Browsing Tag
Stablecoin
22 posts
Circle’s Circulating Stablecoins Hit $52.9B in Latest Weekly Report
The CEO of Circle Jeremy Allaire has announced that the USDC currently in circulation has increased to $52.9…
Fantom Records Double-Digit Gains on Hints Key Developer Could Return
Fantom’s FTM tokens have surged 16.78% in the past day to trade at around $0.42 on speculation that…
USD Coin Gains as Tether Records a Decline of $8.5B
Stablecoin USD Coin has seen its market value jump by $3.4 billion caused by investors withdrawing as much…
Morgan Stanley Links Crypto Crash to Speculations and Lack of User Demand
Morgan Stanley has blamed speculations and the lack of real user demand to the recent crash in cryptocurrencies,…
GAM Holding Pledges $3B to Revive UST Stablecoin
Swiss asset manager GAM Holding AG has announced that it is planning to invest between $2 billion and…
DeFi Platform Anchor Votes to Cut UST Yield for Sustainability
Anchor community, a Terra-based DeFi protocol, has proposed to reduce its yield from 19.5% to 4% to make…
USDT Drops to $0.96 as Negative Sentiment Hits Stablecoins
Stabelcoin Tether dropped to $0.97 during the Asian hours, with the price in Coinbase reaching about $0.96 as…
Anchor Protocol Targets Interest Rates and Deposits to Restore UST Peg
The Anchor Protocol Community has forwarded a proposal to restore TerraUSD peg by lowering the minimum interest rate…
Terra’s LUNA Sinks 85% As Native Stablecoin Loses Peg to the USD
Terra’s LUNA tokens tanked to about $4.51 at 3.40 am ET on Wednesday, an 85% plunge in the…
Luna Foundation Guard Loans Out BTC and UST to Curb Volatility
Luna Foundation Guard has announced that it will loan $750 worth of BTC and a similar amount of…