2023-8-10 16:19 |
Analyst explains how PayPal's stablecoin may harm Ethereum in long run
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Earlier this week, popular American payment giant Paypal unveiled the launch of its USD-pegged PYUSD stablecoins to investors. In response, Democrat congresswoman Maxine Waters has raised palpable concerns that may or may not threaten the stablecoin’s operations.
2023-8-10 15:00 | |
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In a new development, a trader who placed a substantial $10 million bet against LUNA in May 2022 before the then native currency and UST—the algorithmic stablecoin, collapsed is now setting his sight on Reddit Moons.
2023-8-9 08:00 | |
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Tether, the company behind the USDT stablecoin, may now be the 11th largest bitcoin holder in the world. This comes after the stablecoin issuer recently published its attestation report for Q2 2023.
2023-8-6 20:05 | |
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On-chain data shows a pattern in the stablecoin shark and whale holdings that may suggest the Bitcoin rally could make a return in the near future. Stablecoin Sharks & Whales Have Been Accumulating Recently According to data from the on-chain analytics firm Santiment, the sharks and whales of the major stablecoins have been increasing their reserves while Bitcoin has been struggling recently.
2023-8-1 16:40 | |
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An exploit of stablecoin exchange Curve Sunday could jeopardize more than $100 million in cryptocurrency. PLUS: What's behind Russia's mining boom?
2023-7-31 04:29 | |
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USDC tokens in circulation hav plunged 37% since SVB fiasco in March. Transaction volume was yet to show any substantial indications of recovery. As ironic as it may sound, the journey of stThe post USDC: Turbulent journey of the stablecoin continues with recovery at bay appeared first on AMBCrypto.
2023-7-30 15:30 | |
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Bitcoin has continued to stagnate recently as another recovery move has failed to prosper. So here’s an indicator that may hint when a break could happen. Bitcoin Rally May Not Resume Until The Stablecoin Market Cap Goes Up Around the start of this week, Bitcoin observed a sharp plunge that had taken the asset’s price from the $30,000 level down to the $29,000 mark.
2023-7-28 18:00 | |
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The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the dolphins and sharks of the top stablecoins like Tether (USDT) and USD Coin (USDC) may be relevant for the price of Bitcoin.
2023-7-25 16:30 | |
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On-chain data shows the stablecoin exchange deposits have remained low recently. Here’s what this may mean for Bitcoin. Stablecoin Exchange Deposits Stay Low, While Withdrawals Jump As pointed out by an analyst in a CryptoQuant post, the fact that the stablecoin exchange withdrawals have spiked while deposits have stayed low may be slightly alarming for BTC.
2023-7-18 17:30 | |
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USDP whales have currently doubled their holdings. USDP witnessed more negative flows in recent weeks as accumulation continued. While Paxos Dollar (USDP) may not currently rank among the toThe post USDP: Renewed interest from investors offer a welcome change to the stablecoin appeared first on AMBCrypto.
2023-7-17 22:30 | |
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ZkSync Era stablecoin liquidity experiences major outflow for the first time in two months. A look at why the ZkSync snapshot may have had an impact on stablecoin liquidity. ZkSync Era reporThe post ZkSync Era stablecoin liquidity dips slightly: Why is this a big deal? appeared first on AMBCrypto.
2023-7-13 01:30 | |
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China may have banned the use of cryptocurrencies, but stablecoins might have a role to play in the proliferation of its national currency.
2023-7-11 14:56 | |
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Data shows the stablecoin market cap has returned toward equilibrium and may be gearing up for a reversal. Here’s how Bitcoin could benefit from this. Aggregate Stablecoin Market Cap Change Has Returned To Equilibrium According to data from the on-chain analytics firm Glassnode, the aggregate stablecoin market cap had previously been in a decline for around 14 months.
2023-6-30 15:00 | |
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One of the most prominent trends in the digital asset space over the last year has been an evaporation of liquidity. On the one hand, price charts may suggest that the picture for crypto is far rosier today than it was in November, when Bitcoin hit $15,500 in the aftermath of the FTX collapse.
2023-6-29 12:07 | |
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Mitsubishi UFJ Financial Group Inc. is currently in negotiations with several businesses about issuing stablecoins, a form of digital asset, through its blockchain platform Progmat.
2023-6-23 19:13 | |
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The figures represent the fifteenth consecutive month of decline in the stablecoin market. USDT saw its trading volume decline by 29. 9% to $293 billion in May — the lowest since January 2020.
2023-6-22 15:30 | |
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The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin.
2023-6-13 07:30 | |
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In recent months, a number of “black swan” incidents have shaken the cryptocurrency space, resulting in the loss of billions of dollars in investor assets. The top 4 most recent events are listed below: TerraUSD’s Demise The TerraUSD (UST) stablecoin crashed in May 2022, wiping out investor cash worth billions of dollars. Due to the […]
2023-6-9 10:20 | |
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ALSO: Stablecoin balances may provide additional insight into price direction.
2023-6-8 03:22 | |
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Tether has surpassed its previous all-time market cap high of $83. 2B set in May 2022. Tether’s fortunes are pegged on the performance of its first stablecoin, the USDT which is currently the most used stablecoin around the world.
2023-6-2 19:24 | |
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The exchange communicates details about new TUSD pairs. The stablecoin’s exchange supply flatlined despite the increasing volume. In a 30 May official statement, Binance disclosed that TruThe post TUSD’s volume might go over the roof, thanks to Binance appeared first on AMBCrypto.
2023-5-31 04:30 | |
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Tether (USDT) is the largest stablecoin in the market, with a market capitalization of over $86 billion as of May 2023. Despite the concerns about the current state of the cryptocurrency market, Tether has continued to dominate the stablecoin space, with its supply growing significantly since the beginning of 2023.
2023-5-30 23:30 | |
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DAI struggled to compete with USDC and USDT despite being the largest stablecoin backed by a DAO. MakerDAO faces declining revenue and negative sentiment. According to 28 May's data from TokThe post How DAI seeks growth amidst rising stablecoin competition appeared first on AMBCrypto.
2023-5-29 16:30 | |
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A total of 24,677 BRC-20 tokens minted with a market cap of $447 million. The total number of Ordinals inscriptions broke past 9 million at the time of writing. May of 2023 proved to be a reThe post Bitcoin to launch its first USD-pegged stablecoin, details here appeared first on AMBCrypto.
2023-5-26 12:30 | |
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Circle CEO Jeremy Allaire said May 25 that artificial intelligence (AI) bots are engaging with his company’s USDC stablecoin. AI and blockchain are a match Allaire wrote on Twitter: “[Artificial intelligence] and Blockchains are made for each other… We are already hearing about AI Bots spinning up on-chain wallets and using USDC.
2023-5-26 01:19 | |
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Stablecoin-as-a-Service (SCaaS) provider Stably has unveiled Stably USD (#USD), the first stablecoin operating on the Bitcoin network, according to a May 25 press release. The move introduces #USD as a native BRC20 token to the Bitcoin blockchain.
2023-5-25 20:37 | |
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Renton, United States, May 25th, 2023, Chainwire Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD.
2023-5-26 16:09 | |
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Renton, United States, May 25th, 2023, Chainwire Stably, a leading Stablecoin-as-a-Service (SCaaS) and fiat on/off-ramp infrastructure provider for Web3 projects, is aiming to revolutionize the nascent Bitcoin ordinals market by launching its US Dollar (USD)-backed stablecoin, Stably USD, as a natively-issued BRC20 token under the symbol #USD.
2023-5-25 16:03 | |
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Digital payments platform Strike has integrated dollar-pegged stablecoin Tether’s USDT into its platform. According to a May 22 press statement shared with CryptoSlate, the integration aims to enable fast, safe, and efficient payments for Strike users and further increase the use and adoption of USDT.
2023-5-23 19:05 | |
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The TRON DAO team on May 15 revealed the results for the HackaTRON Season 4. The top project will share 500,000 USDD, a TRON-based stablecoin. TRON’s price has risen by 10. 64% over the last seven days.
2023-5-23 14:03 | |
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Singapore-based trading platform, XT.COM, has revealed via an official announcement the listing of Ougon Zakura FT (OZFT), a gold-pegged stablecoin, in its Main zone. The OZFT/USDT trading pair was made available for trading on May 16, 2023, opening up new opportunities for users seeking a blend of stability and convenience. Following the listing of Ougon […]
2023-5-19 01:04 | |
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The Digital Assets Financial Technology Inclusion Committee held a hearing on May 18 to discuss stablecoin policy. In opening the meeting, Congressman French Hill said it is the committee’s aim to put through legislation supporting stablecoins as a recognized payment method.
2023-5-19 00:52 | |
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Quick Take USDT and USDC started roughly simultaneously, back in 2018, and grew in tandem with one another as the crypto market also grew, all the way through to 2022. In May 2022, USDC took a tumble to roughly $50 billion in circulating supply – total amount of all coins ever created/issued – while USDT […] The post Does the divergence between USDT and USDC signify a winner in the stablecoin wars? appeared first on CryptoSlate.
2023-5-18 19:47 | |
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Stablecoin issuer Tether (USDT) said it would use 15% of its net realized operating profits to purchase Bitcoin (BTC). In a May 17 company statement, the stablecoin issuer said it would self-custody the purchased BTC — adding that its purchase “will focus exclusively on utilizing realized profits from its investment strategy, disregarding unrealized capital gains […] The post Tether USDT to strengthen reserves with Bitcoin purchase appeared first on CryptoSlate.
2023-5-17 16:05 | |
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Terraform Labs co-founder Shin Hyun-seung and seven other associates are set to face trial on May 26 over fraud charges related to the collapse of the Terra-Luna stablecoin and crypto project in May 2022.
2023-5-11 13:54 | |
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New York lawmaker Latrice Walker proposed a new bill that supports using fiat-collateralized stablecoins as an acceptable method for bail bond payments. Introduced on May 10, the New York Assembly Bill 7024 noted that the existing methods of paying bail bonds included cash, insurance bonds, and credit cards.
2023-5-11 11:45 | |
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Circle CEO Jeremy Allaire said in a statement to Politico on May 10 that his stablecoin firm no longer holds long-term U. S. Treasuries. Specifically, Circle does not hold Treasuries that mature later than June 2023.
2023-5-11 01:37 | |
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On May 3, an unidentified address burned 405m TUSD, equating to 16.2% of the stablecoin's $2.51b reserves, on Tron (TRX)
2023-5-5 20:46 | |
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Republicans on the House Financial Services Committee are taking another swing at stablecoin legislation with a discussion draft revealed Monday afternoon, which may mark a new starting point for negotiations with Democrats.
2023-4-25 23:00 | |
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A major stablecoin depegging event raised concerns about the stability of these assets amid a U.S. banking crisis. The result may have been an improvement in their position in traditional finance.
2023-4-2 16:13 | |
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The AVAX bullish sentiment has decreased after an impressive all-round performance in March. The Avalanche blockchain experienced a great deal of NFT volume and stablecoin supply. Having domThe post Avalanche may have had a solid Q1, but what promise does April hold appeared first on AMBCrypto.
2023-3-31 05:30 | |
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Rival stablecoin tether (USDT) has grown to its most dominant since May 2021, now representing 60% of all stablecoins in circulation.
2023-3-30 00:44 | |
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Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.
2023-3-23 02:02 | |
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The United States Justice Department is delving into the mysterious collapse of TerraClassicUSD (USTC) stablecoin, which wreaked havoc on the Terra ecosystem, resulting in a staggering $40 billion wipeout last May.
2023-3-14 13:28 | |
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The recent crisis surrounding Circle's USD Coin (USDC) stablecoin may have inadvertently boosted Bitcoin, as people are turning to it to achieve a synthetic USD due to the collapse of USDC
2023-3-13 16:51 | |
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Changpeng Zhao, also known as “CZ,” says that the industry may start to use stablecoins pegged to the euro, yen, or Singapore dollar, following recent actions against the U.S. dollar-pegged stablecoin BUSD.
2023-2-15 00:45 | |
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DJED stablecoin can trim ADA supply, thus pushing price growth
2023-2-6 14:02 | |
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Original UST stablecoin lost its peg to dollar in May 2022
2023-2-4 19:20 | |
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The crypto market might be getting into another bear market if stablecoins circulating supply does not go higher, a CryptoQuant report states. The crypto market currently has a market cap of $1.05T, a 0.99% increase over the past 24 hours.…
2023-2-1 13:06 | |
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