Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,418,831,872,111.06
  • 24h Vol: $60,623,639,886.56
  • BTC Dominance: 56.52%

LUSD

stablecoin-market-sees-fluctuations-with-some-coins-gaining-and-others-reducing-supply

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. […]

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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.

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