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Stablecoin News: After Tether, Circle’s $5 Billion USDC Issuance Comes Under scrutiny

November 29, 2021 Bitcoin, BTC, BTCBRL, BTCBUSD, BTCDAI, BTCEUR, BTCGBP, BTCJPY, BTCKRW, BTCMXN, BTCNGN, BTCPAX, BTCRUB, BTCTRY, BTCTUSD, BTCUSD, BTCUSDC, BTCUSDT, BTCXRP, BTCZAR, Circle, News, Stablecoin, Stablecoin News, Tether, USDC, USDDAI, USDEOSDT, USDGUSD, USDIDRT, USDPAX, USDT, USDTDAI, USDTEUR, USDTPAX, USDTTUSD, USDTUSD, USDTUSDC, USDUSDC Eddy 0

Tether’s $1 Billion USDT print this week raised many eyebrows amid US federal agencies’ plan to tighten their scrutiny around stablecoin issuers. The major concern for authorities lies with the issuance backings that have been found misleading in the past. After Tether, now Circle’s latest $5 billion USDC has come under scrutiny. Circle has issued […]

Stablecoin Economy Surges Past $150B, Stablecoins Command Over 50% of Global Crypto Trade Volume

November 26, 2021 Altcoins, BUSD, CoinGecko, Cryptocompare, DAI, Fiat Tokens, Fiat-Pegged, FRAX, GUSD, Stablecoin, Stablecoin Caps, stablecoin trades, Stablecoin Trading, Stablecoin Volumes, Stablecoins, SUSD, Tether, Tether (USDT), trade volume, tusd, USDC, USDT Eddy 0

A great number of digital currencies have swelled in value this year and as the end of 2021 approaches, the market capitalization of all 11,000+ crypto assets in existence is roughly $2.6 trillion. These days, it’s safe to say that dollar-pegged tokens, otherwise known as stablecoins, have a strong presence in the crypto market. Today […]

Tether to work with regulators to address stablecoin concerns

November 26, 2021 lawmakers, News, Regulators, Tether, USDT Eddy 0

Sen. Sherrod Brown has sent letters to stablecoin issuers and crypto exchanges requesting information on how they are protecting consumers and investors. Tether in response to the press release issued by Sen. Brown Tether has assured that they would be working with lawmakers to improve the industry. The recent surge of the crypto market value […]

US Senator Asks Coinbase, Gemini, Binance, Tether How They’re Protecting Consumers

November 25, 2021 Binance, Binance US, Circle, Coinbase, crypto exchanges, cryptocurrency exchanges, Gemini, Regulation, Sherrod Brown, stablecoin issuers, Stablecoins, Tether, us senator, USDC, USDT Eddy 0

U.S. Senator Sherrod Brown has sent letters to cryptocurrency exchanges and stablecoin issuers, including Coinbase, Gemini, Binance, and Tether, asking how they are protecting consumers and investors. “I have significant concerns with the non-standardized terms applicable to redemption of particular stablecoins,” the senator said. US Senator Raises Concerns Regarding Stablecoins U.S. Senator Sherrod Brown (D-Ohio), […]

Bitcoin Dominance Slides Below 40% for First Time in 6 Months

November 25, 2021 ADA, BCH, Bitcoin (BTC), Bitcoin Dominance, BNB, BTC, BTC Dominance, Cryptocurrencies, dogecoin, ETH, ETH dominance, Ether dominance, Ethereum, Ethereum (ETH), Market Updates, SOL, Solana, USDT, XRP Eddy 0

During the last week, the price of bitcoin has been hovering below the $60K range and digital currency advocates are wondering which way the market is headed next. At the time of writing, the crypto economy is valued at $2.81 trillion and bitcoin’s market dominance has sunk below the 40% region for several days now. […]

Ethereum Has Burned More Than a Million ETH Over the Last 3 Months

November 24, 2021 Blockchain, Burn Rate, deflationary, eip-1559, ETH, ETH fees, ETH Markets, ETH Transfers, ether, Ethereum, Ethereum (ETH), Fee Burn, Fees, Fees Spike, Hard Fork, London, London fork, London upgrade, Opensea, ruleset change, Stablecoins, Technology, Tether, uniswap, USDC, USDT Eddy 0

111 days ago, the Ethereum network implemented the London hard fork upgrade which added a mechanism (EIP-1559) that changed Ethereum’s fee rate to a new scheme that makes the crypto asset ether deflationary. Since then 1 million ether has been burned or the equivalent of around $3.8 billion worth of ethereum using today’s exchange rates. […]

Largest Stablecoin by Market Cap Tether Launches on the Avalanche Network

November 10, 2021 Algorand, Altcoins, Avalanche, Avalanche Foundation, Avalanche network, AVAX, bitcoin cash, Emin Gün Sirer, EOS, Ethereum, Liquid, Omni Layer, Paolo Ardoino, Solana, Stablecoin Tethers, Tether, Tether Limited, Tron, usd coin, USDC, USDT, USDT AVAX Eddy 0

The largest stablecoin by market capitalization, tether has announced the launch of tethers on the Avalanche blockchain protocol. The stablecoin tether has launched a myriad of blockchain networks and today there’s more than 74.8 billion tethers in circulation today. Tether Launches on Avalanche On Wednesday, Tether Operations Limited, the firm that issues the stablecoin asset […]

Tether launches USDT stablecoin on the Avalanche blockchain

November 10, 2021 Avalanche, AVAX, Blockchain, Stablecoins, Tether, USDT Eddy 0

Tether has launched its USDT stablecoin on the Avalanche blockchain after first announcing its support in May. The launch comes as Avalanche’s ecosystem is growing at a rapid pace. The total value locked (TVL) in Avalanche-based DeFi protocols has increased dramatically over the past three months — from around $300 million in August to over […]

Stablecoin Valuations Continue to Swell, MIM and MUSD Market Caps Increase by Triple-Digits in 30 Days

November 6, 2021 Altcoins, DAI, dollar-pegged tokens, KLIMA, Magic Internet Money, MakerDAO, MIM, MUSD, OHM, rebase tokens, Stablecoin, Stablecoin Caps, stablecoin circulation, Stablecoin markets, Stablecoins, Terra, TerraUSD, Tether, time, trade volume, USDC, USDT Eddy 0

In mid-October, the market capitalization of all the stablecoins in existence was $134 billion and during the last three weeks, the valuation has increased by 5.59% to $141.5 billion. While terrausd’s market cap jumped by 6.7% over the last month, the stablecoin DAI saw an increase of 27.3% in 30 days. The largest stablecoin by […]

An In-Depth Look at Olympus DAO Protocol and the Not-So-Stable Stablecoin OHM

November 1, 2021 Bonding, DAI, DAO, DeFi, FRAX, MakerDAO, OHM, OHM Stablecoins, OHM token, olympus DAO, Olympus DAO development, Olympus DAO team, ponzi scheme, reserve currency, Smart Contact Vulnerabilities, Stablecoins, staking, Tether, Top Stablecoins, US Dollar, USD, USDC, USDT, Zeus Eddy 0

In mid-October, Bitcoin.com News reported on how decentralized finance (defi) or algorithmic stablecoins have seen significant demand in 2021. One particular stablecoin called OHM is quite different from the traditional reserve currency defi protocols today, as OHM is a free-floating currency backed only by what’s held in the Olympus DAO treasury. OHM may not be […]

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