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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.

binance - usdc

Binance will stop supporting rival stablecoin USDC

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Binance, the issuer of the world’s third-largest stablecoin, said on Monday that, beginning on September 29, it would convert customers’ holdings in USD Coin (USDC), Pax Dollar (USDP), and True USD (TUSD) into its own stablecoin (BUSD) in an effort to “improve liquidity and capital-efficiency for consumers.”, a decision that has perplexed many crypto fans. As a result of the move, the world’s largest crypto exchange...

Front page, News, Stablecoins

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Argentines rush to buy stablecoins after economy minister's resignation

Argentines rush to buy stablecoins after economy minister’s resignation

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Stablecoins rose in value over the weekend as a result of the peso’s steep decline in Argentina. The peso fell roughly 15% versus stablecoins DAI and Tether on many major local markets after Guzman’s departure. Over the weekend, the value of both stablecoins jumped from 245 pesos to 280 pesos. Consumers purchased up to three times as many stablecoins as normal over the weekend, according to major cryptocurrency exchanges, as...

Cryptocurrencies, Exchanges, Front page, News, Stablecoins

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ust depeg

UST Update: Sustaining $1 Parity Amidst Macro Turmoil

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$UST token, Terra ecosystem stablecoin, has struggled to maintain parity with the dollar. The UST market has been volatile today, as traders scramble to adjust their portfolios in the face of macroeconomic uncertainty. The price of UST hit a low of $0.9857 on Binance against USDT, before recovering slightly to $0.995 at the time of writing. This trading pair is the most voluminous for UST, with $1.36 billion in volume reported in the past...

Cryptocurrencies, Front page, News, Stablecoins

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cardano - top 5 projects

5 Cardano Projects You Need to Check Out

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Cardano is one of the cryptocurrencies that are making waves in the market today. Many people are investing heavily in cryptocurrencies as they see potential in this technology. Cardano has a market cap of $2.8 billion, which makes it one of the top 10 most valuable cryptocurrencies. Cardano is a third-generation blockchain and smart contract platform that utilizes the Proof of Stake protocol. It was created by Charles Hoskinson,...

DEX, Featured, Stablecoins

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Tron’s answer to Tether

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USDD is a new algorithmic stablecoin issued on the Tron blockchain. In a recent turn of events, USDD stablecoin has been launched on the Tron blockchain. The stablecoin is designed to fight against inflation as a store of value. USDD is said to be “Tron’s answer to Tether”. It is pegged 1:1 to the US Dollar and can be used for transactions on Tron and DApps. It was built using Tron Virtual Machine and runs on Tron...

Cryptocurrencies, Front page, News, Stablecoins

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