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...
Paxos Expands to Solana Following NYDFS Nod, Widening Stablecoin’s Horizon
The tokenization and stablecoin platform Paxos has revealed plans to broaden its stablecoin issuance to the Solana blockchain. The firm, which oversees the pax greenback...
Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume
For the primary time in months, your complete record of high ten stablecoin belongings has skilled provide shrinkage within the final 30 days. The stablecoin...
A Comprehensive Look on the New Paypal Stablecoin, Its Control Dynamics, and ‘Freeze’ Option Trending on Social Media
At the time of writing, the official Paypal stablecoin PYUSD sensible contract has been unveiled, and because it stands, the utmost combination provide quantities to...
Payments Giant Paypal Launches Dollar-Backed Stablecoin PYUSD
Paypal has launched its personal stablecoin, representing the primary enterprise of its form by a number one monetary agency. Initially reported by Bloomberg, the launch...
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
The stablecoin economic system continues to shrink, with greater than $3 billion in worth faraway from at present’s prime stablecoin valuations in lower than 40...
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...
Tether’s Market Cap Inches Towards All-Time High as Competitors Struggle With Redemptions
Despite a number of U.S. dollar-pegged digital tokens experiencing notable redemptions in latest months, the biggest stablecoin by market valuation, tether, is on the verge...
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...
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....