Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
On May 13, Circle’s chief monetary officer Jeremy Fox-Geen revealed a weblog publish referred to as “How to Be Stable,” following the aftermath of Terra’s...
Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
As all the lot of 12,333 digital currencies hovers simply above $1.8 trillion in worth, the stablecoin economic system has just lately swelled to $178.8...
Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors
On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4...
Poly Network Hacked for More Than $600 Million — Hacker Trolls Project Saying ‘It Could Have Been a Billion’
On August 10, the decentralized finance (defi) project Poly Network suffered a loss of over $600 million according to various reports. The hack follows a...
Polygon-Based Defi Stablecoin Safedollar Plunges to Zero — Team Is Investigating Exploit
The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain...