USDE and FDUSD Experience Brief Depegs Amid Saturday’s Crypto Market Shake-Up
The fifth-largest stablecoin within the crypto financial system by market capitalization, Ethena’s USDE, briefly indifferent from its peg on Saturday amid market declines. Data reveals...
Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights
Market evaluation reveals ongoing stability challenges for the stablecoin trueusd in sustaining its focused $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan....
TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold
Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its ordinary $1 parity, dipping to $0.979 per coin the subsequent day....
‘Over-Collateralization Can Help Mitigate the Risk of Stablecoin Depegging’ — Pendulum CTO
Despite being touted as a game-changing innovation, the decentralized finance (defi) ecosystem remains to be not related to fiat rails largely due to regulatory and...
Report: Before the Bankruptcy Filing, FTX Co-Founder SBF Was Told by Crypto Execs to ‘Stop Trying to Depeg Stablecoins’
According to a latest report printed by the Wall Street Journal (WSJ), cryptocurrency executives have been allegedly involved that Sam Bankman Fried’s (SBF) Alameda Research...
Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity
It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. greenback and the value has remained depegged from the dollar...
Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89
On Thursday, the cryptocurrency alternate Huobi Global introduced that the buying and selling platform plans to delist the stablecoin HUSD and the delisting will start...
Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
The stablecoin HUSD, initially related to the crypto trade Huobi Global, misplaced its peg with the U.S. greenback on Wednesday, August 17, and it dropped...
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
2022 has been the yr of damaged stablecoins as a myriad of dollar-pegged crypto belongings depegged from their greenback worth this yr. On August 14,...
Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout
Amid the crypto market carnage this weekend, one other stablecoin slipped beneath the $1 peg on Saturday, June 18, because the crypto asset referred to...