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...
Tag: Stablecoin
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...
Bermuda-based bank releases USD-pegged stablecoin
Bermuda’s first digital asset bank, Jewel, launched a stablecoin JUSD at the Polygon network. The company will release quarterly reporting on its reserves. On Monday, Jewel announced in a Twitter post...
Tron’s USDD Stablecoin Falls to Under 97 Cents, Lowest Level Since June
The USDD stablecoin, championed by Tron’s founder Justin Sun and managed by Tron’s decentralized autonomous organization (DAO), fell to slightly below 97 U.S. cents early Monday, hitting t...
Largest European Stablecoin STATIS EURS Now On XDC Network
STATIS puts Europe’s largest stablecoin upon XDC network. STATIS aims to take a faster Web3.0 integration and approach powered by XDC. Value of EURS spikes up suddenly and regains stablecoin momentum...
Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital – Altcoins Bitcoin News
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was ...
STASIS Deployed The Largest Euro Stablecoin EURS on XDC Network to Boost Web3 Payments
Singapore, December 12, 2022 — STASIS, the issuer of the largest euro-backed stablecoin, has deployed its EURS stablecoin on XDC Network, enabling the XDC community to advance their crypto journey int...
Justin Sun’s USDD Stablecoin Falls to $0.968 Low, Marks One-Month Below Peg
The USDD stablecoin, heavily backed by crypto entrepreneur Justin Sun, is the latest token under immense pressure in this bear market. In the early hours of Monday, the acclaimed stablecoin dropped to...
Tron’s USDD stablecoin falls to $0.97 as it loses dollar peg
Tron’s USDD stablecoin has lost its peg as its price dipped to $0.97, sparking fears of another UST collapse. The Tron-based algorithmic stablecoin launched on May 5, and its market cap currently stan...
Tron-backed USDD loses dollar parity as stablecoin dips below $0.97
Tron’s algorithmic stablecoin called Decentralized USD, known by its ticker USDD, slipped further from its supposed parity with the US dollar earlier today. USDD dropped to slightly below ...
Tron’s Stablecoin USDD Records a 6-Month Low – Is USTC 2.0 Underway?
After Terra’s UST, Tron’s stablecoin depegs massively which may be an aftermath of the collapse of a popular exchange FTX USDN appears to be in deep trouble as the aftermath of the collapse has heated...
Stablecoin USDD dips below $0.97 amid market jitters
Tron‘s Decentralised USD (USDD/USD) stablecoin dipped below $0.97 on Monday to touch its lowest level sincethe market turmoil of June 2022. As per data from market tracking site CoinGecko, USDD’s valu...
TRON USDD Stablecoin Slips Further From Dollar Parity
The price of the TRON USDD algorithmic stablecoin has dropped to $0.97, losing even more of its dollar parity. This could potentially put unwanted stress on USDD-paired DeFi pools on Curve. At press 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...
USDC, a sudden ETH whale interest, and what it means for the stablecoin
ETH whales regain interest in USDC as stablecoin wars start to heat up USDC purchases in the last 24 hours increased in the last 24 hours Circle’s USDC stablecoin made it to the list of most purchase...
Waves Break Silence Over DAXA Investigation, USDN Stablecoin Fails to Repeg
It has been a tough year for algorithmic stablecoins. Historically, these pegged tokens have failed to maintain a grip on $1, especially under extreme selling pressure. But the Terra collapse has been...
First EUR-pegged Regulated Stablecoin Inches Closer to Release
Vladislav Sopov Launched by Finnish fintech startup, EUROe introduces itself as first ever EU-regulated stablecoin pegged to Euro Contents First ever Euro-pegged stablecoin EUROe closes seed funding r...
A Stablecoin That Pays 1%, Launches 10th Of December, 2022
SFUSD is revolutionizing the way that digital money can be sent and spent online and in-store across the globe, by being cheaper, faster, and more secure. Each SFUSD can be converted 1:1 for USD. Spe...
UK Plans to Establish Regulation for Stablecoin Payments
The United Kingdom HM treasury is committed to establishing a safe framework for the use of stablecoins. The FSM Bill plans to regulate crypto assets. This Friday, the HM treasury of the United Kingdo...
Coinbase Announces Zero-Fee USDT to USDC Stablecoin Conversion
In what may signal the beginning of a new phase in the battle for stablecoin dominance, Coinbase, the world’s second-largest crypto exchange by trading volume, is now encouraging its users to swap fro...
Waves-backed stablecoin USDN drops further after regulator warning and exchange delisting
Algorithmic stablecoins have had a rough year, starting with TerraUSD (UST) depegging to zero and the subsequent blow-up of Terra’s LUNA token, which was used for the asset’s backing. Algorithmic stab...
Stablecoin wars heat up as Coinbase offers fee-free swaps from USDT to USDC
Coinbase has called on users to convert their Tether stablecoins to the stablecoin it cofounded, USD Coin — while waiving fees for doing so. “Now more than ever, stability and trust are of...
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...
Stablecoin framework is a near-term priority for Aussie regulators
Australian financial regulators are “working on options” for incorporating payment stablecoins into the regulatory framework for stored-value facilities. Such incorporation would be a part of broader...
Muesliswap launches stablecoin yield farm on Cardano
Muesliswap, a decentralized exchange on Cardano, has announced the launch of a stablecoin yield farm dubbed Organic APR, per a report on December 8. With this launch, the DEX plans to play a role in D...
Ankr deploys $15M to make users whole as Helio stablecoin recovers after exploit
Stablecoin protocol Helio, which issues the U.S. dollar-pegged HAY stablecoin, said in a Dec. 7 tweet that it has bought back $3 million worth of bad debt in HAY thus far in the open market. The day p...
Introducing Allbridge Core – Crosschain Stablecoin Swap Solution
Lisbon, Portugal Allbridge – a crosschain solution provider, just launched its latest product Allbridge Core, enabling seamless transfer of stablecoins between a wide variety of EVM and non-EVM blockc...
Cardano reactivates testing of Djed stablecoin with brand new capabilities
Despite the recent setbacks, the cryptocurrency sector continues to expand, led by the developments and innovations of major ecosystems such as the Cardano (ADA) network, which has recently renewed it...
Tether Launches Its Chinese Yuan-backed Stablecoin on Tron
According to Tether, this launch is well in line with its mission of “pioneering stablecoin technology and bringing the largest and most liquid stablecoins to global markets everywhere.” Tether Operat...