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Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound

[May 17 7:47 AM] According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin…

TUSD’s Supply Halves as It Drops to 8th Rank Among Stablecoins

[Mar 24 7:05 AM] Over the past week, the stablecoin trueusd (TUSD) experienced a notable decrease in its supply. As of March 19, 2024, the circulation was approximately 1.1 billion TUSD, which then plummeted to just 612 million. Supply Slash Sees TUSD Fall From Top…

Stablecoin TUSD Remains Below Intended $1 Peg as Avara’s GHO Surges to Near-Peg Heights

[Jan 25 12:30 PM] Market analysis reveals ongoing stability challenges for the stablecoin trueusd in maintaining its targeted $1 peg. As of 10:30 a.m. Eastern Time (ET) on Jan. 25, 2024, the token’s trading value fluctuated between $0.979 and $0.981…

TrueUSD Wobbles Towards $1 Peg Amid Reported Redemption Issues

[Jan 18 4:54 AM] TUSD went as low as 96 cents as Binance data shows traders apparently sold over $300 million worth in the past 24 hours.

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold

[Jan 16 11:30 AM] Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By 10:00 a.m. Eastern Time (ET) on Tuesday, it managed to recover slightly, climbing above the $0.99…

TUSD Loses $1 Peg Amid Binance's FDUSD Focus: Analyst

[Jan 16 2:24 AM] Binance introduced zero-fee FDUSD trading in December, giving users an incentive to sell.

$3.1 Billion TUSD Stablecoin Shaky, Briefly Depegs—What’s Happening?

[Nov 27, 2023 9:00 PM] TrueUSD (TUSD), a stablecoin with a market cap exceeding $3.1 billion, appears “shaky” and briefly depegged on November 22, dropping to as low as $0.9976 before restoring its peg. The temporary depeg was attributed to a deluge of…

BUSD Falls to Fifth Among Stablecoin Leaders; TUSD and FDUSD Supplies Surge in a 3-Day Span

[Sep 3, 2023 2:30 PM] The stablecoin landscape witnessed a shifting dynamic this week, with the once fourth-largest stablecoin, binance usd (BUSD), relinquishing its position. This change arises from the crypto asset’s supply dwindling below the 3 billion mark…

Binance to Gradually Phase Out Support for BUSD Stablecoin

[Aug 31, 2023 1:30 PM] The world’s largest cryptocurrency exchange by global trade volume, Binance, has announced it is discontinuing support for the stablecoin asset BUSD. The trading platform is encouraging users to swap their BUSD as Binance gradually phases…

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…

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…

Did Justin Sun Use Fake Balance? Tron Founder’s $62 Million TUSD Minting Raises Eyebrows

[Jul 20, 2023 2:46 PM] Crypto analyst Adam Cochran recently caused a stir in the cryptocurrency community when he called attention to a series of TrueUSD (TUSD) transactions made by Tron founder Justin Sun.  Cochran highlighted a series of transactions made by…

Stablecoin TrueUSD To Be Fully Controlled By Asian Owner

[Jul 15, 2023 8:00 PM] In today’s news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change.  According to a thread this morning by the project’s official Twitter handle, Archblock Inc., the current TUSD…

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…

AAVE Records 26% Weekly Gain, Looks To Break Key Resistance

[Jul 5, 2023 8:00 AM] AAVE, one of the most prominent DeFi tokens, has made a bright start to July. The coin is experiencing a price rally, jumping by more than 26% in the past week. Overall, the AAVE market seems to be enjoying much attention as shown by recent high…

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…

TrueUSD Depegs on Binance.US, Drops to 80 Cents Against Tether

[Jun 28, 2023 12:25 AM] TUSD trades at a discount versus Tether as former FTX provider Armanino's rebranded outlet The Network Firm's association with TrueUSD raises alarm bells on Crypto Twitter.

TrueUSD Stablecoin Has $26k of Funds at ‘U.S. Depository Halting Withdrawals,’ Reserve Report Says

[Jun 27, 2023 12:44 PM] The stablecoin issuer said last week that it had “no exposure” to the failed crypto custodian Prime Trust.

TrueUSD Says TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust

[Jun 22, 2023 10:37 AM] Stablecoin project TrueUSD said Thursday it had “no exposure” to embattled crypto services company Prime Trust as it raced to shore up confidence in its dollar-backed TUSD.

TUSD Emerges Strong: 1 Billion Injection Bolsters Supply Amidst Declining Stablecoin Market

[Jun 21, 2023 3:09 AM] On June 16, TUSD supply surged by 52%! The difficulties the dollar-pegged token economy was facing were recently brought to light when significant redemptions caused its market valuation to drop to a 20-month low. Binance’s dominance in TUSD…

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…

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%…

Custodian Prime Trust’s Payments Subsidiary Banq Files for Chapter 11 Bankruptcy Protection

[Jun 14, 2023 5:30 PM] Shortly after the custodian Bitgo announced its acquisition of the company Prime Trust, its payments subsidiary, a firm called Banq, filed for Chapter 11 bankruptcy protection in the United States. According to court documents, the filing reveals…

Stablecoin Market Shrinks for 14th Straight Month, Posing Potential Headwinds for Crypto Prices

[May 24, 2023 4:06 PM] The continued contraction of the stablecoin market capitalization suggests that the crypto markets are still in their bear phase, macro analyst Tom Dunleavy said.

Stablecoin Economy Shrinks by $7.3 Billion in 2023, USDC and BUSD Record Mass Redemptions 

[May 21, 2023 9:30 AM] From the beginning of this year, the crypto economy has surged by 41.77%, reaching a current market capitalization of $1.17 trillion. However, amidst this growth, the stablecoin economy experienced a substantial loss of $7.3 billion within a span…

TrueUSD's Borrowing Rates Jumped to 100% as TUSD Soared to $1.20: Kaiko

[May 3, 2023 6:12 AM] Traders shorted TUSD to capture a 20% upside for the token’s intended $1 peg.

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

[Apr 25, 2023 10:00 AM] While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the…

USDC Market Cap Dips By $10 Billion In 2 Weeks – Here’s Why

[Apr 2, 2023 8:02 AM] USDC has struggled to recover from the negative fallout a few weeks ago after Silicon Valley Bank’s (SVB) collapse. Investors have continued to withdraw their assets from the stablecoin despite assurances from issuer Circle about its…

TUSD Stablecoin Daily Trading Volume Surpasses $1B After Binance Boost

[Mar 31, 2023 3:44 PM] The surge follows Binance’s decision a week ago to eliminate the zero-fee trading discount on the platform except for the BTC-TUSD pair.

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

[Mar 30, 2023 11:30 AM] Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD…