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Tether’s Stablecoin Dominance Drops Below 80% as Audit Controversy Lingers On
27.9.2020
The total volume of stablecoins in circulation is closing in on the $20 billion mark, while the market-leading coin, USDT’s share of the total circulating supply continues to shrink, data from Coinmetrics shows. According to the data, USDT now accounts for an estimated at 80% of total supply...
Voyager CEO Says Revenue Growth Accelerates 8-Fold as DeFi Trading Surges
25.9.2020
CEO Steve Ehrlich says this quarter's revenue is on track to double what the company produced in all of its last fiscal year
USD Coin (USDC) Trades at $1 with No Extremities Projected
23.9.2020
USD Coin—as the name suggests, is one of the top 15 completely collateralized USD stable coin, which is deemed to have its price movement around $1. USDC is issued and completely regulated by financial institutions against which these institutions maintain reserves of the equivalent fiat currency...
Origin Debuts OUSD, a Stablecoin That Works Like a Savings Account
23.9.2020
Origin is announcing Origin Dollars, or OUSD, a stablecoin whose reserves leverage decentralized finance (DeFi) so that balances grow wherever it resides
Dapper Labs–USDC Integration Helps NBA Collectibles Game Clear $2M in Revenue Since June
15.9.2020
Gamemaker Dapper Labs is using Circle's dollar-backed stablecoin, USDC, as a global settlement solution for its non-fungible tokens (NFTs)
INX Becomes the First SEC-Registered IPO to Accept Crypto
15.9.2020
15th September 2020, New York, United States: INX will start accepting bitcoin (BTC), ether (ETH), and USDC stablecoin, starting today. INX said over 3,000 retail and accredited investors registered for the INX token offering during its first three days. Now that the minimum requirement INX has...
Defi Protocol Bzx Loses $8.1 Million in Third Hack This Year
14.9.2020
So called decentralized finance (defi) lending platform Bzx on Sunday lost $8.1 million in a new hacking attack, the third this year, caused by a flawed code in its smart contracts. The bug allowed the hacker to mint 219,200 LINK tokens (valued at $2.6 million); 4,503 ETH ($1.65 million); 1,756,351...
Stablecoins post triple-digit growth in 2020, but institutional rivals loom
11.9.2020
Despite stablecoins posting triple-digit market cap growth this year, competition from projects backed by major financial and tech corporations is on the horizon
USDC now capable of 1000 transactions per second with near-zero fees
9.9.2020
The asset's new multichain partner makes it so
$16B Worth of Dollar-Pegged Cryptos: Stablecoins Add $100M a Day Since Mid-July
4.9.2020
Stablecoins have been gathering a lot of steam and settling massive value in recent months. Moreover, on Thursday, Coin Metrics’ executive Nic Carter mentioned on Twitter that “stablecoins have been adding $100 [million per day] since mid-July. While a number of dollar-pegged...
DeFi users turn to USDC stablecoin to earn high-yield interest — Data shows
1.9.2020
Data shows DeFi platforms and their users are rapidly increasing their use of USDC stablecoin after Curve Finance launched
Centre Launches USDC 2.0, Introduces New Functionalities
28.8.2020
The Centre Consortium, an entity established by Circle and Coinbase to manage the USD Coin (USDC), has launched a major upgrade to the stablecoin, claiming the move will significantly improve its usability and security.
“Today's update comes at a time when USDC has punched through [USD] 1.4 billion...
‘Gasless’ Technical Update Brings USDC One Step Closer to Venmo
27.8.2020
Users do not have to pre-fund their USDC-bearing wallet with ether before every transaction, according to Centre
Aave Protocol Outpaces Maker With $1.4B Locked, Defi Project Granted UK Electronic Money License
26.8.2020
The decentralized finance (defi) open-source protocol built on Ethereum, Aave, has surpassed the Maker Dao project in terms of total-value-locked (TVL) this week. The lending and borrowing platform Aave has $1.43 billion locked on Tuesday climbing 7.7% in the last 24-hours. On August 25, the defi...
Yearn Finance Token Jumps 270% in 5 Days – Defi Token YFI Worth More Than a Single Bitcoin
20.8.2020
Decentralized finance (defi) continues to make waves this week, as the Yearn Finance project token (YFI) jumped over 270% during the last five days. The digital token is worth more per coin than the price of bitcoin today, as the asset is currently trading for $15,934 per YFI. It’s very rare...
Market Wrap: Bitcoin Stumbles to $11,300; USDC Lending Rates Skyrocket
11.8.2020
Bitcoin experienced heavy selling Tuesday, while traders are finding profits in stablecoin borrowing strategies
Financial Service Provider to Coinbase Teams With Circle to Offer Stablecoin Payments in EU
7.8.2020
BCB Group will integrate with Circle's platform in a bid to make the USDC stablecoin more widely available
Unite to Succeed: Swiss Stablecoin Association Hopes to Break the Ice
3.8.2020
The new World Stablecoin Association hopes to create a united front for the sector to tackle regulatory concerns and drive collaboration
Circle Gets $25M From DCG to Drive USDC Mainstream
30.7.2020
USDC backer Circle is teaming with Genesis Trading in a $25 million deal aimed at pushing the stablecoin to the fintech masses
Zero Collateral: $138 Million in Defi Flash Loans Issued in 24 Hours
30.7.2020
The decentralized finance (defi) realm continues to heat up with concepts like yield farming, but another scheme called defi flash loans has also grown exponential. On Monday, the noncustodial lending protocol Aave issued $138 million in loans with zero collateral. Since the last week of June, defi...