Stablecoin
Crypto Addresses Depositing Stablecoins Soars to Record Levels
Stablecoin deposits reach All-Times-Highs despite CPI volatility. FED chairman Jerome Powell mentions another interest rate hike of 50 bps. LTH SOPR rose, allowing long-term BTC…
Whale Addresses Have Bought $726 Million in BTC in the Past 9 Days
The global crypto market cap has fallen 1.08% over the last 24 hours. Recent data from Santiment suggests that it is the perfect time to…
CoinGecko Lists the Top 5 Stablecoins by Market Capitalization
CoinGecko categorizes stablecoins according to their market capitalization. Tether (USDT) stands at the top in terms of market capitalization. Other stablecoins in the top five…
Australian Regulators Moving Forward With Stablecoin Development
A report on Stablecoins examining their most recent advancements were made public on the RBA’s website.The authors used the demise of Terra as an example…
Economist Schiff Predicts Stablecoin Value Will Exceed BTC Value
Economist Schiff expects the value of two stablecoins to surpass the total token market cap.14% represented by the two largest stablecoins on the total market…
Outflows Of StableCoins On Exchanges Has Been On The Rise
Santiment indicates that stablecoins have increased withdrawals from exchanges.The FTX drama played a big role in these withdrawals.This high number of withdrawals have a negative…
Crypto Community Says USDD is Unsafe, Exhibits Evidence
Crypto community thinks USDD is unsafe, given some unusual activities.A crypto enthusiast alleged that $548 million in the USDD’s reserve disappeared.The stablecoin trades at $0.9863…
Singapore Proposes Measures To Reduce Risk of Crypto Trading
MAS proposed measures to reduce risks to consumers from crypto trading.The regulators also focus on enhancing stablecoin-related activities.The proposed measure will focus on consumer access,…
Binance USDC-BUSD Conversion Begins ‘Second Great Stablecoin War’
FTX’s Bankman-Fried said Binance’s auto conversion of USDC to BUSD sparks a stablecoin war.In 2018, stablecoins battled for dominance, with USDC and USDT edging out…
Silvergate Reports a Fall After Its Delayed Stable Coin Project
Silvergate's shares dropped by over 20% due to missed earnings and delays in stablecoin projects.Digital asset customers grew, but their average deposits fell, according to…
