Algorithmic stablecoin market share dropped by 10x from ATH: Report
The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most.
The stablecoin market, in general, is going through hard times, though the algorithmic coins suffered the most.
None of the 31 crypto exchanges registered with Japan’s Financial Services Agency are currently offering trading in stablecoins like USDT or USDC.
While on-chain stablecoins settlements are growing rapidly, many people pointed out that comparing stablecoin settlements to Visa transactions is not fair as they represent two different things.
Coinbase’s request comes just a couple of months after Binance ceased support for USDC.
The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?
The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.
The Solana cryptocurrency continues crashing amid the FTX crisis, plummeting 7% on the news of exchanges halting deposits in Solana-based stablecoins.
Despite the 8.5% weekly rally in cryptocurrencies, the lack of stablecoin premiums in Asia and futures markets activity shows buyers’ lack of confidence.
The individual who exploited the protocol intends to keep a 10% bounty of the stolen funds.
TRIP protocol enables ride-sharing companies and drivers to compete for riders, as blockchain enables disruption in existing markets.