Stablecoins News

Illiquid Bitcoin supply spiked over last week, while the top four stablecoin dominance beat Ethereum's.

Reports revealed that the seizure was carried out following orders of law enforcement agencies.

USDT, USDC, DAI all drop below $1 as market forces effect stablecoins across the industry

Circle CEO said the firm has a little equity in FTX and other crypto exchanges like Kraken, BinanceUS etc.

Terra's UST implosion impacted trust in other stablecoins and the broader crypto market.

Euro Stasis chose XRPL because of its scalability, speed and cheap transaction costs.

FTX founder Sam Bankman-Fried said that the Second Great Stablecoin War had begun following Binance-backed BUSD's supply growth.

One of the key areas of centralization is found with the various stablecoins that make up a large portion of the DeFi economy.

Andrew Griffith's proposal seeks to include crypto assets as part of services to be regulated by the Financial Services and Markets Act. 

MakerDAO will earn approximately $24 million from Coinbase Prime's 1.5% rewards.

Tether's (USDT) market share stood at 90% in 2020 but has since called to roughly 50% as other stablecoins gained ground in the industry.

Acting FDIC Chairman Martin Gruenberg said that stablecoins could disrupt the banking system if properly regulated and integrated into the mainstream economy.

In July, the cryptocurrency market cap reached a low of $903 billion, but it recovered significantly in Q3 and reached $1.2 trillion in August.

Tether said it has cut its commercial paper to zero, and will invest more in U.S. Treasury Bills and short-term government-issued debt.

The proposal has led to increased interest in USTC and other Terra classic ecosystem tokens.

As of Sept. 30, Tether holds 58.1% of its reserve assets in U.S. Treasury bills, while aggressively reducing its commercial paper exposure to below $50 million.

Powell said that central banks will always be the main trust anchor behind money and stablecoins borrow the trust from the underlying issuer.

The eAUD will be available on a private, permissioned instance of the Ethereum blockchain for testing retail and wholesale use cases.