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Cryptocoins News / The Cointelegraph - 3 years ago
Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins. The death spiral of the Terra eco...
Cryptocoins News / The Cointelegraph - 3 years ago
Several USDC holders have fled to other stablecoins amid fears surrounding its solvency. Several USD Coin (USDC) holders have fled to other stablecoins since March 10...
Bitcoin News / Bitcoin.com - 3 years ago
On Saturday, March 11, 2023, Circle Financial updated the public about its stablecoin, USDC, and noted that the stablecoin’s liquidity operations will resume normally on Monday morning in the United States. Circle said that the company’s...
by COINS NEWS - 3 years ago
submitted by /u/Ispan [link] [comments]
Cryptocoins News / The Cointelegraph - 3 years ago
The trading freeze follows an analysis from DeFi's risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave ha...
Cryptocoins News / The Cointelegraph - 3 years ago
The trading freeze follows an analysis from DeFi’s risk manager firm Gauntlet Network considering different scenarios for the USD Coin price. Lending protocol Aave has...
by COINS NEWS - 3 years ago
All the mess and drama in this Bear Market is caused by highly centralized systems from Blockchain/Crypto driven projects that reached a point of implosion and in many cases these events are triggered by immense greed from individuals. All the big ev...
Bitcoin News / Google News Bitcoin - 3 years ago
Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 3 years ago
On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip down to $0.877 per unit. At the time of writing, Makerdao commands $3.1 billion in USDC colla...
Cryptocoins News / EthereumWorldNews - 3 years ago
The collapse of Silicon Valley Bank has jolted the entire crypto industry.& USD Coin issuer Circle’s $3.3 billion exposure to the bank has caused the stablecoin to lose its peg.& USDC fell as low as $0.87 earlier today as holders rushed to r...
Bitcoin News / Google News Bitcoin - 3 years ago
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 3 years ago
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. Additional...
by COINS NEWS - 3 years ago
After Binance, Tether probably receives the most FUD in this space. Tether is allegedly: ... a ticking timebomb waiting to explode https://preview.redd.it/rr5d8jece4na1.png?width=504&format=png&auto=webp&s=f07b6df5d7b6310c0153a8cf22...
by COINS NEWS - 3 years ago
Some doing worse than others, but 8 of the top 10 stable coins are currently no longer worth $1 USD (I've excluded UST and TRIBE since they depegged a while ago and never managed to repeg). Below are the current prices of the top 10 stablecoins...
Bitcoin News / Google News Bitcoin - 3 years ago
Cardano Founder Says Algorithmic Stablecoins Are Essential for Bitcoin (BTC) to Achieve Its Vision& & U.Today
by COINS NEWS - 3 years ago
submitted by /u/sidmehra1992 [link] [comments]
Bitcoin News / Google News Bitcoin - 3 years ago
How USDC Stablecoin Depegging Could Break Many Crypto Firms But Bitcoin Will be Stronger& & Cryptonews
Cryptocoins News / Blockchain - 3 years ago
The US Federal Reserve is planning to establish a specialized team of experts to keep up with developments in the cryptocurrency industry, specifically focusing on stablecoins. The move comes amid concerns that unregulated stablecoins could put house...
Cryptocoins News / The Cointelegraph - 3 years ago
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar. The stablecoin ecosystem felt an immediate effect as USD Coin...
by COINS NEWS - 3 years ago
The crypto ecosystem never fails to surprise me. People have been FUDing USDT for ages and it has managed to stand taller than anything else that's in existence. First UST fell, now USDC is depegging as we speak. This also highlights that stable...
Bitcoin News / Google News Bitcoin - 3 years ago
Bitcoin, Ethereum Price Rising Despite Bank Woes, Stablecoins Depeg& & CoinGape
by COINS NEWS - 3 years ago
USDC printed a -1% candle an hour ago. It's possibly in trouble because because of it's cash reserves being held by silvergate & SVB. USDT has been trading slightly above the peg today, probably because people are shifting to it from USDC...
Cryptocoins News / Blockchain - 3 years ago
Arthur Hayes, the co-founder and former CEO of BitMEX, has proposed creating a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar. Unlike major reserve-backed U.S. dollar-pegged stablecoins, the proposed NakaDollar would be pegged...
Cryptocoins News / The Cointelegraph - 3 years ago
The Fed’s vice chair for supervision said that the central bank does not want to curb innovation but ensure that regulations protect households and the financial system....
More / Etherum Reddit - 3 years ago
Issuing a stablecoin As the title says, I want to emit a stablecoin backed by real estate. I have been searching, the web, for info, but didn't find much so I ask here. What are the legal terms to issue a stable coin in EU and US? How do i conver...
