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Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’

[Aug 23, 2024 3:44 AM] USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi. 

Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

[Aug 16, 2024 7:30 PM] According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD�

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

[May 17, 2024 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…

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…

Justin Sun: The Next Do Kwon or Sam Bankman-Fried?

[Aug 25, 2023 1:31 PM]

Top 10 Stablecoins Witness Massive Supply Reductions, Yet Dominate 61% of Global Trade Volume

[Aug 18, 2023 12:00 PM] For the first time in months, the entire list of top ten stablecoin assets has experienced supply shrinkage in the last 30 days. The stablecoin market now stands at $124 billion, following notable reductions across several projects. Yet…

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…

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.

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%…

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…

Tether Stablecoin Sees 22% Growth in 2023 Despite Dollar-Pegged Token Economy’s Contraction

[Apr 17, 2023 12:00 PM] Since January 2023, the number of tether stablecoins in circulation has grown from 66 billion to the current 80.9 billion, representing growth of more than 22% this year. Tether’s growth is approaching the high of $83 billion in stablecoins…

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…

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

[Mar 26, 2023 8:30 AM] According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last…

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

[Mar 12, 2023 8:30 PM] The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out…

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

[Mar 11, 2023 10:30 AM] On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin…

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

[Mar 3, 2023 9:00 AM] The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token…

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

[Feb 10, 2023 9:00 AM] It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S…

Stablecoin Economy Sheds Another $3 Billion in 44 Days

[Jan 28, 2023 3:00 PM] The stablecoin economy continues to deplete as more than $3 billion has been erased from the stablecoin market ecosystem over the last 44 days. While statistics show that tether’s market valuation has risen by 2% over the last 30 days, usd…

Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

[Jan 10, 2023 6:30 PM] The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing…

USDD Stablecoin Faces Possible Collapse Amid Huobi Insolvency Rumors

[Jan 6, 2023 5:00 AM] The bear market deepens as negative news and FUD keep popping up. The latest on the list of fear-causing information is Justin Sun’s USDD stablecoin and popular crypto exchange Huobi.  Mike Alfred, an investor serving as a board member of BTC miner…

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

[Dec 12, 2022 9:30 AM] The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s�

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…

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.

Tron's stablecoin USDD loses dollar peg on suspected selloff by Alameda Research

[Nov 10, 2022 5:11 AM] Wallets associated with Sam Bankman-Fried's Alameda Research could be behind the dollar de-peg, alleges Tron's founder.