WLFI alleges coordinated attack as USD1 shrugs off brief depeg

World Liberty Financial [WLFI] said a “coordinated attack” targeted its USD1 stablecoin on Monday, 23 February. This came after the token briefly slipped below its $1 peg amid a burst of online spThe post WLFI alleges coordinated attack as USD1 shrugs off brief depeg appeared first on AMBCrypto.

Stablecoins Become Go-To Rail for $141 Billion in Illicit Crypto Flows

Illicit use of stablecoin is now at its highest level following the mainstream adoption of the asset class by multiple organizations.

ProShares’ stablecoin-ready ETF posts ‘insane’ $17B trading debut

A money market fund targeting issuers regulated under the U.S stablecoin law, GENIUS Act, has made a new record for debut trading volume.  The ProShares GENIUS Money Market ETF (NYSE: IQMM) saw a The post ProShares’ stablecoin-ready ETF posts ‘insane’ $17B trading debut appeared first on AMBCrypto.

Crypto has a native version of the M2 money supply that’s falling and killing Bitcoin liquidity

Stablecoin supply is crypto’s deployable cash. With a total stablecoin market cap of around $307. 92 billion and down -1. 13% in the past 30 days, the pool has stopped growing month over month. When supply stalls, price moves get sharper, and Bitcoin feels it first in thin depth and bigger wicks.

ECB slaps a €1.3B price tag on the digital euro amid leadership change rumors

European Central Bank President, Christine Lagarde, runs an institution that trades in certainty, and she does it in a moment that rewards ambiguity. Earlier this week, the story around her took on a familiar European shape: official silence wrapped around very specific timing.

$47.5B in Stablecoins Now Pooled on One Exchange as Binance Holds 65% of Liquidity

Nearly $47B of stablecoins are parked on one exchange, with Binance holding 65% of liquidity, a sign that capital is concentrating, not fleeing, crypto markets.