Category: USDC

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USD 100M Cronos Accelerator, Citadel Mulls Crypto ETFs, USD 6M Bug Bounty + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: USD 100M Cronos Accelerator, Citadel Mulls Crypto ETFs, USD 6M Bug Bounty + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

DAI Takes the Reigns as the Leading Decentralized Stablecoin by Market Capitalization

Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi protocol in terms of total value locked (TVL). Makerdao’s DAI Regains the Top Decentralized Stablecoin Position This month, it’s quite…
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USDD vs UST: Is Justin Sun’s New Stablecoin Just a Clone of UST?

  UST, a stablecoin that’s supposed to maintain a price peg with the US dollar 1:1, spiraled out of control to reach as low as USD 0.10 this month. Following the momentous rise of UST in just a few months, only a few predicted its monumental crash, especially with the dominance stablecoins were gaining in…
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Tether Launches Tokens Pegged to the Mexican Peso on Ethereum, Tron, and Polygon

The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT Stablecoin Is Pegged 1:1 to the Mexican Peso The stablecoin and blockchain…
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Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg’s Meta Ambitions + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Inflation Might Bring New Crypto Users, Tethered Peso, the Price of Zuckerberg’s Meta Ambitions + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report

The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s…
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Terra Collapse Continues to Plague Defi — Value Locked in Cross-Chain Bridges Down 20% This Month

Following the aftermath of the Terra blockchain fiasco, decentralized finance (defi) continues to feel the impact of the project’s fallout. During the last four days the total value locked (TVL) in defi has dropped 2.61% in value, and cross-chain bridges have lost roughly 20.3% during the last 30 days. Value Locked in Cross Chain Bridge…
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Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

  DEI, a hybrid algorithmic stablecoin of decentralized finance (DeFi) protocol DEUS Finance, has failed to restore its intended peg, currently trading under one dollar for the third day. The stablecoin first lost its dollar peg on Sunday after a wave of uncertainty incited by the crash of Terra’s decentralized stablecoin UST led to traders…
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Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on…
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