2023-6-28 21:44 |
The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.
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Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.
2023-6-23 19:37 | |
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While Raft is centered around its R stablecoin backed by Lido’s stETH, the team has had ongoing conversations about introducing RAFT, an additional token intended to empower community members and help decentralize the protocol
2023-6-22 23:07 | |
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MakerDAO, the organization behind the DAI stablecoin, has purchased $700 million worth of U. S. Treasury bonds, bringing the DAO’s total Treasury bond holdings to $1. 2 billion. The MakerDAO community had already held the preliminary vote to increase its U.
2023-6-21 22:19 | |
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Visa’s Head of Crypto announced this on Monday. The company is hiring software engineers to help develop the next generation products in blockchain and stablecoin payments. Visa had reportedly paused its crypto-related projects amid the regulatory uncertainty in the US.
2023-4-25 22:30 | |
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DAI stablecoin holders are adding to positions as crypto prices range. Addresses with 100k-10 million DAI added 6. 4% of supply in the past six weeks. The overall holdings for this cohort had dropped significantly as Bitcoin and Ethereum prices pumped in mid-March, Santiment data shows.
2023-4-24 14:52 | |
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On March 31, Binance. US, a US-based subsidiary, announced that it had temporarily suspended trading for stablecoin pairs involving Binance USD (BUSD) through One Common Billing System (OCBS). The suspension was due to an ongoing investigation by the Commodity Futures Commission (CFTC) into potential violations committed by the exchange.
2023-4-1 21:18 | |
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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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Circle, the issuer of USDC, announced that they had cleared all the backlog of minting and redemption. The stablecoin got depegged over the weekend. The post USDC Survives Silicon Valley Bank Collapse and Clears Backlog appeared first on BeInCrypto.
2023-3-17 18:01 | |
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TRON had 50% more circulating stablecoins than Ethereum TRX's Open Interest formed a bearish divergence which could lead to a pullback Amidst all the chaos in the crypto-markets following thThe post Tron [TRX] finds impetus thanks to stablecoin transfers in this way appeared first on AMBCrypto.
2023-3-15 21:30 | |
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Circle’s USDC stablecoin had nearly $3 billion in net redemptions since Friday, while the total supply of DAI increased by 1.2 billion tokens over the same time period.
2023-3-14 22:12 | |
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USDC has been hit with a bearish wave following news of the collapse of Silicon Valley Bank on March 11. The stablecoin issuer Circle had revealed that it had $3. 3 billion in deposits with the defunct bank, contributing to uncertainty regarding USDC.
2023-3-13 14:39 | |
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After reports made rounds that Binance had adopted a trading pair with USDT, the price of the Terra Classic USD stablecoin, commonly known as USTC, went up by 12%.
2023-3-10 21:32 | |
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Binance denied on February 27 that its alleged decision to transfer $1. 8 billion of stablecoin collateral to hedge funds had any impact on user holdings. The post Binance denies users were affected by alleged $1.
2023-2-28 01:05 | |
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TrueFi (TRU/USD) has surged by more than 200% since yesterday after Binance announced that it had minted 50 million True USD (TUSD/USD) stablecoins. The move comes days after the US SEC started a regulatory crackdown on Binance USD (BUSD/USD), Binance’s native stablecoin.
2023-2-19 16:37 | |
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The rally appears to come from traders mistakenly connecting TRU with TUSD, a stablecoin that had been issued by TrueFi in the past but now no longer is.
2023-2-17 21:03 | |
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Binance Coin price fell amid news around Paxos and its stablecoin BUSD BNB traded to lows of $284, extending intraday declines from highs of $321 as uncertainty engulfed the stablecoin. Paxos, which issues and handles BUSD redemptions, announced it had halted its relationship with Binance.
2023-2-14 21:49 | |
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Towards the back end of 2022 and into the New Year, a viral meme joke was going around CT (Crypto Twitter). It claimed that Bitcoin was now a stablecoin, pegged to the value of $16,800 USD. The basis of the joke was, of course, that BTC had seen little price action over the Holiday period, […] The post <strong>Alt Season or Crypto Winter? Should BTC Be Your No.
2023-1-31 18:47 | |
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Circle had grand plans to go public with an IPO worth an estimated $9 billion. However, the company claims the U.S. financial regulator scuppered those plans. The post Stablecoin Issuer Circle Blames SEC for Quashing Plans to Go Public appeared first on BeInCrypto.
2023-1-26 08:41 | |
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Stablecoin adoption continues to go up in 2022 to top $7 trillion, notwithstanding the bearish conditions in the crypto market. Stablecoins dominate settlements According to CoinMetrics, the stablecoin settlement had risen by 15% to hit $7 trillion in 2022 compared…
2022-12-24 18:34 | |
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In 2019, Tether (USDT) had a global stablecoin dominance of 89%, but it has since fallen to just under 50%, according to on-chain data provided by Glassnode — analyzed by CryptoSlate. The post Analysis of on-chain stablecoin data reveals decline in USDT dominance appeared first on CryptoSlate.
2022-12-18 04:15 | |
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UPD: Binance resumed withdrawals of the USDC on Dec. 13, according to the company’s Twitter. On Dec. 13, Binance announced that it had temporarily paused withdrawals of USDC, a dollar-pegged stablecoin, due to a token swap. The company stressed that…
2022-12-14 21:19 | |
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Key Takeaways Coinbase has encouraged customers to dump Tether for USD Coin by waiving fees Binance had delisted USDC pairs last September to push its own stablecoin, BUSD The war between the centralised stablecoins deepens DAI holds the torch for decentralisation but faces uphill battle for relevancy as model seems unscalable The stablecoin war is […] The post Coinbase tell customers to dump Tether, stablecoin war heats up appeared first on CoinJournal.
2022-12-9 16:43 | |
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Circle, the company that issues the USD Coin (USDC) stablecoin, has terminated its plans to go public via a special purpose acquisition deal with Concord Acquisition Corp (NYSE:CND). The stablecoin issuer said in an announcement on Monday that the Board of Directors of both Circle and Concord had approved the cancellation.
2022-12-6 18:24 | |
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The firm had announced plans to go public in July of 2021.
2022-12-6 16:11 | |
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Ardana, a decentralized ecosystem that had been working on a Cardano stablecoin, has halted development because of funding and project timeline uncertainty. The post Cardano Stablecoin Ecosystem Ardana Suddenly Halts Development appeared first on BeInCrypto.
2022-11-24 10:29 | |
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The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
2022-11-17 00:45 | |
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USDD, Tron’s decentralized, overcollateralized stablecoin had an impressive third quarter after witnessing a chaotic Q2. Some good news Messari, a leading crypto-analytics platform, recently tThe post How far behind is USDD in the stablecoin race? Data suggests… appeared first on AMBCrypto.
2022-11-4 11:30 | |
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Synthetix [SNX] managed to pull off a solid uptick by more than 10% as of 17 October. This performance meant that it had outperformed many of the top cryptocurrencies during the same period. But canThe post The latest SNX hype may have a stablecoin connection waiting to be explored appeared first on AMBCrypto.
2022-10-18 14:30 | |
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Aptos Labs, the creators of the failed Diem stablecoin project that Meta Platforms Inc (NASDAQ: META) had attempted to launch sometime back, on Monday successfully launched their blockchain mainnet called Aptos Autumn.
2022-10-18 14:02 | |
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In a tweet on October 13, stablecoin issuers Tether announced that it had reduced its commercial paper holdings to zero to ensure secure and liquid reserves for Tether USD (USDT). “Tether is proud to announce that we have eliminated commercial paper from our reserves,” said Tether in its tweets.
2022-10-16 23:42 | |
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The firm had said it plans to bring its commercial paper holdings to zero by the end of the year.
2022-10-4 13:37 | |
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Robinhood hasn’t been shy about it’s desire to be a player in crypto. The platform has had a few years of ups and downs as it’s navigated it’s crypto offerings. This week, however, the platform secured a win on the crypto front by listing it’s first stablecoin, USDC.
2022-9-21 03:48 | |
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President Vladimir Putin had signed a law banning digital payments earlier this summer.
2022-9-7 19:22 | |
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Regular price swings in the cryptocurrency market have had a significant impact on USD Coin (USDC), a stablecoin developed by Circle. In fact, its whale addresses seemed to be flashing similar signalsThe post Here's the whale of it all for USDC holdings appeared first on AMBCrypto.
2022-8-24 00:30 | |
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Tether’s total assets as of the end of the last quarter stood around $66. 4 billion, the USDT issuer said in its latest quarterly assurance report. The stablecoin issuer, whose USDT token is the largest and most widely used in the world, said accounting firm BDO Italia had completed this assurance opinion.
2022-8-19 20:09 | |
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Solana [SOL] algorithmic stablecoin, Nirvana was recently the subject of a $3.5 million exploitation. On Thursday (28 July), it announced via its official Twitter page that it had lost some of its resThe post Why Solana [SOL] hiked at the back of Nirvana flash loan exploit appeared first on AMBCrypto.
2022-7-30 23:30 | |
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Congress may rebuff U.S. regulators who wanted stablecoins to be the exclusive territory of banks, according to a lawmaker familiar with a legislative effort now in motion. Democrats on the House Financial Services Committee have been working on requirements that may not be as restrictive as the Treasury Department and financial regulators had asked.
2022-7-18 16:38 | |
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Tron (TRX) has been decreasing since the end of May, but further accelerated its rate of descent last week. It is possible that the decrease is occurring as a result of the de-pegging of USDD, which had been announced as an overcollateralized stablecoin.
2022-6-15 21:45 | |
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TRON celebrated a record month of May, achieving multiple massive milestones in a few short weeks. Including USDD, the collateralized decentralized stablecoin on TRON. USDD made it onto CoinMarketCap’s top 100 only 16 days after its May 5 launch.
2022-6-4 23:00 | |
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One of these employees supposedly disclosed that the team had concerns about the design of the TerraUSD (UST) stablecoin from the word go.
2022-5-31 22:46 | |
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The uncertainty around stablecoins had begun with the UST crash and inevitably spilled unto others such as USDT. This uncertainty has continued to linger weeks after the crash leading to investors moving out of stablecoins.
2022-5-25 20:00 | |
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In April, the UK had revealed plans to become a crypto hub and legalize stablecoin payments. Following last week’s events, many had thought that Her Majesty’s Treasury would put these plans on hold, but it appears the regulators are moving ahead with their plans.
2022-5-22 00:06 | |
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The crypto market has experienced many bloodbaths in the past. But last week’s crash had more catastrophic effects on the market than recent bearish trends, mainly on the stablecoins. UST, a stablecoin issued by Terraform Labs, is an example that stunned the crypto world as the coin collapsed and dropped its value from $1 to $0.
2022-5-18 15:00 | |
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Scream, a decentralized lending protocol on the Fantom network, incurred a $35 million debt after failing to adjust the prices of two stablecoins that lost their peg on its platform. The DeFi protocol had hardcoded the value of these affected stablecoins, Fantom USD (fUSD) and DEI, to $1, meaning their decline did not reflect on […] The post Scream protocol losses millions to stablecoin depeg appeared first on CryptoSlate.
2022-5-17 22:30 | |
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Terra’s commitment to filling up its coffers with Bitcoin has been solidified once more with another $1. 5 billion purchase. This is the fruit of a pledge that the project had made to buy more than $10 billion worth of BTC to serve as a reserve for its stablecoin, UST.
2022-5-7 02:00 | |
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Tron Network is attracting more users as it prepares to release its Algorithmic stablecoin. Tron (TRX) price shot up by over 10% after an announcement that the Tron network had reached 90 million opened accounts.
2022-5-3 17:09 | |
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The DeFi chain, Terra, had a good run these last two days, with its stablecoin UST flipping BUSD to gain the position of the third biggest stablecoin. It also achieved the milestone of becoming the fiThe post Terra [LUNA] has had a good run this week but will it continue appeared first on AMBCrypto.
2022-4-21 09:30 | |
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2022-4-12 18:08 | |
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USDN's market capitalization had nearly doubled to $850 million in March.
2022-4-4 15:22 | |
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New Zealand-based crypto exchange Dasset has gone into liquidation, denying customers access to their funds. Crypto custodian Prime Trust has also filed for bankruptcy. The post New Zealand-based Crypto Exchange Goes Bust Leaving Customers Stranded appeared first on BeInCrypto.
The Nevada Financial Institutions Division has recently lodged a petition for receivership for Prime Trust citing operational instability and insolvency.
Prime Trust is facing financial troubles and a shortage of customer funds, leading to a cease-and-desist order from the Nevada FID
BitGo, a leader in digital asset trust and security, has announced that it has terminated its acquisition of Prime Trust, a technology-driven financial institution that provides custody and escrow services for the digital asset industry.
Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.
Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust.