• 23 November, 2024

Tag: Stablecoins

News
MakerDAO Boasts Impressive Total Collateralization of 154% with $8.26B in Assets

MakerDAO Boasts Impressive Total Collateralization of 154% with $8.26B in Assets

MakerDAO, the Ethereum-based protocol behind the popular DAI stablecoin, has announced an impressive milestone. According to the project’s latest update,

News
Stablecoin Markets in Freefall: Tether (USDT) Takes Charge

Stablecoin Markets in Freefall: Tether (USDT) Takes Charge

The stablecoin market, valued at $137 billion, has been shaken after New York-based Paxos Trust Company announced it would cease

News
Avalanche-Based Stablecoin Exchange Platypus Hacked, $8.5 Million Lost

Avalanche-Based Stablecoin Exchange Platypus Hacked, $8.5 Million Lost

Platypus, a stablecoin exchange platform built on the Avalanche chain, has suffered a significant loss of approximately $8.5 million after

News
Investment Funds Are Gravitating Towards More Reliable Stablecoins as a Safe Haven for Their Assets

Investment Funds Are Gravitating Towards More Reliable Stablecoins as a Safe Haven for Their Assets

Investors are now exercising caution when handling BUSD, with many rapidly liquidating their positions. This has led to a surge

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Stablecoins Are Not Securities: Coinbase

Stablecoins Are Not Securities: Coinbase

The New York State Department of Financial Services (NYDFS) recently directed the Paxos Trust to cease issuing the BUSD stablecoin.

News
Yesterday Curve’s Stablecoin Transaction Capacity Skyrocketed to a Record-breaking $814M!

Yesterday Curve’s Stablecoin Transaction Capacity Skyrocketed to a Record-breaking $814M!

This surge in Curve’s single-day stablecoin transaction volume can be attributed mainly to 3pool, the leading liquidity protocol for decentralized

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Tether Reports Strong Q4 2022 Results with $700 Million Profit

Tether Reports Strong Q4 2022 Results with $700 Million Profit

The leading stablecoin issuer, Tether, has received validation of its reserves from top accounting firm BDO through an assurance opinion.

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Stablecoins Could Become Widely Adopted Globally in the Near Future – Here’s Why

Stablecoins Could Become Widely Adopted Globally in the Near Future – Here’s Why

Stablecoins are rapidly gaining popularity as the leading crypto application and could become mainstream sooner than any other crypto application,

News
Decrease In Stablecoins Supply Hints Another Crypto Winter On Horizon?

Decrease In Stablecoins Supply Hints Another Crypto Winter On Horizon?

Stablecoins gaining popularity lately but face uncertainty over new regulations. Hong Kong announced it will not permit algorithmic stablecoins Stablecoins

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Stablecoins Hints Caution Amid  Pre-Fed Anxiety

As the gap widens between Curve’s 3pool and U.S bond yields, Stablecoins become less attractive Over the last 44 days,

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Fantom Blockchain Unveils fUSD v2 Stablecoin Upgrade

Fantom Blockchain Unveils fUSD v2 Stablecoin Upgrade

Fantom, a blockchain platform, plans to launch version 2 of its fUSD stablecoin to provide a more predictable and cost-effective

News
Visa CEO Outlines Plans for CBDC and Stablecoin Integration

Visa CEO Outlines Plans for CBDC and Stablecoin Integration

During the annual stockholder meeting of credit card giant Visa on Tuesday, the company’s Chief Executive, Alfred F. Kelly, spoke