Stablecoins
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USDC’s market share has decreased by more than $10 billion since March 10
It is reported that cryptocurrency investors are fleeing Circle\’s US dollar token (USDC) stable currency, with many turning to Tether, whose market share has reached a 22-month hig
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Terra Luna Classic Upgrades to Advance AI Functionality in the Terra Classic Chain
On March 30, the Terra Luna Classic core development team, Joint L1 Task Force, submitted a plan and budget for the second quarter. One of the plans is to upgrade Luna Classic v2.0
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Coinbase Encourages Developers to Create Stable Currencies: What Does It Mean for Cryptocurrency?
According to reports, Coinbase, the US cryptocurrency exchange, encourages developers working on its new blockchain to focus on creating stable currencies that resist inflation. Co
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Data: 50 million USDCs transferred from the USDC Treasury to Kraken
According to reports, according to WhaleAlert data monitoring, 50000000 USDCs ($50030333) were transferred from the USDC Treasury to Kraken.
Data: 50 million USDCs transferred from -
The Dominance of USDT as Stablecoin in the Cryptocurrency Market
According to reports, according to the latest data from blockchain analysis company Glassnode, as USDC, DAI, and BUSD continue to hit new lows, as well as the continuous increase i
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On March 22, Flex Yang Reveals That HOPE Stablecoin Will Have 110% Reserve Assets
On March 22nd, Flex Yang, the former founder of Babel Finance, stated in the AMA live broadcast that for reasons of trust, the stable reserve assets of stable currency HOPE will be
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TRC20-USDT Circulation and Account Numbers Reach New Heights
According to official news, the circulation of TRC20-USDT exceeded 43.1 billion, setting a record high. The number of accounts held by TRC20-USDT has exceeded 21.58 million.
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Stablecoins USDC and DAI Recover Value After Price Dip
According to the report, according to CoinGecko data, the price of USDC has rebounded to above US $0.98 and is currently at US $0.987856. DAI prices have also risen to above US $0.98 and are currently at US $0.987856. USDC and DAI both rose to above $0.98 Analysis based on this information:The recent volatility in the cryptocurrency market has caused many investors to reassess their portfolios and shift their holdings towards more stable options. As a result, stablecoins have experienced renewed interest in the market. Stablecoins are a type of cryptocurrency that is pegged to a stable asset like the US dollar or other fiat currencies. They are designed to mitigate the inherent price fluctuations of other cryptocurrencies, making them a popular choice for traders looking for stability during uncertain times. CoinGecko, a leading cryptocurrency market data provider, has released a report stating that USDC and DAI, two of the most popular stablecoins in the market, have rebounded after experiencing…
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Do We Need Stablecoins in the Cryptocurrency Market?
According to the news on March 9, Arthur Hayes, founder of BitMEX, wrote an article to express his views on the stable currency of the encryption industry. In t
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GMO-Z.com and Komainu Partner to Provide Secure Custody Services for Stablecoins
On March 6, it was reported that the encryption trust company GMO-Z.com Trust Company reached a cooperation with Komainu to provide security and compliance ins…
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Paxos Treasury destroyed 129756185 BUSD
According to reports, Whale Alert data showed that Paxos Treasury destroyed 129756185 BUSD.
Paxos Treasury destroyed 129756185 BUSD
I. Introduction- Brief overview of the Busd stab -
Paxos Treasury Casts Over $128 Million on Ethereum Network
On March 3, according to the Whale Alert monitoring data, Paxos Treasury cast 128596461.86 USDPs on the Ethereum network at 16:59:47 today, about 128.4 million US dollars.
Paxos ne -
Disparities in Reserves of Stablecoins
On February 22, Nansen data showed that among the current reserves of nearly $3.372 billion, the proportion of USDC rose to 55.78%, about 1.877 billion; Howeve…
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Paxos Treasury Destroys BUSDs: A Move Towards A More Stable Cryptocurrency Market
According to reports, according to Etherscan data, Paxos Treasury destroyed 93823673 BUSDs one hour ago (18:10:47 UTC on February 20).
Paxos Treasury d…
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Decreasing Supply of BUSD and Its Impact on the Cryptoeconomy
On February 20, according to statistics, 28.61 BUSDs have been withdrawn from the market in the past six days, that is, the supply has decreased by 17.77% duri…
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The Enigmatic Platypus and Its Connection to the Axis Infinity, LianGo Protocol, and Circle USDC
7:00-12:00 Keyword: Platypus, Axis Infinity, LianGo Protocol, Circle USDC
Summary of important developments at noon on February 19
Interpretation …
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Binance’s 49.99 Million TUSD Stablecoins
It is reported that the monitoring data of Whales Alert shows that 49.99 million TUSD stable coins have been minted at Binance.
Data: 49.99 million TUS…
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Impact of Paxos’ Decision on BUSD-USDT Trading Pairs
On February 13, according to CryptoCompare data, since Paxos announced that it would stop issuing new BUSD and terminate its partnership with Binance on February 21, the trading vo