Bitcoin outpaces stablecoins in market cap growth
Surging Stablecoin Supply Ratio points to Bitcoin's growing market dominance.
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Surging Stablecoin Supply Ratio points to Bitcoin's growing market dominance.
Andjela Radmilac 3 min read
The intervention comes in the wake of a security breach that led to a significant loss of funds across multiple decentralized applications (dApps).
According to S&P Global, USDC emerges as a leading stablecoin owing to low-risk asset backing, while USDT's insufficient reserve details gave analysts pause.
Despite minor hiccups, initial research shows promise for the island nation's Ripple-powered CBDC program.
Binance attributed the trading anomaly to markets misunderstanding the nature of the token, while Anchored Coins warns of scammers impersonating its accounts.
The stablecoin has a maximum total supply of 10.5 million and its reserves will be fully collateralized by cash reserves and high-quality securities.
The company told CryptoSlate it was also building new financial products set to be launched next year.
Binance is preparing its users for the end of BUSD and the transition to FDUSD.
FSRA's provisional nods set Paxos on course to issue stablecoins and expand digital services in Abu Dhabi.