Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. [...]

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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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Justin Sun’s Controversial USDD Withdrawal Sends Shockwaves

In the continuously changing landscape of cryptocurrency, monitoring digital transactions has become increasingly essential for investors and interested parties. Recently,

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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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USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. [...]

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USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) [...]

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Exclusive: Is Justin Sun’s Tron the Next FTX? USDD Back Doors Raise Concerns

A DailyCoin exclusive investigation into Tron and USDD uncovers misreported reserves, insolvency concerns, smart contract vulnerabilities, and more.

Continue reading Exclusive: Is Justin Sun’s Tron the Next FTX? USDD Back Doors Raise Concerns at DailyCoin.com.

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Huobi Token (HT) 24-Hours Trading Volume Soars By 30%: Details

The Huobi Token (HT) trading volume has surged dramatically over the last day, by almost 30%, indicating that the token is now on the uptick. Recent news of significant workforce reductions, mandatory stablecoin salary payments, and the shutting down of internal employee communication channels at Huobi has had a negative impact on the performance of the exchange’s […]

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TRON’s USDD Stablecoin Dips Lower Despite Drop In Withdrawals

TRON’s algorithmic stablecoin USDD de-pegging got no respite despite withdrawals from Huobi slowed down on the weekend, Nansen data showed. The crypto exchange was in the limelight following the revelation of cutting down its workforce by 20%. As reported by TronWeekly, Justin Sun, the founder of TRON and a Huobi adviser, finally acknowledged Huobi layoffs […]

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TRON Founder Attempts To Calm Nerves As USDD Drops Below $1

TRON founder Justin Sun has announced infusing more capital as the stablecoin project USDD is spiraling out of control. The tweet also came with a link showing a wallet addressed to him that transferred nearly $1 million worth of TUSD. Sun also asserted that USDD is 200% overly collateralized by numerous popular digital assets. The price of the TRON USDD algorithmic stablecoin has dropped […]

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Justin Sun Mocks Do Kwon as He Declares a 200% Collateralized Ratio for $USDD

Justin Sun claims his $USDD stablecoin is overcollateralized by 200%.

Continue reading Justin Sun Mocks Do Kwon as He Declares a 200% Collateralized Ratio for $USDD at DailyCoin.com.

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BlockFi Suspends Withdrawals Following FTX Crisis

Crypto lender BlockFi announced on Twitter that they have suspended withdrawals and normal business operations due to the lack of clarity around the current status of FTX. (Read More)

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TRON-Powered USDD “Dangerously Close” To De-Pegging

TRON-based algorithmic stablecoin USDD is in a precarious situation of risking its peg amidst this week’s crypto contagion fanning fears of a domino effect. An on-chain platform Lookonchain tweeted USDD started to depeg and was trading at $0.9788 on Nov. 10. It noted that the USDD vs. USDC/USDT/DAI pool was out of balance, with USDD […]

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Huobi (HT) Burns Complete, Price Continues To Soar

Despite the ongoing market sell-off, Huobi (HT), the native currency of Huobi Global, a market-leading Bitcoin (BTC) exchange, is trading in the green following Huobi’s tweet  on the completion of “HUGE $HT burns.” While others in the market, including top ones, are struggling and facing lows, HT has consistently been increasing. It’s grown by 4.3% within the […]

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Tron’s Justin Sun Lends A Helping Hand To Crisis-Struck Credit Suisse

Tron founder Justin Sun has expressed interest to buy shares of embattled investment bank Credit Suisse and bring it to web3. It needs to be mentioned that, Credit Suisse Group AG’s steep decline has sent alarm bells ringing amid rumors that the No. 2 Swiss bank and one of the largest global investment banks are on […]

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Tron's Justin Sun Hopes USDD to Become First Stablecoin in “EthereumPOW ecosystem”

H.E. Justin Sun, Founder of TRON and investor of Poloniex, a global cryptocurrency exchange, hopes that USDD the stablecoin would become the first one in the “EthereumPOW ecosystem” after the completion of the Merge. However, Sun reiterated that he supports the fork with the strongest community consensus and the largest hashrate instead of supporting one specific fork. (Read More)

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TRON DAO Signs Up Wintermute To Mint & Redeem USDD

TRON DAO onboarded one of the largest crypto exchanges Wintermute as its ninth whitelisted member to mint and redeem its algorithmic stablecoin USDD. “We strive to function as the decentralized crypto reserve while consolidating the value of USDD as the true settlement currency. Welcome more institutions on board!”, the announcement read. USDD is an algorithmic stablecoin on Tron, […]

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TRON’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection

TRONs USDD algorithmic stablecoin has been trading under its dollar peg for more than 24 hours. USDD Drops Below Peg Just 40 days after launching, USDD is fighting for its...

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Justin Sun’s Stablecoin USDD is Showing Signs of Depegging

Justin Sun, Tron CEO, explained that the firm is “actively buying crypto” to manage the stablecoin.

The post Justin Sun’s Stablecoin USDD is Showing Signs of Depegging appeared first on BitPinas.

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BTSE Becomes 1st Exchange to Offer Perpetual Futures Trading for Overcollateralized Stablecoin

Crypto exchange BTSE has become the first to offer perpetual futures trading for the world's newest stablecoin- US Decentralized (USDD). (Read More)

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