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Bitcoin News / Bitcoin.com - 3 years ago

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...

Bitcoin News / Bitcoinist - 3 years ago

Tether Claims $1.6 Billion In Excess Reserves To Back Its Stablecoin

The number one stablecoin by market cap has announced it will reach $1.6 billion in excess reserves of Tether (USDT). The firm estimates this figure for the March quarter. Tether Chief Technology officer Paolo Ardoino disclosed that it expects an es...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

Mastercard to settle transactions for stablecoin wallet in APAC

Mastercard has entered a collaboration that would allow retail customers in the APAC region to spend their stablecoins anywhere Mastercard is accepted. Global payment...

Cryptocoins News / Blockchain  - 3 years ago

Moody warns of stablecoin adoption risk

Moody's Investors Service has warned that the recent turmoil in the traditional banking sector and USDC losing its peg could negatively impact stablecoin adoption and increase calls for regulation. The credit rating agency believes that fiat-backed s...

Cryptocoins News / The Cointelegraph ​ - 3 years ago

USDC depeg will hinder stablecoins’ growth, increase regulatory scrutiny — Moody’s

“Financial institutions may reconsider adopting stablecoins to settle agreements involving tokenized securities out of concern over the coins’ potential volatility,” Moody’s said....

Bitcoin News / Bitcoin.com - 3 years ago

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD...

Cryptocoins News / EthereumWorldNews - 3 years ago

Binance Swapped BUSD In $1 Billion SAFU Fund For TUSD And USDT Stablecoins

Summary: Binance moved BUSD assets from its Secure Asset Fund for Users fund into two other stablecoins – TUSD and Tether USDT.The crypto exchange made the swap with crypto trust company Paxos can no longer mint new BUSD tokens due to regul...