23 / 23 Relevant items tagged with #Stablecoins

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Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity

[Nov 28, 2022 11:05 AM] It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per…

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

[Nov 28, 2022 9:00 AM] During 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…

Crypto awakening: Researcher explains ETH exodus from exchanges

[Nov 23, 2022 6:31 AM] On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse.

FTX collapse followed by an uptick in stablecoin inflows and DEX activity

[Nov 14, 2022 4:00 PM] Investors piled into stablecoins following FTX’s collapse, and an uptick in DEX activity suggests a rising interest in self-custody options.

Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX

[Nov 14, 2022 8:39 AM] CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX.

Latam Based Crypto Exchange Bitso Launches QR Payment Service for Tourists in Argentina

[Nov 12, 2022 3:30 AM] Bitso, one of the largest cryptocurrency exchanges in Latam, has launched a QR payments program geared towards travelers in Argentina. The service proposal seeks to ease the way in which travelers and tourists make payments in the country, using…

Major stablecoins destabilized as market volatility and redemptions surge

[Nov 10, 2022 10:24 PM] Nearly all major stablecoins lost their dollar pegs amid the FTX saga, but most have recovered again as markets stabilize.