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The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

The Stablecoin Economy Shed  Billion in 2022 After a Handful of Tokens Lost Their  Peg2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month. Over $3 Billion in […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

Ethereum Rival Plummets in Price After Stablecoin Built on Its Chain Loses Peg to US Dollar

Ethereum Rival Plummets in Price After Stablecoin Built on Its Chain Loses Peg to US Dollar

The token of the decentralized application (DApp) creation platform Waves (WAVES) is plummeting after the algorithmic stablecoin backing it failed to maintain its peg to the US dollar. From opening at $2.38 on December 1st, Waves is now trading for $1.75, a nearly 27% decrease. The low-cap Ethereum (ETH) rival is seeing massive losses after […]

The post Ethereum Rival Plummets in Price After Stablecoin Built on Its Chain Loses Peg to US Dollar appeared first on The Daily Hodl.

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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 […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

Stablecoin USDN Trades Below $1 Parity for 14 Days in a Row, Token Taps $0.91 Low This Week

Stablecoin USDN Trades Below  Parity for 14 Days in a Row, Token Taps alt=Approximately 14 days ago, the stablecoin neutrino usd (USDN) tapped a high of $0.994 per unit, and ever since then, USDN has not been able to rise above the $0.97 per unit range. The dollar-pegged asset is associated with the Waves blockchain protocol, and recently the Neutrino Protocol decided to add a token called SURF […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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 […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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 […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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 […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

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 […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

Tron DAO Reserve Purchases $38 Million in TRX to Safeguard the Stablecoin USDD

Tron DAO Reserve Purchases  Million in TRX to Safeguard the Stablecoin USDDOn May 5, Tron’s algorithmic stablecoin USDD went live and so far, the fiat-pegged token has been listed on a number of decentralized finance (defi) protocols. Two days later, the Tron DAO Reserve announced it purchased 504.6 million tron (TRX) to back the algorithmic stablecoin, as the project aims to leverage a decentralized forex reserve […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property

Stablecoin Economy Is $10 Billion Away From Reaching a $200 Billion Market Cap

Stablecoin Economy Is  Billion Away From Reaching a 0 Billion Market CapThe stablecoin economy has grown during the last month as the market capitalization is now only $10 billion away from reaching the $200 billion mark. While the largest stablecoin, by market valuation, tether (USDT) swelled by 3% during the last 30 days to $82 billion, terrausd (UST) has increased by 15.4% to $16.7 billion. Stablecoin […]

Former FTX exec Ryan Salame to give up $5.9M Bahamas property