Financial markets are undeniably sensitive to the news regardless of whether it is company or industry-specific. The cryptocurrency market being the nascent one among all the economic sectors also pro...
Tag: Peg
Investor Mints $407.8M in USDC as Stablecoin Recovers Dollar Peg
Those looking to stablecoin issuer Circle as crypto’s next fire sale may have to look elsewhere. At the time of writing, Circle’s U.S. dollar-pegged stablecoin has almost regained its full value afte...
Crypto Market Rallies on FDIC Banking Intervention, USDC Regains Dollar Peg
The market cap of all cryptocurrencies is back above the $1 trillion mark. After a joint statement from the Federal Reserve, U.S. Treasury, and FDIC declared that all depositors of now-shuttered Silic...
USDC Loss Of Peg Shakes Crypto Market During SVB Collapse
SPONSORED POST* The cryptocurrency market is no stranger to volatility, but the recent USDC (USD Coin) loss of peg has sent shockwaves through the industry. Many traders and crypto users are wondering...
USDC Stablecoin Regains Dollar Peg, Crypto Daily TV 14/3/2023
In Todays Headline TV CryptoDaily News: USDC stablecoin regains dollar peg after Silicon Valley Bank-induced chaos. The USDC stablecoin regained its peg to the U.S. dollar, after falling below the $1...
Circle’s USDC Regains $1 Peg After Tumultuous Weekend
Key Takeaways Circle’s USDC is trading for $1 again. The stablecoin broke its peg late on Friday after Circle revealed it was exposed to Silicon Valley Bank. The U.S. government stepped in to assure a...
Top Stablecoins Flirt With USD Peg After Crashing to All-Time Lows
Circle’s USDC and other stablecoins are still struggling to return to their US dollar peg after collapsing over the weekend in response to a spate of crypto bank failures. USDC was trading at under $0...
USDC nearly regains $1 peg after Circle says SVB deposit is available
In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images USD Coin (USDC) came close to r...
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The panic caused due to USD Coin’s (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per Bitcoin (BTC), albeit for several minutes. Bitcoin price sees...
USDC bounces back toward $1 peg after Fed announcement
Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the firm has new banking partners lined up at “banking ...
USDC Recouping its Lost Peg, Suffers due to SVB Exposure
Due to SVB exposure, USDC lost its peg but soon recoiled to the $1 peg after the issuer pledged to cover losses. Circle Internet Financial Ltd. held $3.3 billion in reserves in the second-largest bank...
USDC To Regain $1 Peg As Circle Devises Strategy To Cover Shortfall
In an official statement, USDC issuer Circle stated that it would resume normal operations from Monday and that the stablecoin will be redeemable one-for-one with the U.S. dollar as it plans to utiliz...
Jeremy Allaire Says Circle Will Use Own Resources to Cover Shortfalls As USDC Moves Closer to Peg
Circle CEO Jeremy Allaire is speaking out for the first time following USDC‘s depeg from the dollar, which saw over $6.3 billion disappear from the second-largest stablecoin’s market cap. In a new com...
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
Ad Nine of the top 10 stablecoins by market cap are trading below their dollar peg as the market reels from the contagion sparked by the depeg of Circle’s USDC stablecoin on March 11, according to Cry...
USDC Stablecoin Loses Dollar Peg Following Collapse of Major Banking Partner ⋆ ZyCrypto
Advertisement     USDC stablecoin lost its peg to the dollar early Saturday, dropping as low as $0.84 moments after the descent of Silicon Valley Bank, a major banking...
USDC Dollar Peg Takes Major Hit Amid High Volatility
Circle, the issuer of the USDC stablecoin is facing massive heat from the shutdown of the Silicon Valley Bank (SVB) on Friday, March 10. Circle has recently confirmed that it has $3.3 billion, of its ...
Ultimate Bet, USDT perps, Tron bets, and the $1 peg
Throughout history, many online gambling and poker sites have been subject to fraud. Owners would cheat, overstate the odds of winning, operate like a Ponzi scheme, refuse to process withdrawals, or s...
USP Stablecoin Losses Dollar Peg Following $8.5 Million Attack On DeFi Protocol Platypus
Join Our Telegram channel to stay up to date on breaking news coverage USP, the stablecoin of DeFi protocol Platypus Finance has lost its peg to the dollar after an $8.5 million flash-loan exploit. ...
Binance USD [BUSD] maintains its peg even as outflow increases
BUSD has been able to maintain the $1 peg despite its FUD. Binance’s BUSD reserve has declined to around 12.4 billion. The regulatory hammer hung above Binance for some time before landing on Binance ...
Terra’s UST Peg Was Maintained Artificially, Not By Algorithm?
Terra’s indigenous stablecoin, the TerraUSD (UST), was once touted to be an engineering marvel in the blockchain sector. With its unique, dual token system–it behaved like any other stablecoin which t...
Gemini’s stablecoin loses USD peg amid OKX delisting
Gemini-backed stablecoin Gemini Dollar(GUSD) has lost its parity with the US Dollar, falling by 0.84% to $0.9851 in the last 24 hours, according to CryptoSlate’s data. Available data shows that the st...
GUSD Stablecoin Loses Dollar Peg After OKX Delisting
The Gemini Dollar (GUSD) has been experiencing some fluctuations, with the stablecoin losing its peg over the past week. The exchange is currently the center of attention for its Gemini Earn program. ...
Binance Says There Were Flaws In Maintaining BUSD Peg
Binance’s BUSD stablecoin is currently one of the largest in the crypto sector, but there have been concerns about the stability of the asset, especially with the collapse of the Terra UST stablecoin....
Why Justin Sun’s Stablecoin USDD Is Struggling To Maintain Its Dollar Peg
A stablecoin is a cryptocurrency that is pegged to a certain fiat currency. It provides stability for investors of crypto, making transactions easier. USDD, a stablecoin created by the founder of the ...
Huobi Trading Volume Plummets As USDD Loses Peg
The global trading volume of the Huobi exchange plummeted in the past day amid rumors of internal turmoil. The Huobi Token (HT) and TRON (TRX) tokens are also down sharply. Huobi Global is experiencin...
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg – Altcoins Bitcoin News
2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erase...
Ethereum Rival Plummets in Price After Stablecoin Built on Its Chain Loses Peg to US Dollar
The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at...
Reasons Behind Stablecoins Losing Their Peg
Contents Why does this happen? Mismanagement also contributes to stablecoin’s downfall This year has been one of the toughest for the cryptocurrency market. The bears managed to hit even the sta...
Justin Sun’s stablecoin USDD quietly loses peg amid FTX chaos
Crypto exchange FTX, trading firm Alameda Research, and news of the hundreds of other companies exposed to their collapse has kept the spotlight off a few floundering projects. Take, for instance, Jus...
TRON stablecoin USDD loses dollar peg amid Sun’s capital deploy, but TRX floats
TRON’s stablecoin, USDD, depegged from the dollar TRX price action held out in the negative as Justin Sun calmed the community USDD, the decentralized stablecoin of TRON [TRX], lost its peg to the dol...
Binance hits out at Reuters, USDD loses peg, Paxful delists ETH
The biggest news in the cryptoverse for Dec. 12 includes Binance saying “Reuters has it wrong again,” obscure token takes up 15% of ETH gas fees, USDD loses peg, and more CryptoSlate Top Stories XEN c...
Tron’s USDD loses its peg, trades at $0.98
Tron’s algorithmic stablecoin (USDD) has lost its peg amid crypto’s current tribulations due to the FTX collapse. The USDD is on shaky ground USDD, a stablecoin built on Tron’s decentralized autonomou...