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Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

Tether Grows 2.3% as Stablecoin Economy Loses .4 Billion in Value Since March 31While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3% during that time. Four […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging IncidentOn Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether, […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Stablecoin Economy Sheds Another $3 Billion in 44 Days

Stablecoin Economy Sheds Another  Billion in 44 DaysThe stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days

Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 DaysWhile the stablecoin economy has seen fluctuations from specific stablecoin tokens either increasing the project’s number of tokens in circulation or decreasing the supply, the stablecoin GUSD issued by Gemini has increased by 129.5% during the last 30 days. GUSD Sees Supply Balloon by Nearly 130% There’s been a number of changes within the stablecoin […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower

Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% LowerSince the Terra stablecoin fiasco in May, the top stablecoins by market capitalization dropped 10.66% from ​​$171.37 billion to today’s $153.09 billion. During the last two months, the top stablecoins by market capitalization have seen little growth remaining at $153 billion since mid-July. For More Than 2 Months Stablecoin Market Caps Stagnate Seeing Little Growth […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial Paper

Tether Hires BDO Italia for Monthly Assurance Reports, USDT’s Quarterly Attestation Shows a 58% Decrease in Commercial PaperThis week, the stablecoin issuer Tether Holdings Limited revealed an update to its assurance and attestation process and detailed that the company has been working with accounting firm BDO Italia. The accounting firm will conduct monthly tether assurance reports based on the stablecoin issuer’s reserves. The following day, Tether published its quarterly assurance opinion completed […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value

Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

USDD Continues to Trade for Under $1 — Tron DAO Reserve Insists Stablecoin Has Not Depegged

USDD Continues to Trade for Under  —  Tron DAO Reserve Insists Stablecoin Has Not DepeggedSince June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior on June 19, USDD saw an all-time low at $0.928 per unit. Despite being below the U.S. dollar parity, the […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to alt=Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per unit. The Abracadabra-issued stablecoin dropping in value follows the recent terrausd (UST) failure and USDD’s recent volatility last week. Stablecoin […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish

Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation

Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market ValuationRoughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy lost $16.31 billion in value since then. While that value was erased from the stablecoin market, stablecoins themselves represented 9.35% […]

Why Ethereum traders are closely watching ETH/BTC charts — Spoiler alert, it’s bullish