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3232Wazirx Plans to Delist 3 Stablecoins, Leftover Balances Will Be Auto-Converted to BUSD
https://www.digit.info/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/
Mon, 19 Sep 2022 22:30:00 +0000https://www.digit.info/2022/09/19/wazirx-plans-to-delist-3-stablecoins-leftover-balances-will-be-auto-converted-to-busd/Read more]]>The crypto asset exchange Wazirx is following Binance’s move by delisting a number of stablecoins and automatically converting them to BUSD at a 1:1 ratio. Wazirx customers have until September 23 to withdraw their stablecoins if they don’t want the funds converted. Wazirx Plans to Drop 3 Stablecoins and Auto-Convert Them to BUSD by October […]
]]>Circle CEO, Paxos, and Trueusd Speak on Binance’s Stablecoin Auto-Conversion Decision
https://www.digit.info/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/
Wed, 07 Sep 2022 17:30:16 +0000https://www.digit.info/2022/09/07/circle-ceo-paxos-and-trueusd-speak-on-binances-stablecoin-auto-conversion-decision/Read more]]>On September 5, Binance explained that it planned to drop a number of usdc trading pairs and auto-convert specific stablecoin balances into busd by September 29. While the move was controversial among crypto proponents on social media, Circle Financial CEO Jeremy Allaire explained that the change “will likely lead to more usdc flowing to Binance.” […]
]]>Binance to Drop USDC Trading Pairs, Plans to Auto-Convert Specific Stablecoin Balances to BUSD
https://www.digit.info/binance-to-drop-usdc-trading-pairs-plans-to-auto-convert-specific-stablecoin-balances-to-busd/
Mon, 05 Sep 2022 23:05:42 +0000https://www.digit.info/2022/09/05/binance-to-drop-usdc-trading-pairs-plans-to-auto-convert-specific-stablecoin-balances-to-busd/Read more]]>The world’s largest cryptocurrency trading platform by trade volume, Binance, issued a notice on Monday explaining that the exchange will be removing the stablecoin USDC from the platform’s spot trading pairs list. Binance further details that users holding three types of stablecoins will see their balances auto-converted into BUSD if the user does not remove […]
]]>Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion
https://www.digit.info/stablecoin-economy-continues-to-balloon-as-usdcs-market-cap-crosses-50-billion/
Fri, 04 Feb 2022 15:00:14 +0000https://www.digit.info/2022/02/04/stablecoin-economy-continues-to-balloon-as-usdcs-market-cap-crosses-50-billion/Read more]]>As the entire lot of 12,333 digital currencies hovers just above $1.8 trillion in value, the stablecoin economy has recently swelled to $178.8 billion or 9.9% of the entire crypto economy. Out of the top five stablecoins, usd coin (USDC) saw its market capitalization jump the most, increasing 18.9% during the last 30 days. The […]
]]>Defi and Algorithmic Stablecoin Demand Grows in 2021 Despite Large Centralized Competitors
https://www.digit.info/defi-and-algorithmic-stablecoin-demand-grows-in-2021-despite-large-centralized-competitors/
Wed, 13 Oct 2021 19:30:53 +0000https://www.digit.info/2021/10/13/defi-and-algorithmic-stablecoin-demand-grows-in-2021-despite-large-centralized-competitors/Read more]]>On Wednesday, October 13, 2021, the market capitalization of all the stablecoins in existence is around $134 billion, which is 5.60% of the entire $2.4 trillion crypto economy. While centralized stablecoin projects dominate the pack of dollar-pegged tokens, a great number of decentralized stablecoins have been moving in on these centralized competitors. Algorithmic or defi-styled […]