While writing this article, HUSD, a stablecoin, is trading at $0.9978 and has attained a hike of 13% in the last 24 hours. Huobi intends to receive a Virtual Asset MVP License from Dubai’s Virtua...
Tag: Stablecoin
Huobi explains what went wrong with HUSD after stablecoin is back on track
After recovering the HUSD stablecoin’s dollar peg, crypto exchange Huobi explained what had caused the short-term liquidity problem and assured users that it had been resolved. On Thursday, HUSD star...
XRP Loses 10%, Drops Below Binance’s Stablecoin by Market Cap
Alex Dovbnya Ripple-affiliated cryptocurrency XRP has slipped to seventh place by market capitalization amid Friday sell-off Ripple-affiliated cryptocurrency XRP has slipped to seventh place by market...
Huobi Stablecoin Briefly De-Pegs From US Dollar Due to Liquidity Issues
The stablecoin of crypto exchange platform Huobi briefly de-pegged from the US dollar due to liquidity problems. The stablecoin, HUSD, dipped to as low as $0.87 before its liquidity crisis was resolve...
DAM Finance Closes $1.8 Million Pre-Seed Funding Led by DFG and Jsquare for Cross-Chain, Portfolio-Backed Stablecoin
Miami, Florida, 19th August, 2022, Chainwire dPRIME Asset Modules Finance (”DAM Finance” or “DAM”), a protocol for creating purchasing power from cross-chain token portfolios, is pleased to share that...
Hackers Minted 1.3B Acala Dollar, The Polkadot Stablecoin
Acala, The Network’s Defi Center Acala Dollar (aUSD), a stablecoin powered by Polkadot, fell to below 10 cents on Sunday as a result of hackers generating 1.3 billion of the tokens for free. Acala, th...
Huobi’s HUSD Becomes Latest Stablecoin To Lose Dollar Peg
The stablecoin market looks like it is some way off from reaching stability, as the list of stablecoins losing their peg grows longer and longer. Huobi’s HUSD stablecoin has now become the latest asse...
Acala recovers 2.97 billion of aUSD stablecoin minted during exploit
Acala, a parachain project on Polkadot, says it has recovered about 2.97 billion from 16 addresses that minted 3 billion Acala USD (aUSD) in a security incident last Sunday. The incident occurred due ...
Cosmos Based Kujira Rallies Following USK Stablecoin Launch Announcement
On August 8th, 2022, a decentralized finance (defi) altcoin, Kujira (KUJI) published a blog consisting an announcement of releasing a stablecoin. Kujira was earlier created on the fallen Terra (LUNA) ...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Coinotizia
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thu...
Huobi exited HUSD stablecoin deal before token depegged below $0.8
Huobi’s HUSD is the latest stablecoin to risk further de-pegging as it is currently trading below $0.8. The exchange, however, exited its stake in the stablecoin in April. According to coingecko, HUSD...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token – Bitcoin News
The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thu...
Dollar-Backed HUSD Stablecoin Plummets From Peg
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HUSD Stablecoin Loses Dollar Peg, Huobi Supposedly Jumped Ship in April
HUSD appears to be the next stablecoin that’s having serious difficulties in maintaining its dollar parity. Huobi, the cryptocurrency exchange that seemingly backed the stablecoin, supposedly abandone...
Huobi Stablecoin HUSD De-pegged From The USD
HUSD depegged from USD Huobi’s HUSD becomes the latest stablecoin to de-peg. It appears that the era of troubles for stablecoins is yet to be over, even as the crypto market embarks on the path to r...
Cardano’s Djed Stablecoin Scores Another Partnership Ahead of Launch
Cardano’s Djed, an algorithmic stablecoin developed by Cardano’s IOG in collaboration with the COTI network, has scored another partnership – this time around, with WingRiders, a Car...
COTI Partners With WingRiders to Drive Adoption For Cardano Stablecoin Djed
– Advertisement – Blockchain Payment Solution COTI Partners With WingRiders to Drive Adoption For Cardano Stablecoin. We are happy to announce yet another partnership, now with @wingrid...
Consortium trials sterling-backed stablecoin for Bank of England
A group of private companies known as the Digital FMI Consortium will trial cross-border payments using a sterling-backed stablecoin and provide its findings to the Bank of England. The DFMI is the UK...
Altcoin Built on Cosmos Quietly Rallies 327% This Month As Project Launches New Stablecoin
A decentralized finance (DeFi) altcoin is surging after announcing plans to release a next-generation stablecoin. In a new blog post, the creators of Kujira (KUJI) say that in response to the May coll...
UK Crypto Industry Welcomes New Stablecoin Rules, Awaits Guidance
The BoE will detail its plans to regulate systemic stablecoins, including whether it will be authorizing firms next year, in a consultation, where the government lays out proposed regulatory measures ...
DAI stablecoin holders need to be cautious now- Here’s why
The U.S. Treasury Department imposed sanctions on virtual currency mixer Tornado Cash. Subsequently, Circle, the issuer of the USD Coin (USDC), froze over 75,000 USDC linked to the sanctioned Tornado ...
Acala Exploit Causes Polkadot-Based DeFi Platform’s Stablecoin to Drop 99%
The list of not-so-stable stablecoins has a new addition, as Polkadot-based decentralized finance (DeFi) platform Acala saw its aUSD stablecoin crash by 99% after hackers exploited a bug in its liquid...
Algorithmic Stablecoin Beanstalk Is Wild Again On Its First Anniversary Months After $182M Exploit
Stablecoins didn’t have quite a good year so far. The dramatic collapse of Terra, a popular stablecoin, triggered a destructive crypto crash. Flagship currencies, Bitcoin and Ethereum, suffered great ...
Bears and Bulls May Both Get Surprised as Stablecoin Supply Surges Past $150 Billion
Gamza Khanzadaev Stablecoin supply surging past $150 billion brings more confusion to crypto market According to data presented by CryptoRank, the total circulating supply on the market exceeded 150 b...
USDT takes this long stride to win the stablecoin battle with USDC
The battle between the top two stablecoins continues to see new feuds over land on a monthly basis, each taking turns to strategize their winning plays. So here’s the latest fact check on the current ...
Interlay launches Bitcoin-backed stablecoin iBTC on Polkadot network
Interlay has launched a wrapped Bitcoin asset called interBitcoin (iBTC) on the Polkadot chain. The product intends to widen BTC use “for DeFi, cross-chain transfers, NFTs, and more.” iBTC is already ...
Another Stablecoin Depegs: $aUSD Hacked
The aUSD stablecoin has become the latest stablecoin to take a hit after a hack into the Acala Network resulted in a 99% drop in its value. Acala Network Hacked On Sunday, the Polkadot-based DeFi net...
Polkadot-based stablecoin aUSD depegs after Acala Network breach
Acala Network, the decentralized finance hub of Polkadot, has been breached and its stablecoin depegged from the dollar mark. Early this morning, Acala’s Twitter page posted that it noticed conf...
Polkadot-Powered Stablecoin Tanks As Hackers Mint 1.3B Tokens
Hackers attacked Acala’s new liquidity pool to mint more than one billion aUSD tokens aUSD crashed almost immediately but has since rebounded, now trading above $0.90 Polkadot-powered stablecoin acala...
Acala Stablecoin aUSD Collapses After Parachain Exploit
Key Takeaways On Sunday, Polkadot’s DeFi Hub Acala Network suffered an exploit that saw its native over-collateralized stablecoin aUSD plummet to zero. The exploit was due to a “misconfigu...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value – Bitcoin News
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) droppe...
Polkadot’s Native Stablecoin aUSD Depegs Following Exploit ⋆ ZyCrypto
Advertisement     Attackers have struck the markets again; this time, the Acala network is on the receiving end. A few hours ago, reports broke out that the Acala doll...