[ad_1] In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images…
Tag: stablecoin
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums – Market Updates Bitcoin News
[ad_1] On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC…
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data – The Daily Hodl
[ad_1] Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) to Dai (DAI) as uncertainty spread in the stablecoin market this weekend, on-chain data shows. According to blockchain…
USDC Stablecoin Depegs, Crypto Market Goes Haywire After Silicon Valley Bank Collapses
[ad_1] The cryptocurrency crisis went into high gear early Saturday as Silicon Valley Bank’s (SVB) failure caused some of the industry’s core plumbing to go haywire. In the aftermath, Treasury…
Circle assures market after stablecoin USDC breaks dollar peg
[ad_1] LONDON, March 11 (Reuters) – Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday before recovering most of its losses after Circle,…
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
[ad_1] Logo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023. Staff | Reuters The U.S. cryptocurrency firm Circle’s USD Coin lost its…
Crypto shaken as SVB exposure depegs key stablecoin
[ad_1] California: The second-largest stablecoin in crypto fell from its intended $1 peg on Saturday, trading as low as 81.5 cents, hurt by the exposure of issuer Circle Internet Financial…
Circle’s stablecoin banked at SVB and guess what happened next
[ad_1] There’s no business like the stablecoin business. People lend you money expecting nothing more than to get it back, one-for-one. All you have to do is place their money…
The SEC has a stablecoin firm in its sights — and it could shake up the whole $137 billion market
[ad_1] Paxos has been ordered by New York regulators to stop issuing the Binance USD (BUSD) stablecoin. Jakub Porzycki | Nurphoto | Getty Images The U.S. Securities and Exchange Commission…