The USD Coin (USDC) depegged on March 11, prompting DeFi’s risk manager company Gauntlet to recommend temporarily pausing all V2[…]
Amid mounting concerns about the future of stablecoins, Binance CEO and co-founder Changpeng Zhao (CZ) announced on March 13 that[…]
Last year we witnessed something similar to a domino effect, starting with the collapse of Terra (LUNA) and the stablecoin[…]
This announcement comes after USDC lost its $1 peg on March 11, briefly trading as low as $0.87 before re-pegging[…]
The company tweeted: We are temporarily pausing USDC:USD conversions over the weekend while banks are closed. During periods of heightened[…]
This follows the shutdown of one of its banking partners, Silicon Valley Bank (SVB). According to blockchain transactions analyzed by[…]
Binance began purchasing USDC in February 2021 and has accumulated over 2.4 billion USDC to date. With the exception of[…]
On March 6, CryptoQuant disclosed an uptick in stablecoin exchange inflows, with the highest level of the year being recorded[…]
The Wall Street Journal claimed that documents in their possession showed that Tether and a related cryptocurrency broker concealed identities.[…]
The publication cites correspondence and records as evidence that Tether’s parent company went to great lengths to maintain connections to[…]