Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,404,609,410,019.67
  • 24h Vol: $55,478,542,091.54
  • BTC Dominance: 56.53%

GUSD

stablecoin-supply-shift:-tusd-jumps-110%-while-others-experience-reductions

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions

Leave a Comment / Altcoins, Avalanche, binance chain, Bitcoin, Blockchain, Circulation, Coins, Crypto Hacked, Cryptocurrencies, Cryptocurrency, depegging event, Ethereum, Federal Reserve, future, Gemini Dollar, GUSD, market, minting, redemption rate, Signature Bank, Silicon Valley Bank, stablecoin assets, Stablecoin Tokens, Stablecoins, Statistics, supply reductions, Tokens, tron, trueusd, tusd, usd coin, USDC, USDD / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins […]

Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions Read More »

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Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply

Leave a Comment / Altcoins, Assets, Binance, Bitcoin, BUSD, Circulation, Crypto Hacked, Cryptocurrency, DAI, Ethereum, FRAX, Global, GUSD, increase, liquity, LUSD, makerdao, market, Market Capitalization, Nansen, Proof of Reserves, redemption, reduction, Stablecoin Economy, Stablecoin Market, Stablecoins, Statistics, Supply, Tether, Top 10 stablecoins, Top 5 stablecoins, trade, tusd, USDC, USDD, USDP, USDT, valuation, volume / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

According to statistics, on March 26, the stablecoin economy was valued at $135 billion, with the top stablecoins representing $31.8 billion or 75% of the $42.17 billion in 24-hour global trade volume across the entire crypto market. In the last two weeks since March 11, 7.06 billion USDC and 351.57 million BUSD have been redeemed.

Stablecoin Market Sees Fluctuations With Some Coins Gaining and Others Reducing Supply Read More »

usdc-stablecoin-nears-parity-with-usd-after-fed’s-bailout-announcement

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement

Leave a Comment / Bitcoin, BNY Mellon, Circle CEO, Crypto Hacked, crypto swaps, Cryptocurrency, DAI, depegging, Economy, Ethereum, Fed, Federal Reserve, Financial regulators, fractional banking system, FRAX, Global Trade Volume, GUSD, Jeremy Allaire, liquidity operations, LUSD, market confidence, Market Values, minting, News, potential, public statement, redemption, reserves, risks, SEN network, Settlements, Signature Bank, Signet, Silicon Valley Bank, Stability, Stablecoin, Twitter, US Central Bank, USD, USDC, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank.

USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement Read More »

usdc-dominated-trading-volume-on-decentralized-exchanges-amidst-depegging-incident

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Leave a Comment / Auto-Conversion, Binance, Bitcoin, BitPay, Coinbase, coingecko.com, Crypto, Crypto Hacked, Crypto.com, Cryptocurrency, Curve, DAI, decentralized exchange, depegging, DEX, Ethereum, FRAX, Global Trade Volume, GUSD, Kraken, KuCoin, Market Updates, MIM, Pancakeswap, Pancakeswap v2, Payment processor, Stablecoin, Stableswap, Tether, trading, uniswap, uniswap v3, US Dollar, USDC, wrapped ether / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether,

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident Read More »

usdc-stablecoin-depegging-causes-concern-among-crypto-advocates,-5-other-stablecoins-slip-below-parity

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

Leave a Comment / Banking, Binance, Bitcoin, BitPay, Blockchain, Cash, Circle, Circle Financial, Circle USDC, Coinbase, Crypto, Crypto Hacked, Crypto.com, Crypto.com USDC, Crypto.com USDC suspension, Cryptocurrency, DAI, Decentralized, depegging, Digital Assets, Ethereum, Exchanges, Finance, Fintech, FRAX, GUSD, Investors, Liquidity, Market Capitalization, market volatility, News, Regulation, risk management, Silicon Valley Bank, Stablecoin, SVB, SVB deposits, Tether, trading, USD parity, USDC, USDC Depeg, USDC depegging, USDD, USDP / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET)

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity Read More »

ebb-and-flow-of-stablecoin-economy-continues-with-busd’s-market-cap-dropping-below-$10-billion-range

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range

Leave a Comment / Altcoins, Bitcoin, Blockchain, BUSD, BUSD supply, Crypto, Crypto Hacked, Cryptocurrency, cryptocurrency market, DAI, Decentralized, depegging, Digital Assets, Digital Currency, Digital Tokens, Economy, Ethereum, Finance, Financial Technology, fluctuation, FRAX, GUSD, investment, Market Capitalization, Peer-to-peer, Stablecoin Economy, Stablecoin Tokens, Stablecoins, Supply, Terra, Trading Volume, tusd, USDC, USDD, USDP, USDT, valuation, Virtual Currency / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

The realm of stablecoins is an ever-evolving landscape and the number of coins in circulation for the stablecoin BUSD has fallen below the 10 billion mark to approximately 9.68 billion on March 3, 2023. Over the last 30 days, BUSD’s token supply has dropped 40% lower. In contrast, the number of tethers in circulation has

Ebb and Flow of Stablecoin Economy Continues With BUSD’s Market Cap Dropping Below $10 Billion Range Read More »

stablecoin-market-in-flux:-more-than-$2-billion-in-usdc-redemptions-in-30-days

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days

Leave a Comment / 12.9%, 8 out of 10 trades, 81.4%, Altcoins, Bitcoin, BUSD, Circulation, contrasting picture, crypto economy, Crypto Hacked, Cryptocurrency, DAI, Decrease, dominant, Ethereum, FRAX, future, GUSD, increase, Market Capitalization, Monitoring, overall valuation, redemption, regulatory challenges, Stablecoin, stablecoin assets, Stablecoins, Statistics, Tether, third-largest, Top Ten, trade volume, trends, tron, tusd, usd coin, USDC, USDD, USDP, USDT, Value / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

It appears that the circulation of the stablecoin usd coin has decreased while tether’s has grown, as the latest statistics paint a contrasting picture. Tether saw a 3% increase in coins in circulation over the last month, while the U.S. dollar-pegged crypto asset usd coin recorded a decrease of approximately 4.9% in the same time

Stablecoin Market in Flux: More Than $2 Billion in USDC Redemptions in 30 Days Read More »