The price of Cashio’s dollar-pegged stablecoin CASH has fallen from $1 to $0.00005 after an “infinite mint glitch” enabled attackers to mint tokens without providing collateral. Cash...
Tag: Stablecoin
Stablecoin Cashio on Solana exploited for $28 million in ‘infinite mint glitch’
Quick Take Cashio Dollar is an algorithmic stablecoin backed by USDT-USDC LP tokens. It fell foul to an “infinite mint glitch,” according to its team. advertisement A stablecoin on the Solana blockcha...
Terra’s Stablecoin Close to Surpassing Dogecoin by Market Cap
Alex Dovbnya Market cap of TerraUSD stablecoin has surpassed $15 billion for the first time, zeroing in on Dogecoin The market cap of the TerraUSD (UST) algorithmic stablecoin has topped $15 billion f...
Skyrocketing Stablecoin Economy, Close To $200B, USDN, UST Put A Booster
During previous 12 months, stablecoins are leaping higher and have grown hugely and present valuation today is just a few steps away from marking $200 Billion. This month, 2 of the most significant ga...
How this stablecoin has high yield strategies built into its design mechanism
Deployed on Arbitrum, Sperax USD (USDs) entered the DeFi space as the “first auto-yield stablecoin.” The Sperax protocol leverages a dual token system with a stablecoin ($USDs) and a governance token ...
Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days – Altcoins Bitcoin News
During the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in t...
Stablecoin Tether Disregards Ukraine’s Plea to Halt Russian Use
Tie said it sticks to worldwide assets on Russia Ukrainians requested that Tether stop every single Russian exchange USDT Price at the time of writing – $1.00 Tie, the crypto stablecoin that has...
Billion-Dollar Hedge Fund Fir Tree Eyes Shorting the Stablecoin Tether – Bitcoin News
The hedge fund Fir Tree Capital Management’s investors claim it has developed a method to short the stablecoin tether. A report notes that “clients of the firm” said the potential to reap big rewards ...
A $4 Billion Hedge Fund Is Shorting Tether’s Stablecoin
Fir Tree Capital Management, a $4 billion hedge fund, is shorting Tether as the largest stablecoin in crypto faces down scrutiny from regulators. According to clients of the firm and reported by Bloo...
It Will Soon Be Easy to Spend Terra’s Stablecoin in Europe
Alex Dovbnya Astral Money has introduced a debit card touted as an easy solution for paying for everyday goods with the UST stablecoin in Europe Astral Money, one of the payments solutions to spend Te...
How Kenyan Micro-Task Workers Are Using Stablecoins To Make Affordable Cross-Border Payments
One of the major challenges facing micro-workers globally is the cost and friction of processing international payments to local currencies. Processing a $5 micro-payment from the US to Kenya may cost...
CBDCs will not impact private stablecoin market, says Tether CTO
Paolo Ardoino, the chief technology officer at Tether, believes that the growing developments around central bank digital currencies (CBDCs) globally wouldn’t really impact the role of private stablec...
AADollar – A New Generation Stablecoin For a Dynamic Market
The global cryptocurrency market is gradually moving away from the pluralist model of multi asset interaction and is starting to become more centric, revolving around an established and highly capital...
Congress Could See Stablecoin Bill by End of March
Key Takeaways Competing bills concerning the regulation of stablecoins and their reserves could be introduced in Congress this month. Representative Josh Gottheimer produced an earlier draft of the bi...
Why Stablecoin Interest Rates Are So Damn High
Stablecoins also provide crypto investors with a “safe haven” when cryptocurrency price volatility is high. So when cryptocurrencies go on a wild roller-coaster ride, as they have in recent months, de...
Stablecoin Supply Going Strong As Crypto Markets Recuperate ⋆ ZyCrypto
Advertisement     The long-time held belief that stablecoins help traders and investors avoid crypto value loss due to volatility may be playing out. Many more people ...
The Rise And Rise Of Stablecoins – Report Chronicles A New High In Stablecoin Market Cap ⋆ ZyCrypto
Advertisement     Stablecoins have reached an all-time high in their valuation as the rest of the markets struggled. The new market capitalization of stablecoins stand...
Frax: a fractional-algorithmic stablecoin
February 25, 2022, 11:52AM EST • 8 min read Quick Take FRAX is a stablecoin that is partially collateralized and partially algorithmic with the use of Frax Shares (FXS) as the seigniorage token. Proto...
Terra’s LUNA Jumps 15% as UST Stablecoin Gets $1B Bitcoin Reserve
“Raising a BTC reserve is a smart move and may result in lesser fluctuations of UST during future bouts of market volatility,” Matthew Dibb, chief operating officer and co-founder of Stack...
Luna Foundation Guard plans for BTC UST stablecoin reserve
Luna Foundation Guard (LFG) is dedicated to supporting a vibrant community of blockchain innovators. Recently, the project has committed a big raise through a sale of LUNA, the native cryptocurrency o...
Key takeaways from the stablecoin hearings in Washington
Episode 12 of Season 4 of The Scoop was recorded remotely with The Block’s Aislinn Keely and senior policy reporter Kollen Post. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Podc...
Stablecoin Supply Near $200 Billion, Faster Growth Than Rest of Crypto
Stablecoin supply shows significant growth during the year. The market cap of the top stablecoins is roughly $181 billion, over 11% of the total crypto market, which is now at $1,6 trillion after shed...
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps – Altcoins Bitcoin News
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued mo...
Luna Foundation Guard raises $1 billion to form bitcoin reserve for UST stablecoin
The Luna Foundation Guard (LFG) has raised $1 billion through an over-the-counter sale of LUNA, the native token of the Terra blockchain. The raise, one of the largest in the history of the crypto sec...
Taiwan, Singapore Are Not Stablecoin Fans; Major Cryptos Decline as Russia Invasion Looms
Good morning. Here’s what’s happening: Market moves: Bitcoin and most major cryptos sank amid escalating tensions on the Russia-Ukraine border. A speech by Russian President Vladimir Putin drew the wo...
Will Circle And Tether Reign Supreme? Federal Reserve Predicts Stablecoin Issuer Duopoly
Federal Reserve Governor Lael Brainard, nominated by President Biden to be the Vice Chair of Supervision at the Fed, issued a warning Friday about the rapid growth of stablecoins. Before the 2022 U.S....
Crypto-friendly Wyoming wants its own stablecoin
Competition among US states to become hubs for crypto and blockchain activities has increased significantly over the past year. Wyoming is one of the crypto-friendly states in the US, and it is now pl...
What Dai Stablecoin has in its possession which others miss out on?
It’s an all-over accepted fact that cryptocurrencies are volatile, like really unstable. If we follow a usual definition of currency, it stands for something traded in exchange for goods or services. ...
Russia-Ukraine Tensions Wipe $160 Billion Off Crypto Markets; Stablecoin Demand Rises
According to data from coinmarketcap.com, crypto’s market capital slumped to $1.82 trillion from $1.98 trillion through the week to Feb. 19, losing about 8.1%. In comparison, the S&P 500 stock in...
Wyoming Lawmakers Want State to Launch Its Own Stablecoin
In brief Wyoming lawmakers have proposed legislation to have the state issue its own stablecoin. The proposed stablecoin would be pegged to the U.S. dollar. Will a state launch its own stablecoin by t...