Stablecoin Storm — Gemini’s GUSD Shrinks 93% Amidst Market Turbulence
Over the previous few years, the stablecoin market has considerably slowed, significantly since mid-2022, following the collapse of Terra’s stablecoin. Additionally, final 12 months, the...
Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31
While a number of prime digital belongings have decreased in worth towards the U.S. greenback over the previous month, the stablecoin economic system has misplaced...
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...
Stablecoin Economy Sheds Another $3 Billion in 44 Days
The stablecoin financial system continues to deplete as greater than $3 billion has been erased from the stablecoin market ecosystem during the last 44 days....
Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days
While the stablecoin financial system has seen fluctuations from particular stablecoin tokens both rising the mission’s variety of tokens in circulation or lowering the availability,...
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower
Since the Terra stablecoin fiasco in May, the highest stablecoins by market capitalization dropped 10.66% from $171.37 billion to at this time’s $153.09 billion. During...
Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper
This week, the stablecoin issuer Tether Holdings Limited revealed an replace to its assurance and attestation course of and detailed that the corporate has been...
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,...
USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged
Since June 12, 2022, the Tron-based stablecoin USDD has remained under a U.S. greenback in worth. On Monday, USDD had a 24-hour buying and selling...
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...