StableCoins

USDD, Tron network’s algorithmic decentralized crypto asset, is the latest stablecoin that has slipped off the $1 peg. It fell slightly below $0.97 on Monday, seeing its lowest since June 22. This violated DAO’s 3% price fluctuation…
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Tether, the issuer of the world’s largest stablecoin USDT, has vowed to stop the practice of lending out funds from its reserves. It has taken it upon itself to restore faith in the crypto market. The company’s secured loan, as per a…
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As crypto exchange Binance witnessed the largest stablecoin outflows totaling $2.159 billion in 24 hours, CEO Changpeng Zhao (CZ) warned his staff of turbulent times. He expects the next several months to be bumpy. But CZ reassured his…
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The largest stablecoin issuer in the world, Tether, has taken precautions to ensure that there are no risks related to USDT on the Solana network. The unsuccessful FTX exchange wouldn't have any negative effects on the USDT that Alameda had…
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In terms of institutional acceptance, USD Coin (USDC), a stablecoin released by the American company Circle Financials Ltd, is overtaking Tether (USDT), its main opponent. The market value of USDC coins now in use is approximately $44…
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A leading decentralized finance and stablecoin ecosystem, Ardana, that was being built on Cardano have been abruptly stopped because of funding and timeline constraints. It will remain open-source for builders, but treasury balances and…
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Tron’s over-collateralized, decentralized stablecoin USDD has been doing remarkably well. USDD is unique as its being guided by the first real crypto reserve for the blockchain industry – Tron DAO Reserve (TDR) – with real-time disclosure…
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After Texas state agencies objected to Celsius Network’s plans to sell off its stablecoin holdings to fund ongoing its ongoing operations, some creditors are now telling the bankrupted firm to back off their stablecoins. The creditors are…
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Silvergate Capital has halted its stablecoin plans because of a disappointing earnings report and plunging stock. It recorded quarterly earnings of $1.28 per share for Q3 2022, missing estimates of $1.45. Whilst Silvergate Bank’s digital…
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Patrick McHenry, the top House Financial Services Committee Republican, claims the Biden administration is holding up the stablecoin bill. He believes the bill can still pass Congress. But it’s up to the administration to come to the…
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