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Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 MonthsDuring the last month, the market capitalization of all the stablecoins in existence dropped by more than 2%, shedding roughly $2.98 billion since the end of October. Statistics show that tether, the largest stablecoin by market valuation, saw its market cap lose more than 5% during the last 30 days. Tether’s market cap slipped from […]

Michael Saylor’s ‘No Second Best’ Holds Strong as BTC Outpaces Hypothetical ETH Investment 

Stablecoin Blues: $3 Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%

Stablecoin Blues:  Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%Over three billion in value was erased from the stablecoin economy during the past 30 days. The trend occurred despite the number of tethers in circulation rising by 2.2% last month. On Oct. 1, 2022, tether’s market capitalization was approximately $67.95 billion, and it’s risen to $69.36 billion since then. Circle’s usd coin, on the […]

Michael Saylor’s ‘No Second Best’ Holds Strong as BTC Outpaces Hypothetical ETH Investment 

Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra

Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on TerraFollowing the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a decentralized finance (defi) project, Capapult Finance, and the idea has been dubbed a “soft-pegged stablecoin” built on Terra. Terra Blockchain Ecosystem to See a […]

Michael Saylor’s ‘No Second Best’ Holds Strong as BTC Outpaces Hypothetical ETH Investment