakerDAO founder Rune Christensen has urged members of the decentralized autonomous organization (DAO) to “seriously consider” preparing for the depeg of its Dai (DAI) stablecoin from the United State...
More Than 48 Terra Projects Migrated To Polygon Since May’s UST Depegging
The Terra (LUNA) crash was one of the decisive moments for the whole crypto space where the stability of stablecoins and the whole crypto market were questioned. In just one week, the crash washed-out...
TRON surges by 23% as the Markets start to bet on USDD depegging Fix
TRON surges by 23% as people have started to believe that over-collateralization can safeguard against USDD depeg. Do people still have faith in an algorithmic stablecoin? Check out this story. TRON (...
TRON Price On The Up As Risk Of USDD Depegging Falters
– Advertisement – Tron Price is showing that the USDD depegging pressure is releasing. Today, the price of Tron (TRX) is breaking bears and watching them exit the market as bulls knock o...
TRON DAO Reserve Buys 10M USDD In An Effort To Stop Its Stablecoin From Depegging
– Advertisement – TRON DAO Reserve acquired 10m of TRON stable coin USDD to protect the blockchain and crypto industry. Justin Sun and the TRON DAO Reserve have just announced that they ...
How Tron [TRX] is managing to keep its boat afloat amid looming depegging fears
We’re entering the fifth day of the Ton’s DAO crisis. While Justin Sun and his team have been trying to peg back USDD to $1, TRX itself has dropped by double digits during the course of the week despi...
Justin Sun’s Revival Plan To Save USDD From De-Pegging!
Despite recent efforts by the Tron DAO to overcollateralize the token, Tron’s algorithmic stablecoin USDD appears to be in crisis. During market turbulence, the theoretically stable USDD token lost it...