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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. дальше »

2023-3-28 16:36


MakerDAO Maintains Trust In USDC Despite Depeg Debacle

MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.   Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world’s second-largest stablecoin, dismissing any other viable options. дальше »

2023-3-26 07:15


Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin

The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter. Tether Chief Technology officer Paolo Ardoino disclosed that it expects an estimated $700 million in profit within the said period pushing the reserves higher. Ardoino further […] дальше »

2023-3-24 21:00


Mastercard Partners Australian Fintech Stables to Enable Stablecoin Payment

Coinspeaker Mastercard Partners Australian Fintech Stables to Enable Stablecoin Payment The collaboration between both entities to enhance USDC payment might attract some forms of skepticism owing to the Fear, Uncertainty, and Doubt (FUD) surrounding Circle, USDC, and the exposure to the three US banks that collapsed in the past week. дальше »

2023-3-22 14:37


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USDC’s supply has plunged $21 billion from peak as banking turmoil scares crypto investors

Until a week ago, USD Coin was seen as the world’s safest stablecoin.  BUSD, one of its chief rivals, was shut down last month by US regulators. Tether, the only stablecoin currently ahead of USD Coin, has long been plagued by questions over its reserves (I interviewed Tether’s Paolo Ardoino on this and other stablecoin […] The post USDC’s supply has plunged $21 billion from peak as banking turmoil scares crypto investors appeared first on Invezz. дальше »

2023-3-19 13:42


Circle says substantially all USDC minting, redemption backlogs are resolved after wild week

After the weekend’s depegging of the stablecoin, Circle, which issues USDC, has declared that substantially all the minting and redemption backlogs have been resolved. The post Circle says substantially all USDC minting, redemption backlogs are resolved after wild week appeared first on CryptoSlate. дальше »

2023-3-17 23:01


Sovryn Introduces Decentralized Bitcoin-Backed Sovryn Dollar, to Combat Centralized Stablecoins

London, United Kingdom, 16th March, 2023, Chainwire Sovryn, the leading Bitcoin-based decentralized finance (DeFi) platform, launches the Sovryn Dollar (DLLR). The Sovryn Dollar introduces a new standard of stablecoin, 100% backed by Bitcoin to provide unparalleled censorship-resistance, security, and reliability. дальше »

2023-3-16 18:04