The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?
About 72.43% of the community votes went against CoinShares’ proposal to invest MakerDAO’s funds into various traditional assets
There are a number of benefits associated with tokenized government bonds, yet adoption may take time.
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.
Across crypto and fiat, many consumers are making a fatal error: they’re letting their assets sit idle in accounts without earning interest.
According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks.
‘Djed’ is set to go live in Jan. 2023, after a successful audit and a series of rigorous stress tests
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
The stablecoin operator said the reliability of its reserves is important to highlight “at a time like this.” Tether has historically had issues with transparency.
The audit tracked efforts to defend the UST peg May 8-12 and no found wrongdoing. LFG used the data to draw conclusions about frozen funds.