The most popular Stablecoin, Tether(USDT) currently, appears to be in a deep soup as the market cap after shrinking constantly has reached a 6-month low. On the other hand, the USD Coin (USDC) gained ...
Tag: Stablecoin
Fed Sounds Alarm on “Recent Strains” in Stablecoin Market
Key Takeaways A new report from the Federal Reserve mentions stablecoins and the risks they pose to the stability of the financial system. The report said that “recent strains” in the stab...
Circle announces new euro-backed stablecoin
USD Coin (USDC) issuer Circle Internet Financial is expanding with a new euro-centric stablecoin. Euro Coin (EUROC), according to Thursday morning’s announcement, will be made available starting...
Is Terraform Labs responsible for the UST stablecoin collapse, as reports suggest?
As the days are passing and investigations are moving further, Terraform Labs seems to become the main culprit behind the fall of UST stablecoin and eventually Terra (LUNA) network Since the market ha...
Circle Launches Euro-Backed Stablecoin – Decrypt
Circle, the issuer of the USDC stablecoin, is launching a new fiat-backed digital asset called Euro Coin (EUROC), the company said on Thursday. The new Euro Coin will initially launch on the Ethereum ...
Circle Launches a Fully-Reserved, Euro-backed Stablecoin
Euro Coin: Circle Internet Financial is a global internet finance firm. They are the issuer of the USD Coin (USDC). They are preparing to issue a fully-reserved, euro-pegged stablecoin from the United...
Circle Rolls out New Euro Stablecoin on Ethereum Network
Global payments company Circle announced Thursday it is rolling out a new stablecoin dubbed Euro Coin (EUROC) to facilitate on-chain transactions and extend the accessibility and use cases of the Euro...
Can Tron (TRX) maintain its value long-term after efforts for stablecoin peg?
Tron TRX/USD has a huge ecosystem of decentralized applications (dApps), many of which have gathered a high level of reputation within the crypto sphere. From decentralized finance (DeFi) to non-fungi...
Circle launches euro-backed stablecoin EUROC
USD Coin (USDC) issuer Circle Internet Financial is launching a fully-reserved stablecoin pegged to the euro, signaling to the market that demand for crypto foreign exchange services remains high desp...
USDC Issuer Circle to Launch Euro-Backed Stablecoin
Circle Internet Financial announced on Thursday that it plans to launch a Euro stablecoin (EUROC), by the end of the month, backed by the single European currency. The launch is part of efforts by t...
Stablecoin Supply Falls Sharply for 1st Time Ever
According to the report, the most redemption among all centralized stablecoins was experienced by Tether. A report has disclosed that the stablecoin supply has seen a drastic fall in the second quarte...
Firm Behind USDC Stablecoin ‘Circle’ Announces Launch of EUROC Stablecoin
3 hours ago | 2 mins read Altcoin News The Euro Coin, or EUROC, will be accessible for trade on June 30. The euro-pegged stablecoins first custodian is Silvergate Bank. Circle Internet Financial (Circ...
Circle Launches Second Major Stablecoin Backed 1:1 by the Euro – Altcoins Bitcoin News
On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token is now live on the Ethere...
How the UST crash changed the stablecoin landscape
? Want to work with us? CryptoSlate is hiring for a handful of positions! Once the 3rd largest stablecoin, TerraUSD (UST) has shaken the entire stablecoin market after it collapsed on May 9. Instead o...
Circle, The Company Behind The USDC Stablecoin, Announces Euro Coin
Does the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC, they have the reputatio...
USD Coin (USDC) Issuer Circle Announces Launch of New Euro-Pegged Stablecoin
USD Coin (USDC) issuer Circle is revealing the launch of a new Euro-pegged stablecoin at the end of the month. In a new company blog post, Circle announced Euro Coin (EUROC) will launch on June 30th o...
Circle Introduces Euro Coin (EUROC), a Stablecoin Pegged to the Euro
The issuer of USDC, Circle, has announced that it will be issuing a second stablecoin, the Euro Coin (EUROC). Different from the US dollar-pegged USDC, Euro Coin will be pegged on a 1:1 ratio to the E...
Tron’s USDD dips below 96 cents as stablecoin enters third day adrift
Tron’s Decentralized USD (USDD), an algorithmic stablecoin inspired by TerraUSD, entered its third day trading below $1 on Wednesday. The token dipped as low as $0.959 this morning before recovering ...
USDC Issuer Circle is launching Euro Coin (EUROC), a new Euro-backed stablecoin
? Want to work with us? CryptoSlate is hiring for a handful of positions! Circle, the issuer behind the USD Coin (USDC) stablecoin, will launch a new stablecoin that is backed by the Euro by the end o...
Circle Is Launching a Euro-Backed Stablecoin
Key Takeaways Circle has introduced Euro Coin (EUROC), a new, fully-collateralized stablecoin pegged to the euro. EUROC is set to begin trading on the Ethereum network on Jun. 30, with native support ...
USDC Issuer Circle to Introduce Euro-Backed Stablecoin in U.S.
Euro Coin will launch on the Ethereum blockchain on June 30 as an ERC-20 standard token. Support for additional blockchains is expected later in the year. According to the announcement, several ecosys...
Circle introduces euro-pegged stablecoin | Invezz
USDC issuer and global internet finance company Circle Internet Financial is launching Euro Coin (EUROC), a fully-backed, euro-pegged stablecoin, Invezz learned from a press release. EUROC is built on...
Tron’s USDD Stablecoin Faces Same Fate as Terra Luna’s UST » NullTX
Another algorithmic stablecoin appears to be in danger of losing its peg following the UST-Terra debacle. Investors are also currently in fear of having to face the same fate as Terra’s UST historical...
TRON’s Stablecoin USDD Fails To Maintain $1 Parity, Trading at $0.97
15 mins ago | 2 mins read Altcoin News This week, $2 billion was injected into Binance to combat the negative shorting rate. Wednesday saw the USD tumble below its one-dollar trough, tumbling as low a...
USDC Stablecoin Records Second-Highest Trading Volume Ever Amid Massive Volatility
As per the latest data compiled by crypto analytic platform, IntoTheBlock, USDC stablecoin recorded its second-highest volume ever. USDC Winning the Tussle ITB said that with Bitcoin and Ethereum goin...
Xago A Stablecoin Built On Ripple XRP Ledger to Release Detailed Market Research Report
– Advertisement – Xago wants to publish a market research report next month. South Africa-based fintech company Xago, which recently launched its stablecoin, $XUS, on Ripple’s XRP Ledger ...
Virtual Ponzi Scheme Implodes – Cryptocurrency Masterminds Are Missing
Virtual implosion getty The virtual investment promises were compelling: High return, no inflation risk, complete safety, absolute privacy, and immediately transferable to anywhere. Moreover, there wa...
Tron’s Decentralized USD Stablecoin Continues to Slip From Dollar Peg – crypto.news
USDD, the Tron-backed algorithmic stablecoin, is still struggling to regain its dollar peg, which it lost on Monday. Short Sellers Hit Tron Trouble started brewing in the Tron ecosystem on June 13 whe...
Tron Falls Sharply As Sun Scrambles To Save Stablecoin
Tron price momentum faded over the weekend, and the price has dropped by more than 40% since then. The cryptocurrency is presently having difficulty gaining traction. Tron Falls AS USDD Depegs TRX ha...
Tether Refutes Rumors Surrounding Stablecoin Backing
Tether has categorically denied rumors about its commercial paper holdings, claiming they are being spread to induce panic and generate profits. Tether addressed the claim that its commercial paper po...
Stablecoin Supply Decreases for First Time in History
Key Takeaways The total supply of stablecoins dropped for the first time in history. CoinMetrics charts show that over $13 billion has been redeemed directly from the treasures of major issuers, inclu...
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...