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3232Why Stablecoins Fail: Lessons From the Past
https://www.digit.info/why-stablecoins-fail-lessons-from-the-past/
Sun, 29 Sep 2024 04:30:17 +0000https://www.digit.info/why-stablecoins-fail-lessons-from-the-past/Read more]]>Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins […]
]]>S&P Global Report: New Legislation Could ‘Boost’ US Stablecoin Landscape
https://www.digit.info/sp-global-report-new-legislation-could-boost-us-stablecoin-landscape/
Thu, 25 Apr 2024 03:31:55 +0000https://www.digit.info/2024/04/25/sp-global-report-new-legislation-could-boost-us-stablecoin-landscape/Read more]]>According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New […]
]]>Societe Generale Subsidiary Launches Euro Stablecoin, but Faces Criticism Over Smart Contract Issues
https://www.digit.info/societe-generale-subsidiary-launches-euro-stablecoin-but-faces-criticism-over-smart-contract-issues/
Fri, 21 Apr 2023 20:20:00 +0000https://www.digit.info/2023/04/21/societe-generale-subsidiary-launches-euro-stablecoin-but-faces-criticism-over-smart-contract-issues/Read more]]>According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in […]
]]>Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades
https://www.digit.info/stablecoin-market-cap-slides-busd-and-dai-valuations-jump-fiat-tokens-represent-70-of-all-crypto-trades/
Thu, 21 Jul 2022 14:45:27 +0000https://www.digit.info/2022/07/21/stablecoin-market-cap-slides-busd-and-dai-valuations-jump-fiat-tokens-represent-70-of-all-crypto-trades/Read more]]>During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to […]
]]>Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
https://www.digit.info/circle-to-issue-weekly-usdc-reserve-reports-tether-publishes-may-2022-assurance-report/
Sun, 22 May 2022 14:00:50 +0000https://www.digit.info/2022/05/22/circle-to-issue-weekly-usdc-reserve-reports-tether-publishes-may-2022-assurance-report/Read more]]>The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s […]
]]>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 […]
]]>Stablecoin Issuance Surged Last Year — UST Saw the Largest 12-Month Increase
https://www.digit.info/stablecoin-issuance-surged-last-year-ust-saw-the-largest-12-month-increase/
Sun, 30 Jan 2022 18:49:38 +0000https://www.digit.info/2022/01/30/stablecoin-issuance-surged-last-year-ust-saw-the-largest-12-month-increase/Read more]]>Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping […]
]]>Expanding Crypto Market Caps by 500% to 1,300%: Stablecoin Issuance Saw Significant Growth Last Year
https://www.digit.info/expanding-crypto-market-caps-by-500-to-1300-stablecoin-issuance-saw-significant-growth-last-year/
Tue, 11 Jan 2022 16:30:40 +0000https://www.digit.info/2022/01/11/expanding-crypto-market-caps-by-500-to-1300-stablecoin-issuance-saw-significant-growth-last-year/Read more]]>As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto […]
]]>Stablecoin Economy Jumps 3.5% in 2 Weeks to $167 Billion, Fiat-Pegged Tokens Command Over 60% of Crypto Trades
https://www.digit.info/stablecoin-economy-jumps-3-5-in-2-weeks-to-167-billion-fiat-pegged-tokens-command-over-60-of-crypto-trades/
Sat, 25 Dec 2021 17:30:11 +0000https://www.digit.info/2021/12/25/stablecoin-economy-jumps-3-5-in-2-weeks-to-167-billion-fiat-pegged-tokens-command-over-60-of-crypto-trades/Read more]]>Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy. Stablecoin Issuance Jumps 3.5% There’s a great number of stablecoins […]
]]>$11 Billion Added to Stablecoin Economy in 10 Days, UST and OUSD Issuance Swells
https://www.digit.info/11-billion-added-to-stablecoin-economy-in-10-days-ust-and-ousd-issuance-swells/
Wed, 08 Dec 2021 14:19:42 +0000https://www.digit.info/2021/12/08/11-billion-added-to-stablecoin-economy-in-10-days-ust-and-ousd-issuance-swells/Read more]]>During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 […]
Stablecoins, the cryptocurrencies pegged to fiat currencies like the U.S. dollar to keep their value steady, can still face failures. Several well-known examples demonstrate that maintaining stability is more challenging than it appears. So, how does something designed to be ‘stable’ unravel? A Historical Review of Stablecoin De-Pegging Incidents There’s no doubt that these stablecoins […]
]]>
According to a report from S&P Global Ratings, the introduction of the Lummis-Gillibrand Payment Stablecoin Act on April 17, 2024, promises to significantly reshape the U.S. stablecoin market. Authored by Mohamed Damak and Andrew O’Neill, the report outlines the potential for enhanced regulatory clarity and increased institutional adoption. S&P Global Ratings Analyzes Impact of New […]
]]>
According to Societe Generale-Forge (SG-Forge), a regulated subsidiary of Societe Generale Group, the company has launched a stablecoin pegged to the euro and issued on the Ethereum blockchain. During the launch announcement, SG-Forge’s CEO stated that a stablecoin “built under a robust banking-grade structure” will be a key element to increase trust and confidence in […]
During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their market caps slide over the last 30 days, while BUSD and DAI have seen increases. Stablecoin Markets Lose Close to […]
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s […]
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 […]
Stablecoins have become prominent payment rails in the world of cryptocurrencies commanding $177 billion in fiat value today. The top ten stablecoins by market capitalization represent the largest share of the value in the fiat-pegged coin economy and many of these tokens grew exponentially last year. Terra’s UST stablecoin grew the most last year, jumping […]
As crypto-assets grew immensely in value last year, the growth of the stablecoin economy swelled as well and today, there’s $170.24 billion worth of stablecoins in circulation. Data indicates that over the last 12 months, a slew of stablecoin valuations grew exponentially. 12-Month Stats Show Stablecoin Market Valuations Saw Massive Growth Last year, numerous crypto […]
Since December 8, the stablecoin economy has grown 3.59% in 17 days as numerous stablecoin market valuations have issued more fiat-pegged tokens this month. On Saturday, December 25, the stablecoin economy’s $167 billion market valuation represents 6.68% of the entire $2.49 trillion crypto market economy. Stablecoin Issuance Jumps 3.5% There’s a great number of stablecoins […]
During the last week of November, the stablecoin economy had crossed the $150 billion mark for the first time with tether and usd coin dominating the pack. In a mere ten days, the stablecoin economy gathered another $11 billion in value with origin dollar and terra usd swelling significantly during the last 30 days. $11 […]