TUSD Emerges as a Key Liquidity Provider in Cryptocurrency Markets
🚀💰 TUSD gaining prominence as a crypto liquidity provider! Recent Bitcoin rally driven by TUSD liquidity. #TUSD #CryptoLiquidity #BitcoinRally
stablecoin
BinanceUS Prepares for Potential Banking Challenges, Urges Stablecoin Adoption
💥 #BinanceUS prepares for potential banking challenges, urges users to convert USD to stablecoins and introduces new USDT trading pairs. Stay informed and adapt to navigate the changing landscape! 💪🚀 #crypto #USD #USDT
Brazilian Financial Giant To Launch Own US Dollar Stablecoin
The Brazilian financial giant is issuing the stablecoin to serve investors who want to convert their assets into US dollars.
Babel Finance Turns to Stablecoin To Overcome Lending Crisis
Crypto lender Babel Finance plans to launch a stablecoin to tackle its financial crisis and has sought a moratorium of protection from the high court of Singapore.
Platypus DeFi Attackers Now Under French Police Custody
Two suspects in the Platypus DeFi platform hack have been arrested by the French police, with the help of Binance and ZachXBT.
Lawmaker: Hong Kong Dollar Can be Issued as a Stablecoin
Hong Kong lawmakers suggested that the digital Hong Kong dollar could be developed into a stablecoin issued by the government and connected to DeFi.
$19B in BTC, ETH, and Stablecoins Left Exchanges in 51 Days
Since the collapse of FTX, users of centralized exchanges withdrew more than nineteen billion dollars worth of bitcoin, ether, and stablecoins.
Waves Dubbed “Next LUNA” After Stablecoin Depegs From $1
Detractors of Waves have called the project the next LUNA after its stablecoin USDN de-pegged from $1. Read CNL.
Binance Cold Wallets Show $62 Billion Amid User Withdrawals
Binance has recently witnessed huge withdrawals from users who may have been worried about the exchange’s solvency. However, a look into cold wallets managed by the exchange shows that it has more than enough funds to process withdrawals. Based on the list of cold wallets provided by The Block’s Vice President of Research Larry Cermak, Binance is holding at least $62 billion worth of crypto. The figure may have reduced since the time the addresses were checked, but the point is that Binance has enough funds to enable customer withdrawals. According to Nansen, Binance has processed a spike of withdrawals
To Save FTX, SBF Tried to Destabilize the Crypto Market
The CEO of the biggest crypto exchange in the world and a Tether representative became concerned that SBF was attempting to destabilize the stablecoin.
Huobi’s HUSD Depegs After Firm Delists Stablecoin
The stablecoin of crypto exchange Huobi has lost its peg after the company announced to delist it. Read CNL to learn more.
New Data Shows USDC To Surpass USDT as Top Stablecoin
Report from Arcane Research shows stablecoin USDC to be the top soon. USDC’s growth rate increased by 70%, while USDT is down by 28.7%. The CEO of Blockstream criticized the report, saying looking at market cap only is “highly misleading.” USDT (Tether) and USDC (USD Coin) are the two largest stablecoins right now. Both stablecoins have a combined share of over 80% of the total stablecoin supply in the market. Currently, Tether USDT is sitting at the top for it holds over 50% of the total stablecoin supply, followed by USDC which was nearly at 30%. However, a report from
