Curve mulls dropping TUSD as crvUSD backing after SEC charges

The regulator alleged TUSD was 99% backed by a risky offshore fund, raising concerns about using TUSD to back Curve's stablecoin.

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Stables Money onboards Coins.ph's Philippine peso stablecoin

Stables Money already has a chunk of the $35 billion Philippine remittance market and will upgrade service with the new stablecoin.

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Bitstamp drops Tethers euro stablecoin amid new MiCA rules

Bitstamp was one of the first crypto exchanges to list Tethers euro-pegged stablecoin, EURT, in November 2021.

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Tether launches gold-backed, US dollar stablecoin Alloy

The new synthetic dollar is the first step in the rollout of a real-world asset tokenization platform, said Tether.

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SUI Targets $4.00 in Short TermIs a New All-Time High Next?

SUI is currently trading at $3.85, with a 1.66% gain over the past 24 hours. The trading volume, however, dropped by a considerable 17.58% to reach $904.19 million. SUI dropped by 3.27% over the period of a week, indicating reluctance in the markets in light of technological volatilities. SUI’s price, as per analysts DyorNetCrypto, has […]

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The BitVM Liquidity Crunch Issue

An analysis of the recent criticism of BitVM based two way pegs published by Taproot Wizards.

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Stablecoin Activity Soars to $72B as SEC Declares Key Tokens Are Not Securities

The crypto world witnessed a major upswing this week, with stablecoin activity climbing to remarkable heights. According to data from blockchain analytics firm IntoTheBlock, daily active addresses for stablecoins surpassed 300,000, a figure not seen since early 2024. Similarly, on-chain stablecoin transaction volume reached a staggering $72 billion on Thursday, marking the highest level since […]

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Synthetixs sUSD Stablecoin Plummets to $0.68 After Depegging

The popular synthetic USD stablecoin has experienced a significant decline in value recently, causing it to fall to new lows and depeg from its intended value. This instability has raised concerns among investors and users who rely on stablecoins for trading and financial transactions. The synthetic USD stablecoin was designed to maintain a 1:1 peg [...]

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$sUSD Depegging Crisis Deepens: Whats Behind the Ongoing Slide?

The decentralized stablecoin $sUSD, issued by Synthetix, is experiencing a rapidly growing depegging crisis. After a concerning drop, the token is now at $0.8030, a full 5% down in the last 24 hours. This steady slide has resulted in us saying that the stablecoin is fast reaching a market cap of $25.46 million, which in [...]

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Synthetix USD stablecoin plummets to 5-year low of $0.83, breaking dollar peg

As the Synthetix stablecoin peg dropped to 83 cents, concerns arose among investors in the cryptocurrency market. This sudden depegging of the stablecoin has raised uncertainties about its ability to maintain a consistent value against the US dollar. The Synthetix stablecoin, which is designed to mirror the value of the US dollar, has experienced a [...]

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Dogma Kills Brain Cells

All cultures require some overarching belief to hold it together as a cohesive identity. But when that belief is followed too blindly it leads to stagnation and dissent. From "The Inscription Issue".

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Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins [...]

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Bitso Set to Launch Mexican Peso-Pegged Stablecoin on Arbitrum

Bitso, a popular Mexican cryptocurrency exchange, is set to introduce a new stablecoin that is pegged to the Mexican Peso. This move comes as part of Bitso’s expansion into the world of decentralized finance (DeFi) and the growing demand for stablecoins in the crypto market. The new stablecoin will be launched on Arbitrum, a Layer [...]

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Italy’s central bank calls for framework to prevent stablecoin runs

Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers [...]

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MakerDAO Maintains Trust In USDC Despite Depeg Debacle

MakerDAO, the governance community of the popular DeFi lending platform Maker, has decided to keep using USD coin (USDC) as the primary reserve asset for the DAI stablecoin.  Although USDC experienced a temporary depeg earlier this month, an overwhelming majority of the MakerDAO have chosen to retain their faith in the world’s second-largest stablecoin, dismissing [...]

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Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins Tumble: $3 Billion Evaporates in Less Than 40 Days Statistics reveal a significant [...]

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Terra interim CEO says any ‘little progress’ made gets derailed by accusations

Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations against Do Kwon, according to Terra’s new interim CEO Chris Amani. During a July 20 Twitter Spaces, titled A Terra Community Talk, Amani joined several Terra employees to discuss the challenges [...]

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Terraform Labs Appoints New CEO While Co-Founder Remains in Jail

Terraform Labs appointed a new chief executive officer following Do Kwon’s resignation on March 31, 2023. In a Wall Street Journal interview, the interim CEO, Chris Amani, discussed his team’s “vision” for rescuing the beleaguered blockchain project. Terraform Labs Finds New Leadership, Attorneys Seek to Dismiss SEC Case Following Ripple Decision Chris Amani, Terraform Labs’ [...]

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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.

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Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions

From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span of 140 days. Stablecoins Experience a Significant Shift As per the latest data, the stablecoin economy has [...]

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