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Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month

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Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last Month
Altcoins
Stablecoin BUSD’s Supply Shrunk by 3.24 Billion in 3 Days, Market Cap Is Down 20% Since Last MonthWhile billions of dollars in crypto assets have been withdrawn from Binance, the world’s largest exchange in terms of volume, the stablecoin BUSD has seen its coins in circulation drop considerably during the last three days. While 20% of BUSD’s supply was drained since last month, statistics show that 14.77% of the reduction took place […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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

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Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months
Altcoins
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 […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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

Bitcoin.com
Stablecoin GUSD’s Supply Jumps Close to 130% Higher in 30 Days
Altcoins
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 […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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

Bitcoin.com
Stablecoin Blues: Billion Erased From the Dollar-Pegged Token Economy, HUSD Depegs, USDC Supply Drops 10%
Altcoins
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 […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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

Bitcoin.com
USDC’s Market Cap Sheds Close to Billion in Less Than 20 Days, Binance’s BUSD Climbs 3%
Altcoins
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. […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed $6.7 Billion in 83 Days

Bitcoin.com
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed .7 Billion in 83 Days
$6.7 billion
Stablecoin Economy Continues to Deflate — USDC’s Market Cap Shed .7 Billion in 83 DaysJust over two months or approximately 83 days ago, the stablecoin usd coin (USDC) had a market valuation of around $55.52 billion and since then, USDC’s market capitalization has lost 12.05%. For most of 2022, the second largest stablecoin by market capitalization, USDC has been above the $50 billion mark, but this week the crypto […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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

Bitcoin.com
Stablecoin Economy Growth Stagnates for 73 Days, USDC Market Cap Slides 5% Lower
Altcoins
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 […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company

Bitcoin.com
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the Company
agreement
Tether Liquidates Celsius Bitcoin Loan — ‘Position Has Been Liquidated With No Losses’ to the CompanyOn July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.” According to the stablecoin issuer, the bitcoin loan to Celsius was “overcollateralized” by roughly “130%+.” Tether Liquidates Bitcoin Loan Taken […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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

Bitcoin.com
Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation
Altcoins
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% […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

Bitcoin.com
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
bitcoin.com
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US TreasuriesOn May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]
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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Cosmos co-founder proposes peer-to-peer clearing system in white paper

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