Pax dollar – DIGIT INFO

Paxos acquires Membrane Finance for EU stablecoin expansion

DIGIT — Tue, 19 Nov 2024 20:22:36 +0000

Membrane Finance is the issuer of US dollar and euro stablecoins and has a passportable Finnish license.

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Paxos gains approval for Singapore stablecoin launch with DBS partnership

DIGIT — Tue, 02 Jul 2024 13:17:21 +0000

Paxos will partner with Southeast Asia’s largest bank, DBS, for the stablecoin launch.

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Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

DIGIT — Fri, 21 Jul 2023 03:07:20 +0000

After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.

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Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

DIGIT — Tue, 25 Apr 2023 16:35:04 +0000

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 […]

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Nearly 3 Billion BUSD Stablecoins Have Been Removed From the Market in 6 Days

DIGIT — Sun, 19 Feb 2023 23:30:35 +0000

Six days ago, a few hours before the blockchain infrastructure platform Paxos announced it would no longer mint BUSD stablecoins, $2.86 billion worth of BUSD were redeemed. Currently, Binance is the most active exchange trading BUSD tokens, and the stablecoin still commands roughly 10.7% of the crypto economy’s $67.71 billion in global trade volume over […]

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Stablecoin Economy Sheds Another $3 Billion in 44 Days

DIGIT — Sat, 28 Jan 2023 21:00:30 +0000

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 […]

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Stablecoin Economy Continues to Balloon as USDC’s Market Cap Crosses $50 Billion

DIGIT — Fri, 04 Feb 2022 15:00:14 +0000

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 […]

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