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Category: NuBits
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Stablecoin Supply Doubles in 3 Months as Combined Market Cap Surpasses $20B
2020 has been the year of stablecoins, as the token supply has doubled in the last three months. The aggregate market capitalization of 28 stablecoins captures over $20 billion on October 4, 2020. While tether still dominates the stablecoin ranks, USDC has been moving closer toward the top ten crypto coins. USDC is also the […]
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Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’
At her first press conference as head of the European Central Bank (ECB), Christine Lagarde outlined her plans to lead the ECB “ahead of the curve” in the field of digital currency. “There is clearly a demand out there that we have to respond to,” she said, referring to stablecoins. Also read: Regulatory Roundup – […]
The post Lagarde Sees Demand for Stablecoins, Plans to Put ECB ‘Ahead of the Curve’ appeared first on Bitcoin News.
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Maker Community Votes to Raise Stability Fee as Dai Struggles to Hold $1 Peg
For more than two weeks the dai stablecoin has sat below its $1 peg, and has been trading for roughly $0.97 over the last seven days. This has given concern to the Maker Dao community which has decided to raise the dai stability fee to 11.5% per year. Also read: Exchangewar Lets You Compare Crypto […]
The post Maker Community Votes to Raise Stability Fee as Dai Struggles to Hold $1 Peg appeared first on Bitcoin News.
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An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend
Back in the early days, cryptocurrency enthusiasts used to laugh at the thought of a stable cryptocurrency pegged to a specific fiat currency like the US dollar. Although nowadays things have changed and the digital currency tether (USDT) captures more cryptocurrency trade volume than most of the leading nation-state issued fiat currencies like the USD […]
The post An In-Depth Look at the Cryptocurrency Economy’s ‘Stablecoin’ Trend appeared first on Bitcoin News.
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Stablecoins: Is Control the Answer to Crypto Volatility?
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