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3232Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31
https://www.digit.info/tether-grows-2-3-as-stablecoin-economy-loses-2-4-billion-in-value-since-march-31/
Tue, 25 Apr 2023 16:35:04 +0000https://www.digit.info/2023/04/25/tether-grows-2-3-as-stablecoin-economy-loses-2-4-billion-in-value-since-march-31/Read more]]>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 last 30 days, except for tether, which grew by 2.3% during that time. Four […]
]]>Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply
https://www.digit.info/stablecoin-market-sees-fluctuations-with-some-coins-gaining-and-others-reducing-supply/
Sun, 26 Mar 2023 14:30:52 +0000https://www.digit.info/2023/03/26/stablecoin-market-sees-fluctuations-with-some-coins-gaining-and-others-reducing-supply/Read more]]>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 two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]
]]>USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement
https://www.digit.info/usdc-stablecoin-nears-parity-with-usd-after-feds-bailout-announcement/
Mon, 13 Mar 2023 02:30:26 +0000https://www.digit.info/2023/03/13/usdc-stablecoin-nears-parity-with-usd-after-feds-bailout-announcement/Read more]]>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 depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]
]]>Stablecoin Economy Sheds Another $3 Billion in 44 Days
https://www.digit.info/stablecoin-economy-sheds-another-3-billion-in-44-days/
Sat, 28 Jan 2023 21:00:30 +0000https://www.digit.info/2023/01/28/stablecoin-economy-sheds-another-3-billion-in-44-days/Read more]]>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 coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]
]]>Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
https://www.digit.info/circle-says-usdc-reserve-backed-entirely-in-cash-and-short-dated-us-treasuries/
Mon, 16 May 2022 14:00:35 +0000https://www.digit.info/2022/05/16/circle-says-usdc-reserve-backed-entirely-in-cash-and-short-dated-us-treasuries/Read more]]>On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]
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 last 30 days, except for tether, which grew by 2.3% during that time. Four […]
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 two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed. […]
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 depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. […]
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 coin’s market cap slid by 2.9%, BUSD valuation shed 7.2% over the last month […]
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin aims to be “the most transparent and trusted dollar digital currency.” Terra’s Stablecoin De-Pegging Incident Has Cast a Spotlight on […]