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3232USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity
https://www.digit.info/usdc-stablecoin-depegging-causes-concern-among-crypto-advocates-5-other-stablecoins-slip-below-parity/
Sat, 11 Mar 2023 17:49:55 +0000https://www.digit.info/2023/03/11/usdc-stablecoin-depegging-causes-concern-among-crypto-advocates-5-other-stablecoins-slip-below-parity/Read more]]>On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) […]
]]>Terra Supporters Hope to ‘Defy the Odds’ by Pumping the Now-Defunct Stablecoin USTC Back to $1 Parity
https://www.digit.info/terra-supporters-hope-to-defy-the-odds-by-pumping-the-now-defunct-stablecoin-ustc-back-to-1-parity/
Mon, 28 Nov 2022 17:05:49 +0000https://www.digit.info/2022/11/28/terra-supporters-hope-to-defy-the-odds-by-pumping-the-now-defunct-stablecoin-ustc-back-to-1-parity/Read more]]>It’s been six months since Terra’s algorithmic stablecoin UST (now USTC) depegged from the U.S. dollar and the price has remained depegged from the greenback since May 9, 2022. Currently, the former stablecoin is exchanging hands for $0.02 per unit, but a number of Terra Classic supporters believe there’s a chance USTC can regain its […]
]]>Huobi Global to Delist HUSD — Stablecoin Slips Below $1 Parity to $0.89
https://www.digit.info/huobi-global-to-delist-husd-stablecoin-slips-below-1-parity-to-0-89/
Fri, 28 Oct 2022 13:00:27 +0000https://www.digit.info/2022/10/28/huobi-global-to-delist-husd-stablecoin-slips-below-1-parity-to-0-89/Read more]]>On Thursday, the cryptocurrency exchange Huobi Global announced that the trading platform plans to delist the stablecoin HUSD and the delisting will begin at 08:00 (UTC) on October 28, 2022. Furthermore, users with HUSD held on the exchange will see their balances auto-converted to the stablecoin asset tether and the exchange expects to complete the […]
]]>Another Stablecoin Fluctuates Wildly as HUSD Slips Below USD Peg to $0.82 per Token
https://www.digit.info/another-stablecoin-fluctuates-wildly-as-husd-slips-below-usd-peg-to-0-82-per-token/
Thu, 18 Aug 2022 18:30:52 +0000https://www.digit.info/2022/08/18/another-stablecoin-fluctuates-wildly-as-husd-slips-below-usd-peg-to-0-82-per-token/Read more]]>The stablecoin HUSD, originally associated with the crypto exchange Huobi Global, lost its peg with the U.S. dollar on Wednesday, August 17, and it dropped even lower in value the following day on Thursday, August 18. On Thursday, Huobi addressed the public on Twitter and the exchange said “we are aware of the current liquidity […]
]]>Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
https://www.digit.info/another-stablecoin-depegs-from-usd-parity-polkadot-based-ausd-loses-98-in-value/
Sun, 14 Aug 2022 20:30:13 +0000https://www.digit.info/2022/08/14/another-stablecoin-depegs-from-usd-parity-polkadot-based-ausd-loses-98-in-value/Read more]]>2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was […]
]]>Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High
https://www.digit.info/euro-reaches-parity-against-the-us-dollar-while-the-usd-index-taps-a-20-year-high/
Wed, 13 Jul 2022 20:54:44 +0000https://www.digit.info/2022/07/13/euro-reaches-parity-against-the-us-dollar-while-the-usd-index-taps-a-20-year-high/Read more]]>Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the […]