Bookmarking Crypto Insights
Auto Added by WPeMatico
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the … Read more
As stablecoins become widely used as a means of payment, Australia is preparing to regulate them accordingly. Go to Source Powered by WPeMatico
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins. Go to Source Powered by WPeMatico
While CBDCs will cater to local demands, cooperation between countries could facilitate and support the widespread adoption of readily-available stablecoins. Go to Source Powered by WPeMatico
BTC whales and market makers are holding their leveraged long positions, even though BTC failed to break above $17,400 on Dec. 5 Go to Source Powered by WPeMatico
The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins? Go to Source Powered by WPeMatico
About 72.43% of the community votes went against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets Go to Source Powered by WPeMatico
There are a number of benefits associated with tokenized government bonds, yet adoption may take time. Go to Source Powered by WPeMatico
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 … Read more
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion. Go to Source Powered by WPeMatico