Real Estate-Backed Stablecoin USDR De-Pegs After Treasury Was Drained of Liquid Assets
[Oct 11, 2023 10:46 AM] On-chain data suggests that USDR's treasury was drained of liquid assets, leading to a run on the stablecoin.
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Whales, Fresh Wallets Accumulating, Maker (MKR) Spikes 120% In 3 Months
[Sep 20, 2023 7:00 PM] On-chain data reveals that whales and new wallets are scooping more Maker (MKR), which seems to be propping the token, fanning demand. As of September, MKR is one of the top-performing tokens, adding roughly 120% in three months from June 2023…
Decentralized stablecoins could dominate crypto: MakerDAO founder
[Sep 14, 2023 10:20 PM] MakerDAO’s Rune Christensen says appropriate regulation will see stablecoins become mainstream, but the real opportunity is in decentralized stablecoins.
Report Reveals The Stablecoins That Have Suffered The Most De-Peg Events
[Sep 12, 2023 5:30 AM] Amidst the constant price swings and uncertainties that plague the crypto market, stablecoins have become an invaluable asset for investors and traders. However, analysts have revealed several stablecoins that have been struggling to maintain the…
Stablecoin de-pegging plagued USDC and DAI more than others: Analysts
[Sep 11, 2023 10:25 PM] Stablecoins from Circle and MakerDAO have been more unstable than those from Tether and Binance over the past couple of years, according to a new report from S&P Global.
What Are Stablecoins? A Simple Explanation of the Digital Asset Bridging Crypto and Fiat
[Sep 9, 2023 10:00 PM] Stablecoins occupy a unique space within the realm of finance, straddling the worlds of traditional and cryptocurrency finance. These digital assets aim to achieve price stability by tethering their market value to external references such as fiat…
No Vitalik, No Problem: Whale Sells Ethereum (ETH) For Maker (MKR)
[Sep 4, 2023 4:00 PM] Less than a week after Vitalik Buterin, one of the co-founders of Ethereum, sold his Maker (MKR) stash for ETH, one crypto whale has done the opposite. On-chain data on September 4 shows that one Ethereum holder sold 694 ETH, worth roughly $1.13…
August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction
[Aug 31, 2023 8:30 AM] Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125…
DAI Stablecoin Surpasses $5B Market Cap on Higher Yield, Lifting Spark Protocol
[Aug 23, 2023 12:45 PM] The recently-introduced Enhanced Dai Savings Rate reversed some of the token’s decline in market value.
Coinbase Acquires Equity Stake in Circle; Companies Reshape USDC’s Future
[Aug 22, 2023 3:00 AM] In a joint statement, Jeremy Allaire, CEO of Circle, and Brian Armstrong, CEO of Coinbase, announced the dissolution of the Centre Consortium. Consequently, Circle will take exclusive charge of the issuance and governance of USDC. Additionally…
Coinbase Will Suspend USDT, DAI and RAI Trading for Canadian Users
[Aug 17, 2023 1:28 PM] The exchange expanded its services in Canada earlier this week.
Base’s Rapid Ascent: 136,000 Daily Users and $175 Million TVL in Ethereum’s L2 Defi Space
[Aug 11, 2023 11:30 AM] Base, the Ethereum layer two (L2) scaling solution supported by Coinbase, has experienced over $175 million funneled into its decentralized finance (defi) protocol since its creation. The majority of value locked comprises 75,244 ether and nearly…
MakerDAO Debates New EDSR Optimization Plan As MKR Bears Retain Market Control
[Aug 9, 2023 3:00 PM] MakerDAO has been in the headlines recently following a boost in the maximum Dai Savings Rate (DSR) from 3.19% to 8% on Sunday, August 6. This temporary increment termed the Enhanced Dai Savings Rate (EDSR), was designed to encourage more Dai…
Stablecoin Turmoil: $1.53 Billion Redeemed in a Month Amid Declining Trade Volume
[Aug 7, 2023 8:00 AM] In the brief span from July 12, 2023 to August 6, 2023, the stablecoin economy witnessed a staggering loss exceeding $1.53 billion in value. Among the premier ten stablecoins, Pax’s pax dollar (USDP) experienced a redemption of 39% of its…
Maker (MKR) Signals Bullish Price Formation – Is $1.300 Around The Corner?
[Jul 30, 2023 6:22 AM] Maker (MKR), one of the prominent players in the decentralized finance (DeFi) space, has experienced a remarkable 11% price surge in the past seven days. Despite a slight drop in the last hour, the token’s performance remains impressive. …
MakerDAO increases DAI yield in a bid to boost demand
[Jul 27, 2023 1:30 PM] The Enhanced Dai Savings Rate is based on DSR utilization and could boost the stablecoin yield by as much as 8%.
MakerDAO Looks to Ignite Growth for $4.6B DAI Stablecoin With Up to 8% Reward
[Jul 27, 2023 10:28 AM] The circulation of Maker’s DAI stablecoin has shrunk by a third over the past year.
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
[Jul 25, 2023 11:30 AM] The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding…
3 reasons why Maker (MKR) fundamentals hint at further price upside
[Jul 24, 2023 2:00 PM] MKR looks primed to continue the rally given its recent buyback mechanism and two other key metrics that impact Maker’s price.
Stablecoin dominance slides as market cap falls to near 2-year lows: CCData
[Jul 20, 2023 9:07 PM] After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.
Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks
[Jul 12, 2023 12:00 PM] The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the…
Bitwage Purges USDC Payments for US Residents Due to a ‘More Strict Regulatory Climate’
[Jul 7, 2023 5:30 AM] Bitwage, a cryptocurrency payroll company, has announced it will remove USDC-based payments for U.S. residents. In an email sent to U.S.-based customers, Bitwage explains removing the second-largest stablecoin by market cap from its platform is…
Redemptions Plague Stablecoin Economy, Wiping Out Over $2 Billion in June
[Jul 2, 2023 3:30 PM] The market capitalization of the stablecoin economy on July 2, 2023, has fallen below the $129 billion mark to the current $128.21 billion, according to statistics. Just over $2 billion in stablecoins have been withdrawn from the stablecoin token…
MakerDAO Boosts U.S. Treasury Holdings by $700M to Back DAI Stablecoin With Real-World Assets
[Jun 21, 2023 9:39 AM] The purchase is the latest step to increase the role of real-world assets in the platform’s DAI stablecoin reserve.
TUSD Supply Skyrockets With 1 Billion Injection Amidst Decline in Stablecoins
[Jun 19, 2023 9:30 PM] Despite the decline in stablecoins due to substantial redemptions, particularly from projects like USDC, DAI, and BUSD, the project TUSD has experienced a notable surge in its supply. TUSD has added more than a billion dollars’ worth of…
MakerDAO Hikes DAI Savings Rate, Ousts Paxos Dollar, Curbs Gemini Dollar in Reserve
[Jun 15, 2023 2:17 PM] The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted.
Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Experience Supply Decline
[Jun 15, 2023 8:00 AM] According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies ranging from 4% to 19%…
MakerDAO Weighs Ditching $390M of Gemini Dollars from DAI Reserve
[Jun 14, 2023 11:03 AM] The result could have a significant impact on Gemini and its stablecoin as MakerDAO’s reserve holds roughly 88% of total GUSD supply.
Someone Flash Loaned $200M From MakerDAO to Make $3 Profit
[Jun 14, 2023 5:21 AM] An arbitrage bot flash loaned $200 million worth of the dai stablecoin from MakerDAO on Wednesday, making a $3.24 profit after transaction fees.
New Stablecoin Issuer Raft Is Eschewing Fiat for Its Financial Backing
[Jun 5, 2023 8:00 AM] Its R stablecoin is collateralized by one crypto asset: liquid staking leader Lido’s staked ether (stETH).