The world’s economic and societal structures aren’t very stable at the moment — or very safe. Supply chains aren’t working and the global energy shortage is growing — causing cycles of hoarding and un...
Tag: Stablecoins
Why Stablecoins like Tether are Blockchain’s most meaningful offering yet
Every Tether token is backed by a fiat currency. A crypto winter has gripped the industry since late last year. Stablecoins are the most meaningful asset this industry has offered. While the crypto in...
How stable are stablecoins in the FTX crypto market contagion?
If early November’s FTX collapse was crypto’s “Lehman moment” — as more than a few pundits have suggested — will the FTX contagion now spread to stablecoins? After all, Tether (USDT), the market leade...
Kaiko launches market data product tracking Aave, Compound and MakerDAO: Exclusive
Crypto data firm Kaiko announced the launch of a product tracking market data for DeFi lending and borrowing protocols on Ethereum. The Paris-based firm’s new data product will track Aave,...
Over $3.5 Billion Stablecoins redeemed
The market cap of top USD-pegged stablecoins has fallen significantly over the past two weeks following FTX’s implosion, according to available data. Crypto investors are massively redeeming their sta...
Are stablecoins giving Ethereum a run for its money? This new report suggests…
Ethereum’s market cap fell below stablecoins’ market cap The number of transfers and fees declined The FUD (fear, uncertainty, and doubt) surrounding the crypto market is the reason why the community...
Justin Sun v. CZ? Sun’s Poloniex Stops Using BSC-Based Stablecoins
Yuri Molchan Poloniex exchange has stopped deposits and withdrawals of stablecoins that run on BEP20, according to this report Contents Is Sun rivaling CZ of Binance? Poloniex and Huobi imminent merge...
Poloniex Suspends Support For Stablecoins On BSC Network
As a major development, the Poloniex crypto exchange has announced that from November 24, it will suspend deposits and withdrawals functions for stablecoins on the BEP20 (BSC) network. These include U...
Central banks could leverage stablecoins as a shortcut, according to a New York Fed advisor – crypto.news
Central Banks could just opt to use stablecoins instead of developing their own central bank digital currencies (CBDCs), according to one Federal Reserve research advisor. New York Federal Reserve res...
Tether vs. USD Coin on-chain data reveals two very different stablecoins
USD Coin (USDC), a stablecoin issued by the U.S.-based Circle Financials Ltd, is taking the lead over its top rival, Tether (USDT), when it comes to institutional adoption, according to on-chain data....
Fenbushi Founder Bo Shen Loses $42M in Stablecoins, Bitcoin, Ethereum to Hackers
Bo Shen, the founding partner of venture capital firm Fenbushi Capital, took to Twitter on Wednesday to share the news of hackers stealing as much as $42 million in crypto from his personal wallet. Ac...
Stablecoins could offer central banks a shortcut, says New York Fed advisor
Stablecoins could offer central banks a shortcut to having their own digital currencies, a New York Federal Reserve advisor said at an event in London on Tuesday. “Instead of issuing a retail [...
Someone Paid 600% Interest To Borrow CRV
Exchange liquidity protocol Curve has launched its first native stablecoin — crvUSD. The news coincided with a trader borrowing most of the available Curve DAO token (CRV) on Aave, over $50 million wo...
FTX Fraud Pushed Traders Into Stablecoins: Galaxy
As risk-off sentiment continues to dominate cryptocurrency trading patterns, investors are putting more money into what they hope is a safe haven: stablecoins. Stablecoin trading volume has been on th...
XRP Ledger Builders To Launch Another XUMM Wallet On/Off Ramp Supporting 13 Stablecoins
– Advertisement – Gatehub Partners With XRP Ledger Builders To Launch Another XUMM Wallet On/Off Ramp. Developers are working on launching another on/off ramp for the XUMM wallet to allow ...
Why Binance Halted Transactions With Solana Stablecoins
Binance and other top crypto exchanges halted stablecoin deposits from the Solana (SOL) blockchain. The companies released an official statement claiming that the measure will be temporary, but it cou...
Stablecoins Like USDT and USDC Moving out of Gemini & Other Major Exchanges! What’s Next?
The impact of the FTX collapse has been spreading significantly over the other platforms as more number of them are restricting users’ activity, failing to carry out their business as usual. While som...
Gemini, OKX, Crypto.com experienced ‘severe’ outflows as stablecoins see exodus: JPMorgan
Gemini, OKX and Crypto.com experienced “severe” outflows over the past week while a declining stablecoin market shows an investor exodus, according to analysts at JPMorgan Chase. Exc...
Fintech firm TrueLayer to power Coinbase payments, eyes stablecoins
Fintech unicorn TrueLayer is partnering with Coinbase to enable UK users to top up their accounts via their mobile banking app. This is part of a broader push into digital assets as the open-banking c...
Beginner’s guide to Stablecoins | Cryptopolitan
Stablecoins are a type of cryptocurrency that has a special value due to its pegging to the price of another activity. Stablecoins are an integral part of the cryptocurrency world, however, they exist...
Decentralized stablecoins are pitched as crypto’s holy grail, so where are they?
A large amount of the attention Bitcoin gets from the media is due to the crypto asset’s wild price fluctuations and while it has tended to become a bit less volatile over time, the fact that the bitc...
Justin Sun: Tron’s USDD Is Taking Stablecoins to ‘The Next Level’
For a stablecoin launched amid the fallout of the Terra UST collapse last spring, Tron’s USDD is faring remarkably well. The success of Tron’s over-collateralized, decentralized stablecoin has helped ...
3AC wallet shifts over $20M in ETH, stablecoins over past 6 days, fueling rumors of revival attempt
Transactions on the Three Arrows Capital (3AC) wallet have been revitalized as funds began to move again in its main wallet. Large movements of Ethereum (ETH), USDT, and USDC can be seen in the image ...
Stablecoins are … stable again
The stablecoin market has stabilized since the collapse of TerraUSD as confidence is returning to larger coins, Fitch Ratings said. Tether and Circle, the issuers of USDT and USDC stablecoins, ...
Crypto.com CEO Claims Clean of $1B Stablecoins to FTX
FTX received like $1 Billion in stablecoins previously from Crypto.com. Crypto.com CEO claims to have retrieved all of the $1 Billion. CEO further claims ETH sent to Gate.io was indeed an accident. A ...
Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX
During a live ask-me-anything (AMA) session with users on Monday, Crypto.com CEO Kris Marszalek explained that the firm sent large-sum stablecoins to troubled cryptocurrency exchange FTX to fulfill li...
USDT, USDD, FRAX, Who Else? Stablecoins Under Fire Amid Market Uncertainty
Vladislav Sopov Today, almost all major stablecoins de-pegged from their basic currencies, here’s why Contents USDT down, USDC, BUSD up: Unmatched volatility in stablecoin segment Decentralized ...
Justin Sun Moved $6M Stablecoins From TrueFi Lending Pools Before FTX-Alameda Bankruptcy
Justin Sun, founder of the Tron network and a one-time, potential savior of the insolvent crypto exchange FTX, moved $6.1 million in stablecoins from decentralized lending protocol TrueFi, which is am...
FTX crash pushes Bitcoin to self-custody; Ethereum switched for stablecoins
After the FTX collapse, investors are moving large amounts of Bitcoin (BTC) to their self-custody wallets and exiting Ethereum (ETH) to invest in stablecoins, according to data analyzed by CryptoSlat...
Binance retracts purchase offer for FTX; Bitcoin slumps to $15K levels as stablecoins test dollar peg
The biggest news in the cryptoverse for Nov. 9 includes Binance’s decision to not move forward with the potential acquisition of FTX, Bitcoin’s retrace to $ 15,000 levels, and multiple stablecoins dro...