USDC Issuer Circle Reveals It Couldn’t Withdraw $3.3 Billion From Silicon Valley Bank

Stablecoin issuer Circle disclosed late Friday that around $3. 3 billion of its $40 billion USDC reserves remained at Silicon Valley Bank. This comes after the high-tech lender’s share price dropped precipitously in response to a run on deposits by nervous consumers. дальше »

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USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank

The USDC stablecoin lost its $1 peg after its issuer Circle said it has $3.3 billion stuck in the embattled Silicon Valley Bank. The post USDC Market Cap Sheds $6B as Circle Reveals $3.3B Exposure to Silicon Valley Bank appeared first on BeInCrypto. дальше »

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Circle stablecoin USDC depegs to under $0.90

USD Coin (USDC/USD) has fallen below $0. 90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank.   The cryptocurrency news this Saturday also sees major cryptocurrencies, including Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. дальше »

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Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market?

USDC's market cap fell from $43.56 billion to $38.9 billion, a drop of over 11%. As per Nansen, Circle burned $2.34 billion worth of USDC in the last 24 hours. USD Coin [USDC], lost its dollThe post Silicon Valley Bank leaves USDC bleeding- Will it impact Stablecoin market? appeared first on AMBCrypto. дальше »

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USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed. дальше »

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USDC Stablecoin and Crypto Market Go Haywire After Silicon Valley Bank Collapses

USDC's normally stable price sank to $0.89 from $1 while Ethereum gas fees soared hours after the crypto-tied bank failed. дальше »

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Coinbase Pauses Conversions Between USDC and U.S. Dollars as Banking Crisis Roils Crypto

Circle's USDC stablecoin was hit by the shutdown of Silicon Valley Bank, one of its key banking partners. дальше »

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Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank

Silicon Valley Bank, one of the reserve banking partner for Circle's USDC stablecoin, was shut down by regulators on Friday. дальше »

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Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown

Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at failed Silicon Valley Bank. дальше »

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USDC Stablecoin Depegs From $1; Circle Says Operations Are Normal

USDC dropped to $0.973, its lowest level since the collapse of FTX. дальше »

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DeFi Protocol Curve’s $500M Stablecoin Pool Hammered as Traders Flee USDC

Curve's 3pool is supposed to have equal parts USDC, DAI and USDT. The trio are becoming imbalanced amid fallout from Silicon Valley Bank's collapse. дальше »

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Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank

Circle’s USDC, the second largest stablecoin with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank. дальше »

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DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source

Troubled DeFi stablecoin exchange mStable has been searching for a buyer after its founder announced he would leave at the end of March. дальше »

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‘NakaDollar’: Ex-BitMEX CEO Proposes Stablecoin Backed By Bitcoin And Exchanges

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Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin

Amid its ongoing bankruptcy case, Voyager has liquidated more than $80 million since March 8, according to on-chain data sourced from Arkham Intelligence. дальше »

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MakerDAO Founder Calls for Rebranding of DAI Stablecoin

Rune Christensen said DAI suffers from bad branding that could be slowing its growth on a call with community members. дальше »

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USTC up 12% as Binance unveils new trading pair

After reports made rounds that Binance had adopted a trading pair with USDT, the price of the Terra Classic USD stablecoin, commonly known as USTC, went up by 12%. дальше »

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Aave Advances Plan to Nix Borrowing, Lending of Binance’s BUSD Stablecoin

Crypto borrowing and lending platform Aave is moving closer to offboarding Binance's troubled stablecoin BUSD. дальше »

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BitMEX co-founder Arthur Hayes suggests new approach to stablecoins

A stablecoin called NakaDollar, which is independent of fiat currencies and the banking system, was presented by the former CEO of BitMEX to address increasing stablecoin concerns. дальше »

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Bitmex Co-Founder Calls For A Bitcoin-Based Stablecoin

Former CEO and co-founder of BitMex crypto exchange Arthur Hayes proposed a new stablecoin design with a value pegged to Bitcoin. He called it Satoshi Nakamoto Dollar (NUSD) or NakaDollar. The crypto community continues supporting stablecoins despite several misgivings among global regulators and central banks. дальше »

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BitMEX Founder Arthur Hayes Proposes New Stablecoin Mechanism as CFTC Claims Jurisdiction

Arthur Hayes, the co-founder of crypto exchange BitMEX, suggested a novel stablecoin mechanism in his latest blog post. The post BitMEX Founder Arthur Hayes Proposes New Stablecoin Mechanism as CFTC Claims Jurisdiction appeared first on BeInCrypto. дальше »

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Arthur Hayes Proposes Bitcoin-Backed Stablecoin Called NakaDollar

A stablecoin backed by $1 worth of bitcoin and 1x short of a bitcoin perpetual future can be used to provide stability to such a token, Hayes said. дальше »

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Founder of BitMEX Is Proposing a Bitcoin-based Stablecoin

Coinspeaker Founder of BitMEX Is Proposing a Bitcoin-based Stablecoin The proposed NUSD stablecoin won't depend on any USD reserves. Instead, it will solely depend on derivatives exchanges that list liquid inverse perpetual swaps, Hayes said. дальше »

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Terra Classic USD (USTC) up 12% as Binance Adds New Stablecoin Trading Pair

Terra Classic USD (USTC) can now be traded against Tether's USDT on this major crypto exchange дальше »

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First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns

ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. дальше »

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Maker token fails to hold gains despite investments

Stablecoin DAI is considering increasing the amount of money it invests in United States Treasury bonds from the current allocation of $500 million to a potential total of $1.25 billion. дальше »

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New milestone for Tron [TRX], but will that really be enough

TRX completed 5 billion transactions and also outperformed others in terms of stablecoin market cap  However, TVL declined and market indicators remained bearish TRON's latest announcement The post New milestone for Tron [TRX], but will that really be enough appeared first on AMBCrypto. дальше »

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Research: Tether shines as leading stablecoin in evolving market

Following the FTX disaster in November, the stablecoin market has significantly changed, losing $12 billion in value. The post Research: Tether shines as leading stablecoin in evolving market appeared first on CryptoSlate. дальше »

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Stablecoin Issuer MakerDAO Proposes Additional $750M U.S. Treasury Purchase

The decentralized autonomous organization behind the DAI coin previously purchased $500 million worth of notes and bonds. дальше »

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Tether's USDT Stablecoin Market Share Rises to Highest Level in 15 Months

USDT’s market share among stablecoins surpassed 54% on Monday, the highest level since November 2021. дальше »

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Singapore Probes Do Kwon’s Terraform Labs Amid Claims of Laundering $100M Since the Project Collapsed

Singapore police have started investigating Terraform Labs, the company behind cryptocurrency Terra Luna Classic (LUNC) and Stablecoin Terra USD (UST), together with its founder, Do Hyeong Kwon, following the events that cost investors billions worth of losses. дальше »

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Frax’s shift to a fully backed stablecoin signals the end of DeFi’s algorithmic experiment

The sun sets on algorithmic stablecoins as Frax shifts to a fully-backed model.

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Babel Finance Mulls Crypto-Backed Stablecoin to Repay $766M: Report

Hong Kong-based crypto lender Babel Finance is planning on issuing a crypto-backed stablecoin in unison with a decentralized finance (DeFi) platform in an attempt to repay creditors following a $766 million loss last year. дальше »

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Here’s how Binance is mitigating its stablecoin needs after BUSD ban

The recent action from Binance comes in the wake of the NYDFS ordering BUSD issuer Paxos to stop minting new coins.

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Crypto Exchange Stablecoin Inflows Pump, Are Buyers Building Up?

Crypto exchanges appear to be seeing increased inflows of stablecoins. This is usually a sign that buying pressure is about to increase. The post Crypto Exchange Stablecoin Inflows Pump, Are Buyers Building Up? appeared first on BeInCrypto. дальше »

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Voyager dumps 1,449 ETH as SEC opposes $1b Binance US takeover deal

On Mar. 4, Voyager Digital, the bankrupt crypto broker, sold 1,449 ethereum (ETH) via Wintermute, a crypto market maker and a proprietary trading platform, and received 2.25m USDC, a stablecoin. дальше »

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Circle Releases Crucial Update on USDC/Silvergate Issues

Circle managed to move reserves of USD Coin (USDC) stablecoin out of collapsing banking heavyweight дальше »

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Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report 

Stablecoin issuer Tether faces allegations by the Wall Street Journal that it accessed bank accounts through shell companies and accounts used for money laundering. The post Tether Partners Used Fraudulent Documents to Give Company Access to Bank Accounts, Says Report  appeared first on BeInCrypto. дальше »

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Stablecoin Issuer Tether Used Bank Accounts Opened With Falsified Documents in Past: WSJ

Tether, the company behind the world's largest stablecoin, accessed bank accounts by way of falsified documents and intermediaries, a new report says. дальше »

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Binance USD Stablecoin Market Cap Falls Below $10B After Coinbase Delisting

Liquidity is deteriorating for Binance USD as crypto investors have redeemed some $7 billion of tokens from issuer Paxos since regulators ramped up pressure on the stablecoin. дальше »

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Binance USD Loses 43% Of Market Cap Value Following Regulation Issues

Binance USD (BUSD) has suffered a significant loss of about 43% of its market cap value in the last 3 weeks following a regulatory crackdown by U. S. authorities. BUSD is a popular token issued by the Paxos Trust Company, and it serves as the native stablecoin of the Binance exchange. дальше »

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Binance USD (BUSD) Market Cap Plummets, Here’s Why

BUSD stablecoin recorded some setbacks after the US SEC’s recent enforcement action on its issuer, Paxos. Aside from a plunge in trading volume, BUSD’s market capitalization has also plummeted significantly. дальше »

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Cardano-powered Djed stablecoin crashes to $0.13

Cardano’s recently-launched stablecoin Djed (DJED) reportedly crashed to about $0.13 on March 1. Crypto news blog Whale Chart reported the crash on March 3 but didn’t give any details, only briefly stating, “Cardano stablecoin DJED flash-crashed to $0.13.” After investigating… дальше »

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Cardano-Based DJED Stablecoin Now Available for Lending and Borrowing: Details

Cardano's go-to stablecoin available for lending and borrowing from now on дальше »

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USDC issuer Circle joins companies ditching crypto bank Silvergate 

USDC stablecoin issuer Circle has announced its withdrawal from specific services involving Silvergate Capital Corp, joining other companies in distancing themselves from the troubled crypto bank. дальше »

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Giddy Wallet Announces First-Ever Autogas Feature for Polygon

Giddy is introducing the ability to pay for gas with USDC stablecoin or the GIDDY token on Polygon for wallet users. Gas can also still be paid with MATIC. дальше »

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Developers Excited Over Chainlink Functions, but Degens Unhappy

Chainlink Functions, a serverless developer platform, aims to simplify developers' lives. But the degens call it a “stablecoin.” The post Developers Excited Over Chainlink Functions, but Degens Unhappy appeared first on BeInCrypto. дальше »

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Trio of Japanese Banks Look to Embark on Stablecoin Experiment

Coinspeaker Trio of Japanese Banks Look to Embark on Stablecoin Experiment Japanese banks Tokyo Kiraboshi Financial Group, The Shikoku Bank, and Minna no Bank are reportedly launching a stablecoin to enhance payments. дальше »

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Djed Stablecoin Becomes Fourth Largest Project on Cardano Network, Here's What's Next

COTI says its main focus, for now, is to establish DJED's adoption дальше »

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Cardano: Djed Stablecoin Now 4th Largest Project on Network, What’s Next

COTI says its main focus, for now, is to establish DJED's adoption дальше »

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