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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, to...

$MAI, $USDC, $VELO, Optimism, 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 volatility. Criteria No...

$NEAR, $USDC, $USDT, dApps, Front page, Stablecoins, Staking

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Tether swaps CP for US Treasuries

Tether swaps CP for US Treasuries

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Tether, the company behind USDT, the most valuable stablecoin on the crypto market at $69 billion, has sold all of its commercial paper. The bulk of the company’s reserve assets are now invested in U.S. Treasury Bills. T-Bills are Treasury-backed, short-term U.S. government debt obligations having maturities of one year or less. USDT Assets – Tether The popular cryptocurrency tied to the U.S. dollar said that the move is part...

$USDT, Cryptocurrencies, Front page, News, Stablecoins

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Circle adds 5 new blockchains after Binance delisting

Circle adds 5 new blockchains after Binance delisting

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On Wednesday, Circle, the firm behind the second biggest stablecoin in the world, said that it will be expanding USDC‘s availability to five more blockchains. The company behind USD Coin (USDC) and Euro Coin (EUROC), Circle Internet Financial, has shared plans to expand into five other major blockchains. In early 2023, Circle intends to introduce its stablecoin on the following blockchains: Arbitrum, Cosmos, NEAR, Optimism, and Polkadot....

$USDC, Binance, COSMOS, Cryptocurrencies, Front page, News, Stablecoins

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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...

$BUSD, $USDC, Binance, Front page, News, Stablecoins

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