Stablecoins
Amid stablecoin turbulence, Djed to expand to Ethereum, Binance Smart Chain
Djed's stability during recent turbulence prompted DeFi protocols to request the stablecoin go multichain.
Samuel Wan 2 min read
Stablecoins News
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Stablecoins
Binance CEO highlights USDT growth amidst rival issues
USDT's supply has grown by more than 10% in the last 30 days to $76.97 billion, according to CryptoSlate data.
Stablecoins
Marqeta’s Mastercard will power Australian prepaid crypto card from Stables
Mastercard will reportedly power the card for Australian stablecoin firm Stables, as announced by Marqeta in a March 20 press release.
Latest Stablecoins News & Analysis
Stablecoins
DAI supply has fallen by 13% this week
The sharp drop in demand has been followed by an uptick in demand for other stablecoins, like USDT.
Stablecoins
USDC in circulation fell over 10% since de-peg event
Meanwhile, the largest stablecoin by market capitalization USDT has experienced an 8.7% increase in supply.
Analysis
US Banks borrow record-high $164.8B from Fed backstop facilities
Meanwhile, Circle's USDC stablecoin maintains $1 peg despite recent banking contagion and widespread fear in the banking sector.
DeFi
Maker passes first vote to increase U.S. Treasury bond holdings to $1.25B
An executive vote is required before the change is deployed to the DAI protocol.
Scams
Scam warning: Circle phishing campaign promises fake USDC DeFi swap
The scam attempts to capitalize on USDC's post-depeg recovery.
Stablecoins
Circle says substantially all USDC minting, redemption backlogs are resolved after wild week
“Trust, safety, and 1:1 redeemability of all USDC in circulation is of paramount importance to Circle," CEO Jeremey Allaire said.
