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USDC’s Market Cap Sheds Close to $4 Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%

USDC’s Market Cap Sheds Close to  Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%19 days ago, usd coin (USDC), the second largest stablecoin by market capitalization, had an overall valuation of around $48.82 billion and since then, it has continued to deflate down to today’s $44.93 billion. Statistics show that during the last three months, USDC’s market valuation has dropped by more than 19%, shedding approximately $10.59 billion. […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD

Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSDThe crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision

Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion DecisionOn September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD

Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSDThe world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The Merge

Coinbase Launches Wrapped Ethereum Liquid Staking Token Ahead of The MergeThe cryptocurrency exchange Coinbase has introduced a new liquid staking ethereum derivative token ahead of Ethereum’s proof-of-stake (PoS) upgrade. The new ERC20 utility token is called coinbase wrapped ethereum, or CBETH, and it will allow people to stake their ether in a non-custodial fashion or trade the tokens on the open market. Coinbase Reveals CBETH […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction Associations

Uniswap Censors 253 Crypto Addresses Blacklisted for Crime, Sanction AssociationsAccording to a recently published report, the decentralized exchange (dex) Uniswap has blocked roughly 253 cryptocurrency addresses allegedly tied to crimes or government sanctions. The information was discovered by the software developer Banteg who analyzed and saved the shared logs from Uniswap’s server. 30 out of the 253 Blocked Addresses Are ENS Domain Names, Uniswap […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Coinbase Says This Crypto Asset Will Be the Foundation of New Era of Financial Services

Coinbase Says This Crypto Asset Will Be the Foundation of New Era of Financial Services

The leading US-based cryptocurrency exchange says that one dollar-pegged stablecoin will play an important role within the transforming financial landscape. In a new blog post, Coinbase says US Dollar Coin (USDC) will be a key component of the broader revolutionary changes as adoption of digital currencies expands. USDC was co-created by Coinbase and Circle as […]

The post Coinbase Says This Crypto Asset Will Be the Foundation of New Era of Financial Services appeared first on The Daily Hodl.

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be Frozen

Despite Recent Threats From Canadian Officials, ‘Real Crypto’ or Decentralized Assets Cannot Be FrozenOver the last week, there’s been a lot of discussion about Canada ‘freezing’ digital currency accounts that are associated with the Canadian trucker’s Freedom Convoy. Amid the topical conversation, it should be stressed that decentralized cryptocurrencies like bitcoin and ethereum, cannot be frozen directly within the network. However, the Canadian government can flag specific digital […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

5 Dollar-Pegged Tokens Command 94% of the Swelling $135 Billion Stablecoin Market Cap

5 Dollar-Pegged Tokens Command 94% of the Swelling 5 Billion Stablecoin Market CapDuring the last month, four out of five of the top stablecoins by market capitalization saw their valuations swell in size. At the time of writing, there’s $135.4 billion in stablecoins but the top five collectively represent 94.40% of that total. While the largest stablecoin in terms of market cap increased by 2% over the […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender

USDC Market Capitalization Hits $30 Billion — Stablecoin Adds $10 Billion in 4 Months

USDC Market Capitalization Hits  Billion — Stablecoin Adds  Billion in 4 MonthsAs of September 25, 2021, there’s $129.3 billion worth of stablecoin assets in existence which represents 6.54% of the crypto economy. The second-largest stablecoin by market valuation, USDC, has seen its capitalization increase a great deal, rising more than $10 billion in 125 days. Since May, USDC’s Market Cap Increased by 54% In recent times, […]

Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender