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....
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...
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation
During the previous 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with a lot of the redemptions occurring following the depegging...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 Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums
On Monday, the crypto financial system skilled important market exercise with $183.85 billion in world commerce quantity over 24 hours, with a big portion of...
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum
On Monday, Binance CEO Changpeng Zhao, also called CZ, introduced that the corporate had determined to transform $1 billion value of BUSD from the Industry...
USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
The stablecoin USDC has almost regained parity with the U.S. greenback after rising simply above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time....
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident
On Saturday, a number of centralized crypto buying and selling platforms and cost processors stopped USDC auto conversions. However, USDC skilled a major buying and...
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
On Saturday, March 11, 2023, crypto advocates are involved as a couple of stablecoin belongings have depegged from their $1 parity. The second-largest stablecoin USDC,...
Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range
The realm of stablecoins is an ever-evolving panorama and the variety of cash in circulation for the stablecoin BUSD has fallen beneath the ten billion...
TUSD Leverages Chainlink Proof of Reserve for Real-Time Verification of Stablecoin Minting
On Wednesday, the stablecoin mission Trueusd introduced that it’s leveraging Chainlink Proof of Reserve (POR) know-how to supply real-time verification for the minting of trueusd...