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Tag: Stablecoins

A stablecoin is a fiat-backed cryptocurrency that has a value pegged to another stable asset, such as the US dollar.

Telegram - Tether USDT

How Telegram’s Tether Integration Boosts Crypto Adoption

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In Brief: Telegram has added support for Tether (USDT), the world’s largest stablecoin, on its wallet bot. Users can now send and receive USDT directly from their chats, as well as buy, swap, and make P2P trades with the stablecoin. Telegram chose to integrate USDT on Tron because of its compatibility with its wallet bot and its low fees and fast transactions. The integration of USDT on Telegram boosts crypto adoption by...

Altcoins, Crypto adoption, Front page, Main, Stablecoins

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USDC repegs crypto markets recover

USDC Stablecoin Recovers Dollar Peg

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In Brief: Bitcoin’s price has surpassed $23,000 due to recent banking issues in the United States, leading to an increase in demand for cryptocurrency. USDC, a stablecoin, has regained its dollar peg after experiencing a period of chaos due to a banking problem in Silicon Valley. The correlation between US banking problems and the surge in cryptocurrency prices raises questions about the future of the traditional banking...

Cryptocurrencies, Front page, Main, Stablecoins

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Circle's USDC goes to war with USDT

Circle goes to war with Tether

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In a recent blog post on the Coinbase website, the company said that it is going to fight Tether, a controversial stablecoin that has been linked to scandals and problems for a long time. Tether has been under scrutiny for years due to its questionable relationship with the Bitfinex exchange and its lack of transparency regarding its backing. This has led to concerns about whether Tether is actually backed by the US dollar, as it claims to...

Cryptocurrencies, Front page, Main, News, Stablecoins

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velodrome finance

Yield Farming Opportunity on Optimism – Earn up to 9.20% APY on stablecoins MAI and USDC — with Velodrome or Beefy Finance

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Optimism pool is currently offering an annual percentage yield of 8.50% on stablecoins with a low risk profile due to their similar peg. Yield Farming on Velodrome Supply $MAI and $USDC on Velodrome. You will obtain sAMM-USDC/MAI LPs, or pooled liquidity.  Stake the LP tokens into the gauge for yielding rewards in the platform’s governance token, $VELO. You can exchange half of the VELO token for USDC and the other half in MAI,...

Stablecoins, Staking, Yield farming

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Earn stablecoins with staking

Great places to earn stablecoins with staking

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The days of staking stablecoins are still pretty new and uncertain. As a result, there are some challenges for earning stablecoins with staking as some (such as $USDT) may not be able to be staked on any exchange at the moment. While this may not be the best time to stake stablecoins, there are still some options available. We’ll take a look at these options and how they can help you earn stablecoins while avoiding the risk of...

dApps, Front page, Stablecoins, Staking

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