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PortuguêsTORN is near a historically strong support range, eyeing a 75% rebound by September 2022. Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped…
Continue ReadingWe believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated. Hot on the heels…
Continue ReadingThe invention of Bitcoin [BTC] in 2008 led to the idea of decentralization which became the mantra of the entire crypto ecosystem. However, it was necessary to involve regulators and…
Continue ReadingThe ETHPoW fork proposal comes from the miners. It’s only logical that they want to keep Ethereum as a Proof-Of-Work chain, since all of their profit will evaporate overnight with…
Continue ReadingStablecoin issuers can blacklist interactions with the Tornado Cash dApp on the Ethereum smart contract level. According to crypto data aggregator Dune Analytics, on Monday, Circle, the issuer of the…
Continue ReadingThe crypto industry has reclaimed the $1 trillion mark as markets recovered in the past few days. Notably, the overall change in investors’ sentiment has paved the way for the…
Continue ReadingThe Tether printers have been fired up again as the USDT circulating supply has started to tick up. The world’s largest stablecoin, Tether (USDT) has expanded its circulating supply following…
Continue ReadingWhile the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569…
Continue ReadingArgentina has made it to national headlines with their recent most signing of a local football player with cryptocurrency. Sao Paulo is one of the largest soccer teams in Brazil…
Continue ReadingIn the world of stablecoins, Tether USDT was the king until the crash. Since then, others have fought seriously to take the position. But amid all the striving stablecoins, reports…
Continue ReadingOne of the more unsettling events in the stablecoin sector occurred in May when Terra’s UST lost its 1:1 dollar peg. Chaos resulted from the de-peg, which also utterly destroyed…
Continue ReadingThe total supply of stablecoins decreased globally by 18.8% at the end of the second quarter of 2022 as the equities markets and risky assets experience volatile times due to…
Continue ReadingUSD Coin price is currently trading at $0.999137, down 0.2 percent in the last seven days, data from Coingecko show, Saturday. USDC hit its all-time high three years ago or…
Continue ReadingDuring the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and…
Continue ReadingThe crypto bear market of 2022 has spared no digital asset in the space, and stablecoins have been no different. The assets which have always served as a safe haven…
Continue ReadingThe entire crypto space felt a negative impact from the failure of the algorithmic stablecoin UST and Terra’s native token, LUNA. Other top stablecoin projects like Tether’s USDT and Circle’s…
Continue ReadingCrypto lending firm Voyager posted an update on its “restructuring process” and how it will impact its crypto users. Last week, the company filed for bankruptcy following a default on…
Continue ReadingThough caught up in the web of the prevailing crypto bear market, Celsius adversely impacted the situation. The crypto lending platform has been struggling to break loose from the effect…
Continue ReadingBitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances…
Continue ReadingThe current state of the cryptocurrency market can be best described with the help of falling dominoes. First, it was the collapse of the algorithmic stablecoin TerraUSD [UST], sowing turbulence…
Continue ReadingThe USDT-to-USDC market cap ratio fell to its lowest ever in July 2022. The growth of Circle’s native stablecoin USD Coin (USDC) in the last two months compared to its…
Continue ReadingA few weeks have passed ever since the Terra UST stablecoin crash. The incident seems to have triggered more concerns about stablecoins and USDC has found itself in the spotlight.…
Continue ReadingOn-chain data shows the USD Coin exchange reserves have gone up recently, suggesting that investors may be exiting volatile markets like Bitcoin. USD Coin All Exchanges Reserve Has Been Climbing…
Continue ReadingCircle Internet Financial has revealed a usd coin custody partnership with the American bank holding company New York Community Bancorp (NYCB). Under the agreement, NYCB’s subsidiary, New York Community Bank,…
Continue ReadingDuring the past 30 days, $285 billion has left the crypto economy and bitcoin’s USD value hit a 2022 low at $17,593 per unit on June 18. Moreover, last month’s…
Continue ReadingTether, the company behind the largest stablecoin by market capitalization, has announced another fiat-pegged stablecoin called GBPT on Wednesday, tied to the value of the British pound sterling. The news…
Continue ReadingAt least on the Ethereum network, USDC real volume has nearly doubled that of USDT in the past 24 hours which could be another sign that the top stablecoin‘s dominance…
Continue ReadingWith the crypto market crash has come a renewed interest in the cover that stablecoins provide investors. As a result of this, crypto investors had flocked to stablecoins such as…
Continue ReadingSince June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per…
Continue ReadingThe stablecoin market, like the rest of the cryptocurrency ecosystem, continues to see new updates every day. Things changed rapidly, especially after TerraUSD [UST] came into the picture only to…
Continue ReadingThe latest victim of the crypto crash looks set to be Abracadabra’s a U.S. dollar-pegged stablecoin Magic Internet Money (MIM). The talks of the de-pegging started to spread on 17…
Continue ReadingOn Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token…
Continue ReadingDoes the world need Euro Coin? There are already stablecoins pegged to the Euro in the market. The difference here, however, is Circle. As the issuer of the well-regarded USDC,…
Continue ReadingTron’s stablecoin USDD has remained below the $1 parity for well over 24 hours and around 3:00 a.m. (ET), USDD hit a low of $0.958 per unit. The Tron DAO…
Continue ReadingThe passing of an investment proposal brought into question a legal agreement between the organizations and the Merit Circle DAO agreed to a counterproposal that would ensure a settlement. A…
Continue ReadingFollowing 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…
Continue ReadingBuenbit, 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…
Continue ReadingMoneygram, a remittance and payments company based in the U.S., has announced the integration of USDC, a dollar-pegged stablecoin, as a settlement asset for its cash to crypto and crypto…
Continue ReadingRoughly 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…
Continue ReadingMajor cryptocurrencies like Bitcoin and Ethereum can sometimes go up or down in double-digit percentages in a single day. As a result, most people associate cryptocurrencies with volatility. But some…
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