2022 has been the year of mass exit from stablecoins as more than $14.3 billion has been redeemed from these tokens since March. Total Stablecoin Supply Is Down 8% From March 2022 Peak According to th...
Tag: Redeemed
Over $3.5 Billion Stablecoins redeemed
The market cap of top USD-pegged stablecoins has fallen significantly over the past two weeks following FTX’s implosion, according to available data. Crypto investors are massively redeeming their sta...
Celsius’ Top Brass Redeemed Millions Weeks Before Withdrawal Freeze
Celsius’ disclosure to court follows resignations from Mashinsky and Leon Several other executives made no significant withdrawals around the same time, transaction details showed The highest-ranking ...
USDC Enjoys Robust Reserve & Redeemed on 1:1 basis with USD, Says Circle CEO
Jeremy Allaire, the founder and Chief Executive Officer of USDC stablecoin issuer Circle took to Twitter recently to share updates about the firm and how it is in a better position financially despite...
Approximately 7 billion Tether (USDT) redeemed as stablecoin supply decreases
Following the cryptocurrency market turmoil, the total supply of stablecoins has fallen quite significantly. This reportedly marks Q2 of 2022 as the first time in crypto history where the overall supp...
$USDT Can’t be Redeemed 100%, It is Less Probable to Collapse Says Jun Yu – Coinpedia – Fintech & Cryptocurreny News Media
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It’s a big deal, ...
Close to 250 Casascius Physical Bitcoins Were Redeemed in 6 Months, $1.9B in BTC Remain Active – Featured Bitcoin News
Since September 18, 2021, close to 250 Casascius physical bitcoins were redeemed over the last 198 days. On that day six months ago, there were 19,920 Casascius physical bitcoins left active and today...