Legislators informed attendees at Consensus 2022 on Friday that a new federal law on stablecoins might be in place by the end of the year. The panel suggested a law to address difficulties with crypto...
Tag: Stablecoin
Tron’s USDD Stablecoin Slips From Dollar Peg Amid Crypto Market Crash
Amid Monday’s crypto market crash, Tron‘s recently launched algorithmic stablecoin USDD lost its dollar peg, slipping to a low of $0.9764 according to data from CoinMarketCap. At time of p...
Tron DAO Reserve adds another 500 million USDC to help USDD stablecoin peg
Tron DAO bought another $500 million worth of the stablecoin USDC on Tuesday to further expand its reserve assets pool and salvage confidence in its algorithmic stablecoin called Decentralized USD (US...
After Terra’s collapse the Tron stablecoin trembles
On Monday USDD, the stablecoin behind the Tron project, lost its peg with the dollar, slipping as low as 0.91 cents and fuelling speculation about the entire project. USDD, Tron’s stablecoin, loses pe...
What TRON DAO is doing to defend the peg of USDD stablecoin given its fall to $0.97?
The newly launched USDD algorithmic stablecoin of TRON network started facing hobbling situations already It’s not been long since the crypto market experienced the collapse of a crypto asset in...
Tron Defends Ecosystem with Another $700 Million as USDD Stablecoin Drops Slightly Beneath $1
TRON DAO Reserve, which oversees stablecoin USDD, said that it had increased the 650 million USDC supply on Tron to a current $2.5 billion. It says it did this to “safeguard the overall blockcha...
Tron’s USDD Stablecoin Slips Further From Dollar Peg — Despite Overcollaterized Reserve ⋆ ZyCrypto
Advertisement     Tron’s algorithmic stablecoin, Decentralized USD (USDD) remained below its intended price peg with the U.S. dollar on Tuesday even after the team beh...
Tron’s Stablecoin Suffers De-peg; Founder Justin Sun Claims USDD’s Collateral Has $2 billion
On Monday, USDD, a stablecoin issued by Tron network, lost its peg to the U.S dollar. USDD fell around 91 cents amid concerns among investors regarding tightening financial conditions, high inflation,...
Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token – Altcoins Bitcoin News
Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a smal...
Novatti will launch the Australian multi-chain stablecoin
Novatti Group is about to launch AUDC, the stablecoin pegged to the Australian dollar AUD. Specifically, the project was developed in collaboration with Ripple and leverages Stellar’s blockchain. Nov...
TRON’s USDD Stablecoin Losing Peg as TRX Price Slumps
The unfortunate tales of algorithmic stablecoins losing their pegs continue. This time, it’s TRON’s USDD that’s in the spotlight, trading at 2% below dollar parity. Following the UST-Terra fiasco, ano...
How to Determine a Trustworthy Stablecoin Bulletproof to Volatility – crypto.news
Stablecoins are a relatively new invention that plays a vital role in fostering crypto adoption by overcoming the barrier of market volatility. The asset class is a subset of the crypto market designe...
TRON’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection
Key Takeaways USDD lost its dollar peg Monday amid a broader crypto market decline. The TRON DAO Reserve, an organization set up to ensure USDD trades at dollar parity, has deployed $2 billion to help...
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Coinotizia
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to ...
Stablecoin Woes Return To Haunt Crypto As USDD Stumbles, Founder Moves To Assuage Fears
Could another algorithmic stablecoin be running into choppy waters? And was the Terra debacle just the tip of the iceberg? That is the question on the mind of market watchers as Tron’s newly launched ...
Scientists claim to have designed a fully decentralized stablecoin pegged to electricity
Researchers at the federally funded Lawrence Livermore National Laboratory in California have combined statistical mechanics and information theory to design a class of stablecoin dubbed the Electrici...
BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin
Crypto exchange BTSE has become the first crypto exchange to offer perpetual futures trading for the world’s newest stablecoin, US Decentralized (USDD). According to a press release, BTSE’s offe...
Fears of another Terra-UST implosion simmer as Tron’s USDD stablecoin loses dollar peg
? Want to work with us? CryptoSlate is hiring for a handful of positions! Tron’s algorithmic stablecoin, USDD, has raised fears and speculations in the crypto market after its price dipped to $0.97 an...
Crypto Entrepreneur Backs Terra Relaunch Amid Skepticism, Says Price Collapse Will Foster Institutional Adoption
Crypto custodian Hex Trust says the recent meltdown of stablecoin TerraUSD (UST) and its sister token Luna will herald more intervention by regulators, paving the way for more asset managers to join t...
Argentinian Cryptocurrency Exchange Buenbit Launches Stablecoin Yield Instruments – Bitcoin News
Buenbit, one of the leading Argentinian cryptocurrency exchanges, announced the inclusion of two stablecoins in its current yield program. The company will allow its customers to earn yields of up to ...
USDD Stablecoin Loses Its Peg As Crypto Market Rout Continues – crypto.news
The week began on a wrong footing for the crypto market as the market’s bleeding continued after a brief stop. Due to the extreme market situation, withdrawals for some tokens were halted, as reported...
Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity – Bitcoin News
After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped signifi...
ViaBTC Capital | After UST’s Fall, Can NEAR’s Stablecoin USN Avoid a Similar Death Spiral?
Background In May 2022, UST and LUNA, which once recorded a total market cap of over $40 billion, collapsed overnight, and plenty of users suffered huge losses as a result. Following the crash, algori...
USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg
While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress, causing fears and speculation within the communi...
TRON Deploys $700 Mln To Support USDD Stablecoin
Despite initially outperforming amid the recent crash, TRON (TRX) prices have dropped by over 16% in the last 24 hours. In order to defend and build support, Justin Sun, TRON head has planned to deplo...
Just In: TRON’s USDD Stablecoin Has Just Lost Its USD Peg, TRON DAO Injects $700M To Recover
– Advertisement – USDD has experienced a slight de-peg but TronDAO reserve will deploy $2 billion to support a re-peg. The crypto market is opening the week on a bad footing. The markets...
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation – Coinotizia
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-...
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation – Altcoins Bitcoin News
Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-...
Ripple Competitor and MoneyGram Roll Out Zero-Fee Money Transfer Service Using USDC Stablecoin
Ripple challenger Stellar (XLM) is teaming up with money transferring service MoneyGram to launch a new global crypto-to-cash protocol featuring stablecoin USD Coin (USDC). According to a recent press...
Tether Launches USDT Stablecoin on Tezos Blockchain – crypto.news
Tether (USDT), the leading stablecoin with a market cap of more than $70 billion is set to launch its USDT token on the Tezos blockchain, the company announced today. Tether to Launch on Tezos Blockch...
Circle to acquire Web3 platform Cybavo, bolstering its stablecoin adoption
Circle, a peer-to-peer financial services firm, has agreed to acquire Cybavo, a digital asset infrastructure platform. The deal will allow Circle to provide “infrastructure as a service” f...