What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
Stablecoins occupy a singular area inside the realm of finance, straddling the worlds of conventional and cryptocurrency finance. These digital property purpose to attain value...
BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span
The stablecoin panorama witnessed a shifting dynamic this week, with the as soon as fourth-largest stablecoin, binance usd (BUSD), relinquishing its place. This change arises...
SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value
Throughout the final 12 months, the U.S. Securities and Exchange Commission (SEC) has recognized quite a few crypto belongings as securities in circumstances involving Binance,...
DAI Emerges as Third-Largest Stablecoin, Overtaking BUSD in Market Capitalization
Makerdao’s DAI stablecoin is now the third-largest stablecoin by market capitalization, surpassing Binance USD (BUSD), which has formally declined to $4.304 billion. DAI’s market valuation...
SEC Deems DASH, ALGO, and OMG ‘Unregistered Securities’ in Bittrex Lawsuit
According to the latest grievance by the U.S. Securities and Exchange Commission (SEC) in opposition to Bittrex, the securities regulator insists that a couple of...
With Close to 10 Billion Stablecoins Redeemed, BUSD’s Supply Drops to Lowest Level Since April 2021
Statistics recorded on April 15, 2023, present that the variety of cash in circulation for the stablecoin BUSD dropped beneath the 7 billion vary to...
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
During the previous 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with a lot of the redemptions occurring following the depegging...
Stablecoin Market Sees Supply Increase for Tether as Competitors Decline in Light of Recent Regulatory Developments
While the stablecoin market has seen vital redemptions up to now three months, the provision of tether, the biggest stablecoin by market capitalization, has elevated...
Paxos Receives Wells Notice from SEC, NYDFS Orders Issuer to Stop Minting BUSD
According to a report revealed on Feb. 12, 2023, the New York-based monetary establishment and expertise firm, Paxos, has acquired a Wells Notice from the...
Binance and Paxos-Backed Stablecoin BUSD’s Market Cap Climbs 22% in 2 Months
In mid-August, or 68 days in the past, the market capitalization of the stablecoin BUSD was roughly $17.7 billion and since then, its grown 22.88%...