Advertisement     Cardano network’s founder Charles Hoskinson has expressed support for algorithmic stablecoins in the long run, noting that they are necessary to real...
Tag: DePegs
Crypto Shaken as SVB Risk Depegs Second-Largest Stablecoin
(Bloomberg) — The fallout from the failure of Silicon Valley Bank reached further into crypto, unhinging a key cog in the market that’s meant to be among the safest digital assets in the space. ...
$6,300,000,000 Erased From USDC Market Cap As Top Stablecoin Depegs From US Dollar
USD Coin (USDC) is struggling to maintain its peg to the US dollar after revelations that some of the cash backing the top stablecoin is stuck in Silicon Valley Bank. The Boston-based firm says $3.3 b...
USDC depegs as Circle burns $2.34b in 24 hours
USD Coin (USDC) lost its $1 peg to the USD, trading to low as 81.5 cents on Mar. 11. Meanwhile, trackers indicate that Circle, the issuer of USDC, has burned $2.34b in the last day to meet increasing ...
DAI Depegs as Stablecoin Rout Plagues Crypto
Sign up for Crypto for Advisors, our weekly newsletter defining crypto, digital assets and the future of finance. DISCLOSURE Please note that our privacy policy, terms of use, cookies, and do not sell...
USDC de-pegs, Kraken CEO wonders if the market is losing trust in US products
By Mar. 11, USDC, a stablecoin, de-pegged, falling to as low as $0.89 during the Asian session, trackers reveal. USDC de-pegs after Silicon Valley Bank folds The de-pegging of the USDC, theoretically ...
USDC Depegs Below $0.90, Circle Confirms Exposure to SVB
Crypto investors have flocked to redeem their USD Coin (USDC) holdings after its issuer Circle revealed it held $3.3 billion of its reserves at the failed Silicon Valley Bank (SVB). Concerns about USD...
Circle stablecoin USDC depegs to under $0.90
USD Coin (USDC/USD) has fallen below $0.90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank. The cryptocurrency news this Saturday also sees major cryptocurrencies, includin...
USDC Depegs as Circle Reveals Exposure To Struggling Silicon Valley Bank
7 seconds ago | 2 mins read Altcoin News Circle verified that $3.3 billion of the USDC reserves was lying with SVB. As of this writing, the USDC was trading at $0.8974. The price of USD Coin (USDC) dr...
USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank
Almost immediately after USD Coin (USDC) issuer Circle revealed it was not able to withdraw $3.3 billion of its $40 billion from Silicon Valley Bank (SVB), the resultant sell-off caused the price of t...
Tron Shrinks, USDD Depegs: Huobi drama to be blamed
Justin Sun, the founder of Tron, also sits on the advisory board at Huobi. Huobi announced 20% layoffs and employees to receive salaries in stablecoins. Tron-based USDD lost its peg by 3 cents. Tro...
Tether De-pegs from $1 Despite Ongoing Broader Market Jump
Godfrey Benjamin Tether has de-pegged from its intended $1 benchmark despite bullish trend of broader market Tether (USDT), the largest stablecoin in the digital currency ecosystem, has been trading a...
Waves founder announces new stablecoin as USDN depegs
Sasha Ivanov, founder and CEO of the Waves blockchain platform, is planning to launch a new stablecoin amid the ongoing crisis of the Waves-backed stablecoin, Neutrino USD (USDN). Ivanov took to Twitt...
Waves to launch new stablecoin after USDN depegs
Today, waves founder Sasha Ivanov announced the launching of a new stablecoin and a solution to curb the current USDN problems. New stablecoin in town Waves’ creator Sasha Ivanov posted a tweet that h...
Tron’s Native Stablecoin USDD Depegs, Now Trading at $0.97
Apparently, after Sun’s massive trade, USDD is currently at $0.974. With a current market valuation of $708 million, USDD is the ninth biggest stablecoin. Early on Monday, Justin Sun said on Twitter t...
Waves Stablecoin USDN Depegs Massively; Is This the End Of?
USDN Depegs Updates: As the global digital asset market continues to decline after the horrible collapse of FTX, stablecoins are now feeling the heat. Data depicts that Algorithmic stablecoins like T...
Tron’s Stablecoin USDD De-Pegs, Hits June Lows
The post Tron’s Stablecoin USDD De-Pegs, Hits June Lows appeared first on Coinpedia Fintech News On Monday, the algorithmic decentralized USD (USDD) stablecoin on the Tron network dropped...
Justin Sun’s USDD Stablecoin Depegs To $0.96, Tron (TRX) Dumped
Justin Sun’s algorithmic stablecoin USDD depegs again and falls to $0.96. Tron blockchain’s native algorithmic stablecoin failed to repeg against the US dollar following the collapse of crypto exchang...
Crypto Market Crash; Justin Sun TRON’s Stablecoin USDD Depegs Heavily
Crypto News Today Live Updates December and Latest News: (12 December 2022) The global digital asset market continues to fall due to increased uncertainty in the market. The cumulative market cap is d...
Waves’ USDN Stablecoin Depegs, Korean Regulator Issues Warning
Algorithmic stablecoin Neutrino Dollar (USDN) has depegged from the dollar once again, marking the fifth time that USDN has had trouble maintaining its dollar peg this year. The Waves-backed stablecoi...
WBTC depegs from BTC: The fear is real
Bitcoin-backed Wrapped Bitcoin (WBTC) tokens have been trading at a discount compared to their Bitcoin backing ever since the fall of major crypto exchange FTX. Market data provided by Done shows that...
wBTC Slightly Depegs on Alameda Rumors – Trustnodes
One wBTC is currently not one BTC for the first time since this tokenized dollar launched in 2018. One wBTC is currently worth 0.99 bitcoin, a small difference that nonetheless systematically amounts ...
stETH Depegs After Whale Pulls 84,000 ETH From Curve Pool
A whale removed 84,131.76 ETH from DeFi protocol Curve Finance, causing stETH to depeg to 0.9671 ETH. The whale moved his stETH from Curve to address 0xf44Ac73b957B28207504Ee2fd5d51eCbfeF7d8fF, which ...
Whales Started Removing Ethereum (ETH) Holdings, stETH-ETH Depegs
Whales became active after crypto prices fell to the lowest levels, starting to buy the dip. As a result, the crypto market recovered with Bitcoin and Ethereum prices skyrocketing over 8% and 10%, res...
Analysts urge calm as Tether depegs from USD, Bitcoin loses $17K rebound
Bitcoin (BTC) and crypto markets saw fresh volatility on Nov. 10 after stablecoin Tether (USDT) unpegged from the United States dollar. USDT/USD 1-day candle chart (Binance US). Source: TradingView Te...
Justin Sun’s Algorithmic Stablecoin USDD Depegs
Tron founder Justin Sun looks to work on a “wholistic solution” to save FTX from the liquidity crunch. Meanwhile, on-chain data suggested algorithmic stablecoin USDD has started to depeg suddenly and ...
Algorithmic Stablecoin USDD Depegs, Now Trading at $0.98
11 seconds ago | 2 mins read Altcoin News A whale executed a 4.49 million USDD to 4.46 million USDT exchange. The USD dropped to $0.975 on November 9 when another “whale” traded 6.65M USDD. Justin Sun...
TRON-Based USDD Stablecoin on Shaky Ground as It Depegs to $0.97
The fallout from this week’s crypto contagion continues to send shockwaves across the industry. The latest digital asset on thin ice is the TRON-based USDD stablecoin. Justin Sun’s stablecoin, USDD, h...
$3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10% – Altcoins Bitcoin News
Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, ...
Huobi Native Stablecoin Momentarily De-Pegs From Us Dollar Due to Liquidity Issues
While writing this article, HUSD, a stablecoin, is trading at $0.9978 and has attained a hike of 13% in the last 24 hours. Huobi intends to receive a Virtual Asset MVP License from Dubai’s Virtua...
Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues
The stablecoin of crypto exchange platform Huobi briefly de-pegged from the US dollar due to liquidity problems. The stablecoin, HUSD, dipped to as low as $0.87 before its liquidity crisis was resolve...
Hacker Prints 1.2B AUSD On Acala Network, AUSD Depegs After The Exploit – crypto.news
This year has been rough for stablecoins as several stablecoins have depegged from the USD. On August 14th, the AUSD (Polkadot-based stablecoin) of Acala Network dropped below $1. Reports revealed tha...