Exchanges
Wallets connected to FTX transfer over $100M stablecoins to exchanges
Lookonchain said the wallets making the transactions were used to collect FTX's assets after it crashed in November 2022.
Oluwapelumi Adejumo 2 min read
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Stablecoins
TUSD’s supply crosses $2B amid banking woes for stablecoin rivals
TrueUSD (TUSD) holds $852.27 million at the embattled Signature Bank, according to its real-time reserves data.
Bankruptcy
Circle says USDC operations unaffected by SVB, Signature closures
Circle said that the $3.3 billion of USDC reserve deposits held at Silicon Valley Bank will be fully available on Monday.
Latest Stablecoins News & Analysis
Stablecoins
Op-ed: Why the USDC depeg is not a reason to panic
We delve into the stability of USDC and analyze crucial factors and risks associated with it.
Stablecoins
Stablecoins rally as Circle announces it will cover all USDC redemptions 1:1
Circle pledges to cover any shortfall in USDC stablecoin assets after Silicon Valley Bank collapse.
Stablecoins
Nine out of top 10 stablecoins trading below peg as USDC contagion spreads – Tether sole survivor
As of press time, almost all of the big stablecoins are struggling with maintaining their peg except for Tether's USDT, which is trading slightly above its peg at $1.01.
Bankruptcy
Crypto Twitter labels Senator Warren ‘tone deaf’ on crypto audits amid SVB meltdown
The community said the tweet was Warren's latest attempt to demonize the crypto industry and called it "tone deaf" amid the banking crisis involving Silicon Valley Bank (SVB).
Stablecoins
USDC depeg – Everything we know so far as contagion spreads from TradFi banking
Coinbase and Binance both suspend USDC conversions until the dollar peg stabilizes, while BlockFi and Avalanche both reveal ties to SVB.
Regulation
SEC Wells Notice, what is it and why more may be coming
On Feb. 3. Paxos received a Wells Notice from the SEC indicating that they were under investigation.
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Stablecoins
BitMEX co-founder Arthur Hayes proposes Bitcoin-backed stablecoin ‘NakaDollar’
Analysis
Silvergate troubles affecting crypto’s USD market depth
Staking
New legal opinion paper looks into the legality of staking services
Stablecoins
