After TerraUSD (UST) de-pegged from the U.S. dollar, dragging with it billions of investors’ funds, a new stablecoin backed by cans of iced tea has risen like the phoenix. Satire or not, USDTea, a new...
Tag: Stablecoin
Tether (USDT) stablecoin withdrawals top $10 billion
Tether claims its dollar-pegged token is “fully backed.” Justin Tallis | Afp | Getty Images Investors have yanked more than $10 billion out of tether in the past two weeks amid heightened ...
Swiss Luxury Watchmaker Tag Heuer Accepts Bitcoin, Shiba Inu, Stablecoin Payments in the US
LVMH-owned Swiss luxury brand Tag Heuer announced earlier this week that it will accept a total of twelve major cryptocurrencies plus five stablecoins as payment options on its US website. The globall...
USDTea story – how 99 cents priced AriZona iced tea became a satirical stablecoin
Out of the ashes of the TerraUSD (UST) collapse ‘rises’ a new stablecoin backed by a can of AriZona Iced Tea. Three tech artists, dubbed Mossy, decided to launch this new stablecoin backed by America’...
MHA Cayman’s Latest Attestation Report ‘Going Concern’ Indicating Significant Uncertainty of Stablecoin – Coinpedia – Fintech & Cryptocurreny News Media
Tether’s Q1 2022 assurance report shows that Tether has reduced its commercial paper in its USDT reserves by 16.8%, after a week of its loss of 1:1 peg with the U.S dollar. Tether’s $82 billion reserv...
Tron’s USDD stablecoin witnesses massive growth in a few days
The algorithmic stablecoin for the terra ecosystem, UST, witnessed a massive decline last week. The collapse shed a negative light on the safety of stablecoin, especially those pegged on an algorithm....
Do you have the right to redeem your stablecoin?
Stablecoins are often discussed with regard to their “stability.” It is usually questioned whether a stablecoin is sufficiently backed with money or other assets. Undoubtedly, it is a very important a...
FCA will ‘absolutely’ consider recent stablecoin depegging when drafting crypto rules: Report
Sarah Pritchard, the executive director of markets at the United Kingdom’s Financial Conduct Authority, or FCA, reportedly said the regulator will look at the recent volatility in the crypto markets w...
Shiba Inu (SHIB) Drops Below Dai Stablecoin
Alex Dovbnya Dai has thrived off of the Terra collapse, surpassing Shiba Inu Meme coin Shiba Inu (SHIB) has slipped below the Dai (DAI) stablecoin, according to data provided by CoinMarketCap. Image b...
What’s the best stablecoin type?
TerraUSD (UST) flipping BinanceUSD (BUSD) for the third spot in the market capitalization list didn’t last long. The once-mighty stablecoin that powers the entire Terra ecosystem finds itself reduced ...
Amid Crash, Market Expansion Could Boost This Stablecoin
After suffering brief resistance from traders following the Terra ecosystem meltdown recently, the USDD stablecoin appears to be regaining steadily. Adding to this trend is increasing market expansion...
Panic-Driven Crypto & Stablecoin Regulation Would Create Further Instability
In reaction to the volatile events of the last few weeks, both the stock and cryptocurrency markets have taken a deep dive. While this downturn is distressing to many, it has emboldened progressive po...
Brock Pierce Weighs In On Terra Stablecoin Crash
Bitcoin Foundation Chairman and Tether co-founder Brock Pierce sat down with Bloomberg, weighing in on the demise of TerraUSD as well as the market crash. Users of the coin have reportedly lost millio...
Another Stablecoin Takes A Bow Following UST Crash
The recent crash of the UST stablecoin had rocked the market to its core. This depegging was credited for most of the market crash and the incredibly low momentum that has trailed most digital assets ...
Tether Preps Against Attack By Improving Stablecoin Reserve
Tether has announced that it has taken a series of steps to improve its stablecoin (USDT) reserve, like investing in US treasury bills as well as non-US government bonds. Tether Invests in Non-US Bond...
Stablecoin Tether ($USDT) Reveals Reserves Fully Backed In New Report
Stablecoin firm Tether Holdings Limited has come out to allay fears of a possible USD/USDT decline after the stablecoin lost its peg to the US dollar last week amid $UST crash. Tether (USDT), the worl...
Delphi Digital admits ‘we were wrong’ on Terra stablecoin risks
Crypto-focused research and investment group Delphi Digital has published a post-mortem on the losses inflicted by last week’s collapse of TerraUSD (UST) algorithmic stablecoin, concluding that ...
USDC Increasingly Becoming Preferred Stablecoin Over USDT
Latest data from Glassnode suggests USDC may be becoming the crypto market’s preferred stablecoin over USDT. USDC’s Supply Surged Up Recently, While USDT’s Plunged Down As per the latest weekly report...
Tether claims USDT stablecoin is backed by non-U.S. bonds
Tether previously claimed its stablecoin was backed 1-to-1 by U.S. dollars. Justin Tallis | Afp | Getty Images The issuer of the stablecoin tether said in a report that the controversial digital curre...
Biggest DeFi Stablecoin Protocol Wants Terra’s USD (UST) Booted Out Of The Platform
– Advertisement – The Curve Community Wants Terra’s UST Booted Out Of The Platform. Amid the mounting issues beleaguering Terra, platforms hosting Terra USD (UST) liquidity flows are now...
The Big ‘Winner’ From the Crypto Crash? USDC Stablecoin
In brief UST stablecoin lost its peg at the start of May’s crypto crash. Tether’s market cap decreased. USDC stablecoin’s market cap increased. When Terra and its UST stablecoin coll...
Terra’s Stablecoin (UST) Finds Some Ray Of Hope With Do Kwon’s New Proposal!
In order to restore the LUNA and TerraUSD from the latest crash that swayed away from the whole crypto market, Terra has to just pop out with more than one proposal. Amid the voting process for the ne...
Stablecoin Preferences See A Shift From USDC To USDT! Here Is Why – Coinpedia – Fintech & Cryptocurreny News Media
Yesterday, the 17th of May, the cryptocurrency market was in green with Bitcoin and other major cryptocurrencies trading positively. However, this bullish trend didn’t last for long as the bearish tre...
Terra Stablecoin (UST) Spikes By 160% To $0.3, Here’s Why
In a bid to revive the LUNA and TerraUSD from the recent historic crash, Terra has come out with multiple proposals. Amid the ongoing voting over the newly updated proposal, Terra’s UST prices briefly...
Digital Euro CBDC plans rake up among stablecoin bust
Digital Euro CBDC debate among EU controllers has risen yet again They are utilizing the new Terra Luna circumstance to push forward with the same at the earliest Many will see the instability made ...
South African Firm Introduces XUS Stablecoin
Xago Technologies (Pty) Ltd, a financial technology company in South Africa, has announced the launch of Xago XUS, a stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, st...
TerraLabs Sold Over 80,000 BTC To Rescue Its Stablecoin, Luna
The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoi...
Markets Jittery As Deus Stablecoin (DEI) Loses Dollar Peg
The crypto market, already reeling from the unprecedented collapse of LUNA and the UST stablecoin, received another jolt when Deus Finance’s DEI stablecoin became the latest stablecoin to lose its 1-1...
Here’s how the Stablecoin meltcoin wiped off $7 billion within a week – Coinpedia – Fintech & Cryptocurreny News Media
Tether has been seeing massive liquidation since it momentarily lost its dollar peg last week. The crypto meltdown triggered by the de-pegging of Terra’s UST, another stablecoin, appears to have had a...
During The Crypto Migration Stablecoin Supplies As Well As Cash Reserves Are Under Jeopardy
Financial backers are tracking down a place of refuge in USDC, as per CoinGecko information. Between May 3 and Tuesday, the USDC market capitalization increased by 6.3 percent, representing $3.1 billi...
Depegging debacle: Is DEI, hybrid algorithmic stablecoin, following UST’s footsteps
Following the decimation of Terra’s UST and a temporal depegging of Tether’s USDT, Deus Finance (DEI) is the latest to suffer the same fate. The meltdown of the stablecoins Currently valued at over $...