Digital currency markets have continued to slide downward in value as the crypto economy has dropped by 14% during the past 24 hours. Amid the
Tag: Stablecoin
Luna Foundation to Lend $1.5 Billion in Bitcoin and UST to Market Makers — Plan Aims to Protect Stablecoin’s $1 Parity
As crypto markets continue to slide in value, concerns about the algorithmic stablecoin terrausd (UST) losing its $1 parity have swelled in recent times. Two
Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps
At the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion
Tether’s Market Cap Nears $80B, USDT Represents 46% of the Stablecoin Economy
This week the stablecoin giant tether reached a market capitalization of roughly $78.2 billion according to data. Over the last 30 days, tether’s market valuation
UST Gets Listed on Binance and Huobi, Propelling Terra to $100
UST, the main stablecoin of the Terra project, is being integrated into Binance and Huobi, two leading exchanges by trading volume, expanding the options that
Valuation of Stablecoin DAI Market Swells — DAI Market Cap Increased More Than 800% in 12 Months
Recently krakow3d.com News covered the stablecoin tether and how the crypto asset’s market valuation jumped more than 1,500% in just over 500 days. In addition
Bank of America, Coinbase, FTX Invest in Paxos Series D Funding Round
Paxos, a blockchain services and tokenization firm has added Coinbase Ventures, FTX, Bank of America, and Founders Fund as backers in its Series D funding
Paxos Standard Presents Assets Backing Its Stablecoins
Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the
OCC Grants Crypto Firm Paxos ‘Conditional Approval’ for US Bank Charter
The digital currency and stablecoin issuer Paxos has been granted conditional approval for a bank charter under the Paxos National Trust in New York. The