Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin

2023-3-31 02:13

USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.

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key stablecoin usdc dollar peg earlier banking

key stablecoin → Результатов: 54


45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive

Key Takeaways $23.6 billion of stablecoins are currently on exchanges, the least since October 2021 45% of stablecoins have fled exchanges in the last four months 61% of USDC has left exchanges in the three weeks since Silicon Valley Bank’s collapse, while 50% of BUSD has evaporated since regulators announced it was to shut down […] The post 45% of stablecoin balance has left crypto exchanges in 4 months, but where has all the money gone? – A Deep Dive appeared first on CoinJournal.

2023-3-28 16:36


PODCAST: What does DAI’s future hold post-BUSD? MakerDAO joins the CoinJournal podcast

Key Takeaways Sam MacPherson of MakerDAO, the creators of the decentralised stablecoin DAI, joins the podcast Sam and host Dan Ashmore discuss the future of the DAI stablecoin following the relations that BUSD will shut down amid the SEC clampdown in the US The duo chat collateral, capital efficiency, centralisation, Tether, USDC, criticisms of DAI, […] The post PODCAST: What does DAI’s future hold post-BUSD? MakerDAO joins the CoinJournal podcast appeared first on CoinJournal.

2023-2-21 18:59


Crypto needs more public companies – collapse of Circle IPO indicative of industry troubles

Key Takeaways Circle issues the USDC stablecoin, the world’s fifth largest cryptocurrency with a market cap of $44 billion Circle announced plans to go public in July 2021 at $4.5 billion valuation This valuation doubled to $9 billion last February, but deal was cancelled in December Crypto needs more public companies to establish legitimacy, our […] The post Crypto needs more public companies – collapse of Circle IPO indicative of industry troubles appeared first on CoinJournal.

2023-1-26 14:42


Coinbase tell customers to dump Tether, stablecoin war heats up

Key Takeaways Coinbase has encouraged customers to dump Tether for USD Coin by waiving fees Binance had delisted USDC pairs last September to push its own stablecoin, BUSD The war between the centralised stablecoins deepens DAI holds the torch for decentralisation but faces uphill battle for relevancy as model seems unscalable The stablecoin war is […] The post Coinbase tell customers to dump Tether, stablecoin war heats up appeared first on CoinJournal.

2022-12-9 16:43


Circle plan to go public is cancelled. What does it mean for stablecoin market?

Key Takeaways Circle, issuer of USDC, has cancelled a plan to go public in a $9 billion deal Public listing could have presented USDC as the anti-Tether, pushing a fully transparent and audited angle Cancelled deal reflects pulldown in prices across the board Circle remain determined to go public eventually, but in the interim, will […] The post Circle plan to go public is cancelled.

2022-12-7 14:15


VeChain (VET) Sends Bearish Signals? Analyst Points Key Levels

VeChain has followed the general sentiment in the market and it’s currently trading in the green. Its 24-hour profits stand at 7. 8% with VET’s price exchanging hands at $0. 053. Related Reading | VeChain Foundation Announces New Stablecoin, Could It Create Fresh Demand For VET? In a recent video posted on his YouTube channel, analyst Justin Bennett looked into VeChain as the sell-off across the crypto market seems to slow down.

2022-1-26 01:00


Meet DAI at 1xBit.com

Are you looking for a smart way to enjoy price stability in blockchain? Then meet DAI at 1xBit – an Ethereum-based stablecoin with its value of 1 USD, the key in the MakerDAO lending system. DAI is the 31st cryptocurrency added to the constantly growing list of supported cryptocurrencies at 1xBit.com. What makes DAI so […]

2021-7-6 19:34


Tether tops the list on institutional usage despite ongoing backing irregularities

No matter which way you look at it, Tether will always occupy center stage while Bitcoin is in the limelight following its price surge. With the collective community noticing a trend in the market capitalization of USDT and the price rise of BTC, coupled with the slew of controversies surrounding the stablecoin, one key part […] The post Tether tops the list on institutional usage despite ongoing backing irregularities appeared first on AMBCrypto.

2019-6-23 16:30