The total volume in DeFi stood at $6.65 billion, 8.73 percent of the total crypto market 24-hour volume. The volume of all stable coins was at $$68.91 billion, which is 90.47% percent of the total crypto market 24-hour volume.
Luna's value fell to practically zero in May with the collapse of stablecoin TerraUSD, which had been pegged to the U.S. dollar and was exchangeable with Luna.
Voyager filed a plan of reorganisation, citing prolonged volatility and contagion in the crypto markets and a default by Three Arrows Capital on a loan from its subsidiary
The global crypto market-cap rose marginally by 0.60 percent to $871.80 billion over the last day
On Monday, the cryptocurrency industry remained on the edge as bitcoin fought to hold above a critical level, with investors concerned that issues at large crypto companies may trigger a wider market shakeout.
Circle, a cryptocurrency business, announced on Thursday that it will begin releasing its first euro-denominated cryptocurrency, Euro Coin, later this month.
A U.S. investor sued Binance U.S. and its CEO on Monday, alleging that the cryptocurrency exchange deceptively advertised Terra USD as a safe asset before the so-called stablecoin's value collapsed last month.
The Ethereum “Merge,” one of the most significant technical upgrades to the blockchain since its inception in 2015, may be one of the few catalysts that could give DeFi a much-needed lift.
Governments are better at guaranteeing stability than crypto pegged to the US dollar. Hong Kong’s currency is proof of that
HONG KONG Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to c..
As part of creating a global cryptoasset hub, financial services minister John Glen said Britain will legislate to bring some stablecoins under the regulatory net such as complying with existing payment rules.
One is issued by the central bank while the other is a cryptocurrency. How people perceive their relative benefits will determine whether one will thrive at the cost of the other
Memecoin SHIB rose 2.47 percent, while Dogecoin was down by 0.85 percent to trade at Rs 11.52. Terra (LUNA) fell 2.48 percent to Rs 4,365
Meta had then partnered with Silvergate Bank to potentially issue a Diem USD stablecoin. Notably, stablecoins are less volatile compared to their other crypto counterparts, given that they are pegged to a specific asset class, which in this case, was the dollar.
Stablecoin is tied to the value of a stable reserve asset like the dollar or rupee, and is generally seen as more reliable than other digital currencies.
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UST and DAI are decentralized stablecoins, backed by other cryptocurrencies. Since the highly volatile cryptos form the basal asset, it is hard to keep these stablecoins pegged stably to the dollar.