Stablecoins

There is turmoil in the stablecoin world. Binance USD and USD Coin are the behemoths of the dollar-backed market of the crypto-verse. But, the recent Silvergate crisis and the fall of the banks following it has triggered a domino effect that is withering the market caps of Binance USD and USD Coin. Meanwhile, TMS Network (TMSN), the new DEX in business, has been on a winning spree. The positive sentiment behind TMS Network (TMSN) is now so powerful that its market cap may soon rival that of stablecoins like Binance USD…

Stablecoin USD Coin (USDC) lost its dollar peg and slumped to an all-time low on Saturday after Circle, the U.S. firm behind the coin, revealed that some of the reserves backing it were held at Silicon Valley Bank.Circle has $3.3 billion of its $40 billion of USDC reserves at collapsed lender Silicon Valley Bank, the company said in a tweet on Friday.The coin broke its 1:1 dollar peg and fell as low as $0.88 shortly after 0800 GMT on Saturday according to market tracker CoinGecko. It recovered slightly to trade around…

The world of stablecoins is suddenly looking shaky.Seismic shifts may be afoot in the $137 billion market after New York-based Paxos Trust Company, which mints Binance's stablecoin, said it would cease issuing new BUSD tokens after U.S. regulators labeled the asset an unregistered security. The U.S. move has left investors questioning the future shape of the market for stablecoins, tokens that are usually backed by traditional assets like dollars and U.S. Treasuries to tame the wild swings that characterize…

The article will suggest you the top 10 stablecoins to buy in the beginning of 2023 Stablecoins are becoming more and more well-liked every year. They blend the finest features of cryptocurrency and fiat money. Because stablecoins are typically pegged to fiat currencies, their prices are rather predictable. Since they are less volatile than other cryptocurrencies. Stablecoins, however, are still classified as cryptocurrencies, making them appropriate for almost instantaneous cross-border transactions and independent of…

It has been a tumultuous year for the crypto world, which saw huge erosion in value, the Ethereum Merge, scrutiny from regulators, the crash of one of the world’s biggest exchanges, and more. Like stocks, the value of several cryptocurrencies rose quickly during the Covid-19 pandemic in 2021. But the excitement waned this year, causing crypto prices to return to Earth. A series of collapses, culminating in the failure of FTX in November, did little to calm jittery investors. The market value of Bitcoin, the most popular…

Bitcoin registered a loss of 1.50 percent on national and international exchanges on Friday, and the oldest cryptocurrency was trading at the price point of $17,406 (roughly Rs. 14.4 lakh). BTC, in the last 24 hours, has effectively lost up to $328 (roughly Rs. 27,168) to trade at current prices. The cryptocurrency, so far in the last two months, has not been managed to trade above the level of $18,000 (roughly Rs. 14.90 lakh). More losses than gains were recorded on the crypto price charts, as the market opened for trade…

Investment is flowing out of stablecoins into assets like US Treasuries in response to prevailing macroeconomic conditions, according to Circle Internet’s CEO Jeremy Allaire. Investment is flowing out of stablecoins into assets like US Treasuries in response to prevailing macroeconomic conditions, according to Circle Internet Financial Ltd.'s Chief Executive Officer Jeremy Allaire. Rising interest rates have led institutions to rethink how much exposure they want to crypto and instead purchase lower-risk assets like…

Ephrat Livni / New York Times: The US Treasury releases a digital assets report asking Congress for more resources to police crypto, regulate stablecoins, legislate crypto tokens, and more — The Financial Stability Oversight Council said that the growing crypto market could pose risks to the broader financial system. Ephrat Livni / New York Times: The US Treasury releases a digital assets report asking Congress for more resources to police crypto, regulate stablecoins, legislate crypto tokens, and…

This article features the top ten cryptocurrency prices today on September 14, 2022 The total crypto market volume over the last 24 hours is US$100.65 billion, which makes a 12.94% increase. Major cryptocurrencies like Bitcoin, Ethereum and more are doing marginally better. Here are the top 10 cryptocurrency prices you should check before investing. Analytics Insight lists the top 10 current cryptocurrency prices on September 14, 2022 Bitcoin (BTC)- US$20,390.96 (down by 0.11%) Ethereum (ETH)- US$1,613.67 (down by 0.73%)…

Binance founder and CEO Chinese-born Canadian Changpeng Zhao, who also goes by CZ, is a prolific tweeter, but all his talk of “courage” all seems to point to attempts to corner the market.Photo: ERIC PIERMONT/AFP (Getty Images)In a few weeks’ time, stablecoin holders on Binance will find their crypto doesn’t carry the same name, or the same price, as it had previously. The exchange effectively told its users it’ll be digging its long, thin fingers into each of their wallets, taking out their old crypto, and replacing it…