On-chain data from Glassnode show Bitcoin’s (BTC) movements hit a new record for the largest net decline in aggregate BTC balances on exchanges, reducing by 72,900 BTC in one week. A similar movement...
Tag: Stablecoin
USDP Stablecoin Makes It to Top 50, Who’s Next?
Vladislav Sopov As markets are collapsing, more and more stablecoins are increasing their market shares: Meet most promising newbies Contents Paxos’ USDP becomes top 50 asset by market cap Large...
Abracadabra’s MIM Stablecoin Used by DeFi Attackers, Here’s How
Vladislav Sopov Attackers have stolen over $111,000 in MIM tokens, exploiting oracle vulnerability Contents Attackers get over $110,000 in MIM, oracles to blame MIM briefly loses its peg amid Binance/...
Binance Commits to Transparency, Reveals $40B in Stablecoin Reserves
Binance is fully committed to transparency, according to CEO Changpeng ‘CZ’ Zhao. It has released details on its cold wallet reserves as proof. On Nov. 10, Binance boss CZ announced that the exchange ...
Can USDT retain its Stablecoin crown? These recent developments suggest….
USDT witnesses massive short positions against itself Number of Active addresses and number of transfers grew USDT, the number one stablecoin in terms of market cap according to CoinMarketCap, may be ...
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 ...
Crypto markets rocked as stablecoin reserves deplete, Curve 3pool concentrated by USDT, 60k BTC leaves Binance, Alameda shorts USDT
Following on from one of the craziest days in crypto history on Nov. 9, the 24/7 crypto markets keep investors busy. Binance released its proof-of-reserves, FTX’s stablecoin balance nears zero, the Cu...
After Warning About FTX, Bitboy Says Do Not Buy Tron Stablecoin (USDD)
– Advertisement – Bitboy now has a helpful warning for market participants. Crypto Youtuber Ben Armstrong, popularly known as Bitboy has warned through a tweet that staying in Tron’s stabl...
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...
Stablecoin liquidity on Curve’s 3pool falls to lowest level since Luna crash
Liquidity for stablecoin swaps on the Curve 3pool is now at its lowest level since the Luna collapse in May as traders continue to swap Tether’s USDT for other stablecoins, namely DAI and USDC. This h...
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...
Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis
The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is heavily imbalanced, with USDD accounting for almost...
Stablecoin Giants Tether, Circle Disclose Financial Relationship With FTX, Alameda
Amid the chaotic meltdown, asset movement from Circle to FTX surfaced. It was also reported that Alameda could be the second-largest issuer of Tether. CEO of USDC issuer, Jeremy Allaire, assured the c...
Novatti successfully launches its stablecoin AUDD
Novatti successfully launches its very own created stablecoin, AUDD, with the aim and intention of effectively addressing the increasing requirement of a suitable and appropriate digital-based currenc...
Avalanche Feels Impact of Bear Market
November 8, 2022, 5:07PM EST • 9 min read Quick Take In this weekly series, we dive into some of the most interesting data and developments across the Layer 1 blockchain landscape, from DeFi and bridg...
MIM stablecoin slightly loses dollar parity amid fears of partial FTT backing
The Magic Internet Money (MIM), a stablecoin issued by Abracadabra Money, has slightly lost its parity with the US dollar. The MIM stablecoin fell to as low as $0.95 before rebounding to $0.98 as of 5...
FTX Stablecoin Reserves Dwindle After Binance Promises to Sell FTT
Crypto exchange FTX is rapidly losing stablecoin liquidity after Binance CEO Changpeng Zhao (CZ) announced his company’s full exit from its FTT position on Sunday. ETH withdrawals from FTX have also t...
Solana Will Host the Euro Coin Stablecoin of Circle
The Solana Breakpoint conference is going on in Lisbon city of Portugal. It started from 4th November 2022 and is going to last till 7th November 2022. The event has recently witnessed an announcement...
Stablecoin Issuer Circle Moves USDC Reserves Into Fund Managed by BlackRock
US-based peer-to-peer payments company Circle has moved some of its USD Coin (USDC) stablecoin reserves into a fund controlled by $10 trillion asset management firm BlackRock. In a blog post written b...
Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days – Altcoins Bitcoin News
While the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued ...
Stablecoin USDC: Circle chooses BlackRock
A few days ago, Circle officially announced that it is transferring its USDC stablecoin reserves to a fund managed by BlackRock. Indeed, thanks to a real partnership signed with BlackRock, the Circle...
FTX stablecoin withdrawals surge amid liquidation claims
FTX crypto exchange has recorded a surge in stablecoin withdrawals amid crowing unsubstantiated fears surrounding the exchange’s financial status. According to Nansen data, more than $451 million in s...
FTX’s stablecoin reserve falls 93% in 2 weeks, amid rumors of insolvency
Sam Bankman-Fried’s cryptocurrency exchange FTX is seemingly undergoing intense withdrawal pressure, amid ongoing speculations that the company could be heading for insolvency. Although FTX hasn...
Messari Releases Research Reports on the TRON Ecosystem and the Stablecoin USDD
– Advertisement – Geneva, Switzerland, 7th November, 2022, Chainwire Messari, the leading provider of crypto market intelligence, released two quarterly analysis reports related to the TRO...
FTX weekly stablecoin outflows surge as Binance piles on the pressure
FTX has recorded a surge in stablecoin outflows amid growing, unsubstantiated fears surrounding the crypto exchange’s financials. In the last seven days, more than $451 million in stableco...
FTX stablecoin reserves plunge as community fears bankrun
The crypto community fears FTX might cause another Terra-like crash after the stablecoin reserves on the exchange fell significantly over the last 24 hours. FTX stablecoin outflow leads other exchange...
AAVE’s rise or fall in TVL in the next few days could have a stablecoin connection
Aave, one of the leading lending protocols in the crypto industry, just completed voting on a proposal that would have it deployed on zkSynch. zkSync happens to be a zero-knowledge protocol test net a...
Canada Announces Crypto, Stablecoin Consultation in New Budget Statement
The Fall Economic Statement, a mini-budget released by Deputy Prime Minister Chrystia Freeland, is the government’s fiscal road map over the coming months. Among provisions on taxes, recovering ...
How far behind is USDD in the stablecoin race? Data suggests…
USDD, Tron’s decentralized, overcollateralized stablecoin had an impressive third quarter after witnessing a chaotic Q2. Some good news Messari, a leading crypto-analytics platform, recently tweeted s...