Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

View Details

Paxos acquires Membrane Finance for EU stablecoin expansion

Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.

View Details

Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume

In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its supply over the preceding 30 days. Unstable Times for Stablecoins: Major Players Hit with Sweeping [...]

The post Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume appeared first on Crypto Breaking News.

View Details