Coinbase-Backed Stablecoin from Circle, USD Coin, Issues Over $125 Million in Investments

2018-10-30 19:45

The stablecoin backed by many companies such as Circle Internet Financial Ltd, Coinbase, Goldman Sachs and more gives the impression to be the most preferred digital asset amongst numerous stablecoins that are pegged with USD.

Close to $127.4 million USD Coins have been circulated following its September debut, according to Etherscan. The crypto data tracker also shows that Paxos Standard issued $108 million while high profile Gemini Dollar barely managed to get $13 million. Notably, the other two stablecoins were also issued in the same month as USD Coins.

The bearish crypto markets have diverted the public’s attention to stablecoins, with over 50 being put out up till now. It is easier for a novice crypto investor to trust a stablecoin over any other crypto as it is pegged in USD as they wait for a bull run in crypto markets.

The advantage USD Coin has over other stablecoins is that it is not tied to only one company. Just being associated with one entity leaves the coin very vulnerable to collapse. Take Tether for an example. It was tied to Noble bank which failed taking Tether down with it. It has now been constantly deviating from the obvious $1 mark. Although even though Tether’s reputation has gone down, it is important to remember that with a market cap of $1.9 billion it is more than all the stablecoins put together.

Centre, a consortium serves as the safety net preventing USD coin from a single point of failure. This, in turn, makes it one of the most native to the crypto world with an almost negligible association with conventional finance. Given unfavorable circumstances, USD Coin is least likely to fail.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

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CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Цена в час новости $ 1.0068 (-78.62%)

usd million circle stablecoin pegged close 127

Источник: bitcoinexchangeguide.com

usd million → Результатов: 126


Binance Labs Commits 10 Million USD to Helio Protocol to Advance the LSDfi Revolution

Binance Labs, the venture capital and incubation arm of Binance, has committed 10 Million USD to Helio Protocol, a project combining over-collateralized lending of its native decentralized stablecoin, HAY, with staking-as-a-service (StaaS) and LSDfi infrastructure, with approximately combined 300 million USD in TVL, of which 260 million USD is parked under staked assets.

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That “Win 310 Bitcoin (BTC) Challenge” Puzzle Offer is Still Available: You Still Have A Shot, Here’s How

Have you ever heard of the 310 BTC Bitcoin Challenge? In case you are a skilled cryptographer, you will definitely be interested in the challenge. Basically, someone named “Pip” has stashed 310 BTC (about $2 million USD) in a picture and you can find and take it. The code for unlocking the four wallets in […]

2018-10-24 23:23


Binance CEO Appreciates Tron’s Justin Sun for $3 Million Donation to Blockchain Charity Foundation

The recent donation of $3 million dollars made by Tron founder, Justin Sun to support the Blockchain Charity Foundation has attracted a lot of appreciations. Binance CEO Changpeng Zhao,” CZ,” announced this in a tweet to show his appreciation; “Justin proactively approached us and made a very generous donation, $3m USD equivalent.

2018-10-23 13:58


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


United Kingdom’s Ofcom Secures $1 Million to Use Blockchain for Storing Phone Numbers

UK Telecom Regulator Gets Almost $1 Million USD To Store Phone Number On The Blockchain Ofcom, a telecom and broadcasting operator working within the United Kingdom, has recently received the sum of $915 thousand USD as an incentive to explore the blockchain technology as a potential solution to the troubles that the UK is currently […]

2018-10-9 20:26


Фото:

Stackr: The Dawn of a Digital Asset Savings Solution - [BTC Media Sponsor]

Financial savings have long been the foundation of wealth and asset building. However, we are now in a time when the growing obsolescence of financial institutions has forced certain technologies out of date, created high fees, revealed structural inefficiencies and, ultimately, meant that some standard investment solutions now fail to place consumer needs first.

2018-10-6 16:37


Why Bitcoin (BTC)’s Price Is A False Indicator Of Actual Value

Chart for BTC/USD (1W) Bitcoin (BTC) is currently trading just above $6,400. The average cost for mining one Bitcoin (BTC) lies slightly below this level between $5,800 and $6,200. This is the reason the price has managed to stay above those levels for now despite the fact that the volume is so low that a couple of million dollars could swing the price either way.

2018-9-20 17:00


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