Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of ...
Thursday, March 30, 2023
Tag: stablecoin
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins ...
Binance’s BUSD Stablecoin Sees $500M Outflows After CFTC Lawsuit
BUSD, however, has shown signs of resilience despite the turbulence. The token has maintained its peg, seen only slightly ...
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
“Issuer diversification is one of the only immediate risk mitigation strategies MakerDAO can apply quickly in a rapidly deteriorating ...
Tron Founder Justin Sun Eyes $60B Stablecoin Market Cap
Tron’s stablecoin market capitalization has grown by more than 8% in the last seven days, crossing the $40 billion ...
On-Chain Data Reveals How Trading Firms Worked the USDC Stablecoin Repeg
Trading firms were quick to jump on the USDC long trade over the weekend as the stablecoin slumped to ...
The Banking Crisis Has Been Good for Stablecoin Experimentation
If you balk at the idea of a crypto-based tool like stablecoins essentially functioning like a “proxy” central bank ...
KuCoin Has Closed a $10M Funding Round Into CNHC, but Is the Offshore Yuan Right for a Stablecoin?
“This investment in CNHC is part of KuCoin Ventures' broader strategy of investing in the Web3 infrastructure in the ...
Over Two Billion USDC Stablecoin Burnt in Single Day, Data Shows
The dollar-pegged stablecoin has failed to win back investors following last week’s depegging. Circle Internet Financial's USDC stablecoin massively ...
Circle USDC Rebounds From De-Pegging, but Stablecoin Observers See an Uncertain Future
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