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The total crypto market capitalization recovered roughly 5%, but a variety of trading metrics show investors are skeptical about the rally being a trend change. Go to Source Powered by WPeMatico
Conflicting Bitcoin derivatives data shows leverage traders bullish, while pro traders fear a deeper correction below $29,000. Go to Source Powered by WPeMatico
Following the company launching a fiat-pegged tied to the value of the Mexican peso, Tether, the stablecoin issuer has announced the firm has launched tether tokens on the Polygon network. The Polygon integration follows the stablecoin being added to the Avalanche and Kusama blockchain networks. Tether Joins the Polygon Blockchain Ecosystem The largest stablecoin by … Read more
Through a peso-backed stablecoin, Tether is basically “recreating forex markets with Tether products,” Ardoino said. Go to Source Powered by WPeMatico
The stablecoin issuer Tether Operations Limited has announced the company has launched a new fiat-pegged token tied to the value of the Mexican peso. According to the team the newly launched MXNT tokens will be initially hosted on Ethereum, Polygon, and Tron. MXNT Stablecoin Is Pegged 1:1 to the Mexican Peso The stablecoin and blockchain … Read more
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also released an assurance report on its stablecoin reserves via the Cayman Islands auditing company MHA Cayman. Circle CEO Says Firm’s … Read more
Spoiler: No, stablecoin issuers do not guarantee the legal right for users to claim fiat currency back. Go to Source Powered by WPeMatico
Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. Go to Source Powered by WPeMatico
The quest continues for the perfect “stand in” for the U.S. dollar. But, UST’s crash suggests that algo stables may be “inherently fragile.” Go to Source Powered by WPeMatico
DAI has been around since 2017, which no algo stablecoins has ever matched, and it’s unlikely to share the fate of UST. Go to Source Powered by WPeMatico
