Gamza Khanzadaev Cardano-built Djed gains bigger premium to market than Tether’s USD following stablecoin crisis Following the storm in the stablecoin sector in recent days, Djed, the stablecoin...
Tag: Stablecoin
MakerDAO Devises Emergency Plan To Safeguard DAI Stablecoin
6 seconds ago | 2 mins read Altcoin News The value of DAI, a stablecoin tied to the U.S. dollar, fell to an all-time low of $0.88. The stablecoin issuer has recommended similar measures for DeFi proto...
MakerDAO [MKR] reacts to Stablecoin contagion with this proposal
MakerDAO reveals an emergency proposal to reinforce its platform against stablecoin risks. USDC de-pegging inadvertently triggers demand for MKR. MakerDAO is making moves aimed at protecting against e...
Circle Issues Update Amid Stablecoin Volatility; Firm Is Prepared to ‘Stand Behind USDC and Cover Any Shortfall’ – Bitcoin News
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United S...
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. ...
Stablecoin USDC falls below $1, faces $3.3 billion exposure to Silicon Valley Bank
USDC, a stablecoin that is supposed to trade one-to-one against U.S. dollars, has fallen below $1 on Saturday, after creator Circle said it had over $3.3 billion held at Silicon Valley Bank, which col...
DAI-namic Shift: MakerDAO’s stablecoin supply drops 50%, thanks to…
DAI’s supply has fallen by 50% from the 2022 peak. MKR suffers increased distribution causing its price to plummet. Due to the decline in the prices of its underlying assets, the total supply of DAI,...
Aave freezes stablecoin trading on Avalanche V3 as activity surges on CEXs
Lending protocol Aave has frozen stablecoins trading and set Loan-to-Value (LTV) ratio to zero in response to recent price volatility on stablecoins after the USD Coin (USDC) depegged on March 11. Ac...
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...
Cardano Founder Supports Algorithmic Stablecoin for BTC’s Vision
Cardano founder Charles Hoskinson believes that algorithmic stablecoins would help to achieve Satoshi Nakamoto’s vision for Bitcoin. According to him, banks will always let users down. Hoskinson was r...
$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 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...
TMS Network (TMSN) Disrupts Trading Industry with Innovative Ideas, While Tether Emerges as Leading Stablecoin as BTC Faces Rate Fears
Advertisement     Join us as we explore the two players revolutionizing cryptocurrency investment: Tether (USDT) and Bitcoin, and learn about the revolution that TMS N...
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...
DAI Depegs as Stablecoin Rout Plagues Crypto
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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...
Stablecoin Providers Adapt to Changing AML Landscape in Crypto
As the world of cryptocurrency and stablecoins continues to evolve and gain mainstream adoption, the importance of implementing effective anti-money laundering (AML) practices becomes increasingly cru...
Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market?
USDC’s market cap fell from $43.56 billion to $38.9 billion, a drop of over 11%. As per Nansen, Circle burned $2.34 billion worth of USDC in the last 24 hours. USD Coin [USDC], lost its dollar peg on ...
Is Circle’s USDC Stablecoin at Risk after the collapse of SVB?
The collapse of Silicon Valley Bank (SVB) on March 10 has sent shockwaves through the crypto industry, leaving many investors concerned about the exposure of major players like Circle, the issuer of t...
USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses
Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto’s Bitcoin paper debuted into a world where governments had just propped up the financial sy...
Stablecoin issuers seek to diversify banking partners in the wake of Silicon Valley Bank’s meltdown
The failure of California-based Silicon Valley Bank today leaves the crypto market with one fewer lending partner, adding further pressure on stablecoin issuer Circle to beef up its portfolio of bank ...
Ex-BitMEX CEO Proposes Stablecoin Backed By Bitcoin And Exchanges ⋆ ZyCrypto
Advertisement     Former BitMEX CEO Arthur Hayes has proposed a stablecoin that aims to be completely independent of the U.S. dollar. The proposed Satoshi Nakamoto Dol...
BitMEX Co-founder Arthur Hayes Proposes Bitcoin-backed Stablecoin
22 seconds ago | 2 mins read Exchange News Arthur thinks the crypto community can build a USD equivalent without using the USD. NakaDollar would first include establishing a blockchain-based DAO. Naka...
SignUp Token Gives No Presale but Ample Tokens at Launch, While Cardano’s Stablecoin and Polygon ID are Set to Change the Crypto Game
When Bitcoin birthed the world of cryptocurrency we knew that it would be a game changer. The very concept of it is extremely next-generation and is a game changer in the financial market. People no l...
The Top Factors Driving Demand For Euro-backed Stablecoin
-Due to the increasing regulation around the world of crypto, many are turning to stablecoins as a way to avoid regulations. When it comes to digital assets and cryptocurrencies, one of the most impor...
Founder of BitMEX Is Proposing a Bitcoin-based Stablecoin
The proposed NUSD stablecoin won’t depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said. Although the US regulators ...
Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin
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BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Even if authorities are increasing their scrutiny of stablecoins, the community’s persistent interest in stablecoins that are not related to the U.S. dollar is illustrated by Hayes’ idea f...
Arthur Hayes Proposes Bitcoin-Backed Stablecoin NakaDollar
Arthur Hayes, the co-founder of cryptocurrency derivative trading platform BitMEX, has proposed a new type of stablecoin, NakaDollar (NUSD), which would be backed by bitcoin (BTC) and bitcoin derivati...
BitMEX co-founder Arthur Hayes proposes Bitcoin-backed stablecoin ‘NakaDollar’
Ad BitMEX co-founder Arthur Hayes has proposed a Bitcoin-backed dollar-pegged stablecoin NakaDollar (NUSD) which would be backed by $1 Bitcoin and one inverse perpetual swap of BTC against USD. In a M...
Bitmex Co-Founder Calls For A Bitcoin-Based Stablecoin
Former CEO and co-founder of BitMex crypto exchange Arthur Hayes proposed a new stablecoin design with a value pegged to Bitcoin. He called it Satoshi Nakamoto Dollar (NUSD) or NakaDollar. The crypto ...
Stablecoin issuer ECSA secures $3 million in funding
Deals • March 9, 2023, 9:01AM EST Published 1 hour earlier on Brazilian-based stablecoin issuer ECSA raised $3 million to bring the main carry currencies on chain. The pre-seed funding round saw...