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This week, the crypto market touched rock bottom as the drop in Bitcoin, altcoins and stablecoins soured investor sentiment. In at least two years, Bitcoin had its most tumultuous week and the market continued to experience a panic selloff on Saturday. The market's majority of stablecoins have lost their $1 parity. Tether (USDT), the largest …
His Excellency Justin Sun, founder of Tron (TRX), shares that USD Coin (USDC) expands its bet on Tron (TRX) as technical basis
The cryptocurrency ecosystem is gradually seeing a comprehensive recovery, and while there is still a bit of volatility in the market, exchange tokens are on a bullish tear as investors return back to trading actions
It was only a week ago when the stablecoin economy got awfully close to surpassing the $200 billion mark. But Terra's recent collapse changed all that.
Circle, the payments technology company behind the digital stablecoin USDC, has revealed, in a blog post, that it has redeemed 6.7 billion USDC and further minted 8.4 billion USDC during the past week, with 99.3 billion USDC and 61.1 billion USDC minted and redeemed respectively during all of 2021. Circle prides itself at being transparent The post Just-In: Circle Mints 8.4 Billion USDC Within 7 Days, Why?
The Bitcoin ecosystem is changing the narrative of being just a network for BTC financial transactions. In a recent report, the ecosystem is reviewing plans to move towards a decentralized finance (DeFi) ecosystem.
$4 million for a tool to track the pandemic
Average Ethereum gas prices were on track to quadruple over the past two days, thanks in part to stablecoin transactions.
Investor concerns about Galaxy Digital (GLXY.TO) being subject to significant losses given its exposure to Terra's LUNA token are “clearly unwarranted,” BTIG equity research analyst Mark Palmer told clients in a note Thursday.
Early bird Circle CEO and founder Jeremy Allaire took to Twitter today to tout USDC, Circle's dollar-based stablecoin while throwing shade at competitor Tether (USDT) – a competing dollar-based stablecoin. USDC/USDT is the trade of the day.
The U.S. SEC Chair Gary Gensler criticized stablecoins and digital asset exchanges for trading against their customers. This criticism comes at a low point for the crypto market which is currently going through a rough patch.
Can you hear the guns being loaded? That's the sound of battle intensifying as there are only three stablecoins holding their places among the top ten cryptos by market cap.
As the cryptocurrencies like Bitcoin, Ethereum among others are known for their steep volatility, there is another asset class called Stablecoin and this is known for its least volatility due to its peg with the US dollar. The main reason for building a stablecoin is that it won't fluctuate in price along with giving crypto …
The best cryptos to buy during this discount period are the players that have lots of longevity and strong use cases.
Tether's co-founder and DeFi execs weigh in on what the collapse of Terra's UST means for asset-backed stablecoins like USDT and USDC.
While the Crypto market has plummeted to an all time low in 2022, most of the crypto investors seem to be grabbing the buy the dip opportunity by purchasing stablecoins and few other tokens. Though this activity did not have a major impact on the price, as selling was larger than buying, the transactions could …
