Tag: stablecoin

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Aave Freezes Stablecoin Trading Amid Price Volatility

Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in...

Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data

Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend,...

Is Circle’s USDC Stablecoin Crisis a Blessing in Disguise for Bitcoin?

Alex Dovbnya The recent crisis surrounding Circle's USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve...

USDC Hits All-Time Low As Investors Pull Out Funds From The Stablecoin

USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer...

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident – Bitcoin News

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip...

$6,300,000,000 Erased From USDC Market Cap As Top Stablecoin Depegs From US Dollar

USD Coin (USDC) is struggling to maintain its peg to the US dollar after revelations that some of the cash backing the top...

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity – Bitcoin News

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin...

DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto

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

Crypto was born in the aftermath of – and, to some, in response to – the 2008 crisis. Satoshi Nakamoto's Bitcoin paper debuted...

Voyager Continues Liquidating Crypto Assets for Circle’s USDC Stablecoin

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Tether shines as leading stablecoin in evolving market

Ad Following the FTX disaster in November, the stablecoin market has significantly changed, losing $12 billion in value.More recently, the issue was compounded...

Recent Regulatory Pressure on Paxos, The Issuer of BUSD Stablecoin, Sends Cryptocurrency Investors in Search of Decentralized Stablecoin Alternatives

The New York regulator has recently ordered Paxos to stop issuing Binance’s BUSD stablecoins as regulators start to crack down on stablecoin projects...