Stablecoin supply on cryptocurrency exchanges drops 50% in 4 months
Glassnode data on March 26 shows The supply of stablecoins on exchanges has less than halved to less than $24b in four months. Dwindling stablecoin supply on exchanges In November,…
r/CryptoCurrency – Stablecoin balances on exchanges have halved in about 4 months and are still in free-fall. Most of it is also held in Bitcoin.
One thing that we will probably all agree on here is that the stablecoin market in crypto is very questionable. While this is what we need for DeFi and various…
MakerDAO: The USDC stablecoin is DAI’s main collateral asset
Source: Adobe Decentralized autonomous organization MakerDAO Despite the difficulties faced by USDC issuers running the Maker Lending Protocol, it has chosen to have the USDC stablecoin as the main reserve…
Tether claims $1.6 billion in additional storage to back its stablecoin | Bitcoinist.com
The number one stablecoin by market cap has announced that it will reach $1.6 billion in reserves in addition to Tether (USDT). The firm estimated the number for the March…
Stables partners with Mastercard and Circle to facilitate stablecoin payments
The Stables platform introduced its new virtual card, allowing payments in stablecoin at all points that accept MasterCard. Initially available in Australia, the solution aims to expand to the rest…
DeFiChain became one of the first blockchains to fully integrate the Euro Coin, a Euro-backed stablecoin.
Advertising Singapore, Singapore, March 20, 2023, Chainwire DeFiChain, the world’s leading blockchain on bitcoin network dedicated to providing decentralized financial applications and services to everyone, has announced the debut of…
Kucoin and Circle Back Chinese Yuan-pegged Stablecoin in $10M Round
Circle Ventures, the venture arm of USDC issuer Circle, has invested in an offshore Chinese yuan-backed stablecoin project, CNHC. The timing and strategic importance of the tie-up is hard to…
Tether Market Cap Rises 10% After Stablecoin Meltdown – Can It Retain Its Lead?
Source: Adobe The market capitalization of the popular stablecoin Tether (USDT) increased as other stablecoins, including Circle’s USD Coin (USDC) and MakerDAO’s DAI, briefly lost ground over the weekend. As…
National Australia Bank successfully completes self-issuing Stablecoin transaction Bitcoinist.com
Stablecoins have been an integral part of the many developments and improvements going on in the crypto sector. Cryptocurrency networks are not the only systems implementing new developments in the…
TerraUSD: Why the US Department of Justice is Now Investigating the Collapse of Stablecoin | Bitcoinist.com
The US Department of Justice is investigating the 2022 collapse of the TerraUSD stablecoin and is considering bringing criminal charges against the coin’s creator, Du KwonAs reported by the Wall…
