Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
In a joint assertion, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, introduced the dissolution of the Centre Consortium. Consequently, Circle will...
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
Base, the Ethereum layer two (L2) scaling answer supported by Coinbase, has skilled over $175 million funneled into its decentralized finance (defi) protocol since its...
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
In the transient span from July 12, 2023 to August 6, 2023, the stablecoin economic system witnessed a staggering loss exceeding $1.53 billion in worth....
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
The stablecoin economic system continues to shrink, with greater than $3 billion in worth faraway from at present’s prime stablecoin valuations in lower than 40...
Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks
The prime stablecoins have continued to see redemptions over the previous 30 days because the dollar-pegged crypto financial system at the moment hovers at $127.32...
Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’
Bitwage, a cryptocurrency payroll firm, has introduced it should take away USDC-based funds for U.S. residents. In an e mail despatched to U.S.-based prospects, Bitwage...
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
The market capitalization of the stablecoin economic system on July 2, 2023, has fallen under the $129 billion mark to the present $128.21 billion, in...
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
Despite the decline in stablecoins on account of substantial redemptions, significantly from tasks like USDC, DAI, and BUSD, the undertaking TUSD has skilled a notable...
Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Experience Supply Decline
According to statistics, over the span of 30 days, from May 15 to June 15, 2022, greater than 2.4 billion stablecoins had been redeemed. During...
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months
Three months have handed since Paxos made the choice to stop the manufacturing of recent BUSD tokens, complying with the directive issued by the New...