Makerdao’s DAI – DIGIT INFO

Stablecoin Economy Continues to Shrink Shedding Close to 5% in 2 Months

DIGIT — Mon, 28 Nov 2022 15:00:22 +0000

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 market cap lose more than 5% during the last 30 days. Tether’s market cap slipped from […]

Go to Source

Following the Great UST Collapse, a Defi Project Plans to Launch a ‘Soft-Pegged Stablecoin’ Built on Terra

DIGIT — Tue, 01 Nov 2022 16:30:59 +0000

Following the Terra stablecoin collapse last May, the Terra blockchain ecosystem has another stablecoin concept in the works called “Solid.” The stablecoin Solid and its white paper were revealed by a decentralized finance (defi) project, Capapult Finance, and the idea has been dubbed a “soft-pegged stablecoin” built on Terra. Terra Blockchain Ecosystem to See a […]

Go to Source

Ethereum’s Value Transfer Is Now Dominated by Stablecoins

DIGIT — Fri, 31 Jan 2020 15:00:17 +0000

The Ethereum (ETH) blockchain has become home to a number of stablecoins. On January 29, Messari researcher Ryan Watkins explained that the stablecoin value transfer issued on the ETH chain recently flipped the number of native ether transactions. Essentially, Ethereum’s value transfer is now largely made up of stablecoins like tether, pax, and dai. Also […]

The post Ethereum’s Value Transfer Is Now Dominated by Stablecoins appeared first on Bitcoin News.

Go to Source