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...
Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection
Shortly after the custodian Bitgo introduced its acquisition of the corporate Prime Trust, its funds subsidiary, a agency known as Banq, filed for Chapter 11...
Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions
From the start of this 12 months, the crypto economic system has surged by 41.77%, reaching a present market capitalization of $1.17 trillion. However, amidst...
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...
Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions
Four stablecoins have lowered their provides this month, whereas the stablecoin token TrueUSD (TUSD) has seen its provide soar 110% greater during the last 30...
Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
According to statistics, on March 26, the stablecoin financial system was valued at $135 billion, with the highest stablecoins representing $31.8 billion or 75% of...
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...
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...
Binance Increases USDC Holdings as BUSD’s Market Cap Slides Lower
Eight days in the past, Paxos introduced that the corporate would not mint the stablecoin BUSD. Since then, the coin’s market capitalization has been sliding...