Stablecoin trading dominates crypto market Monday, Tether and BUSD sell at premiums – Market Updates Bitcoin News
On Monday, the crypto economy saw significant market activity with $183.85 billion in global 24-hour trading volume, with a large ...
Tag: Stablecoin
USDC Stablecoin Approaches USD Parity After Fed Bailout Announcement – Bitcoin News
The USDC stablecoin has nearly regained parity with the US dollar after rising slightly above $0.99 on March 12, 2023 ...
USDC Stablecoin Loses Dollar Peg With $3.3 Billion Locked In SVB
The fifth largest cryptocurrency by market value lost its peg to the dollar after its issuer announced that it had ...
USDC Stablecoin Breaks Dollar Peg Following Silicon Valley Bank Collapse
The abrupt collapse of Silicon Valley Bank has hurt the value of the world's fifth-largest cryptocurrency, raising fears of a ...
Circle Issues Update Amid Stablecoin Volatility; Firm is prepared to ‘support USDC and cover any shortfalls’ – Bitcoin News
On Saturday, March 11, 2023, Circle Financial updated the public on its stablecoin, USDC, noting that stablecoin liquidity operations will ...
Makerdao Issues Emergency Proposal To Address $3.1B USDC Collateral After Stablecoin Unlinking Incident Bitcoin News
On March 11, 2023, the Makerdao decentralized finance project issued an emergency proposal following the USDC decoupling incident that caused ...
USDC Stablecoin Decoupling Causes Concern Among Crypto Advocates, 5 Other Stablecoins Drop Below Parity – Bitcoin News
As of Saturday, March 11, 2023, cryptocurrency advocates are concerned that some stablecoin assets have delinked from their $1 peg. ...
USDC stablecoin breaks dollar peg after disclosing $3.3bn exposure to Silicon Valley Bank By Reuters
© Reuters. FILE PHOTO: The SVB (Silicon Valley Bank) logo is seen through broken glass in this illustration taken March ...
BitMEX Co-Founder Arthur Hayes Proposes a Bitcoin-Based Stablecoin
While stablecoins are increasingly scrutinized by regulators in the United States, the community continues to come up with new ideas ...
Frax’s switch to a fully-backed stablecoin signals the end of DeFi’s algorithmic experiment
The Frax community recently approved a proposal to make its FEI stablecoin fully backed by USD equivalents, instead of maintaining ...
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