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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.

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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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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