Stablecoin Tokens – DIGIT INFO

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

DIGIT — Thu, 30 Mar 2023 17:30:29 +0000

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]

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Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

DIGIT — Fri, 03 Mar 2023 15:00:19 +0000

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has […]

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The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

DIGIT — Fri, 17 Jun 2022 16:30:29 +0000

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was over $82 billion with 82,694,361,442 tethers in circulation. Since then, more than 12 billion tethers have been removed from circulation […]

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Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries

DIGIT — Mon, 16 May 2022 14:00:35 +0000

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 […]

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Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc

DIGIT — Mon, 16 Mar 2020 02:04:46 +0000

Stablecoins have seen massive volume and growth this month especially after the market carnage on March 12. Per usual, tether has been the king of stablecoins following the market downturn, but the 4.6 billion USDT wasn’t enough for all the liquidity needed to shield the storm. Other tokens pegged to the U.S. dollar like USDC, […]

The post Traders Flock to Tether, USDC, PAX – Stablecoins See Great Demand After Crypto Market Havoc appeared first on Bitcoin News.

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