What is Decentralized USD? Decentralize USD is a digital asset structured to function as a stablecoin. Its goal it to maintain a close peg in value to the US Dollar. USDD issuance is controlled by TRON
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What is Dai? Dai (DAI) is a digital asset structured to function as a decentralized stablecoin. Its stability is derived through an algorithmic approach, which makes use of a variety of assets to attain over-collateralization of
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What is Frax? Frax (FRAX) is a digital asset built to function as a decentralized stablecoin. It is part of the broader Frax ecosystem, which includes Frax Shares (FXS) and more. What is the Purpose of Frax? Like
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During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and usd coin, have seen their
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On July 8, 2022, the company behind the largest stablecoin in the world, Tether, revealed that the firm liquidated a loan made to the crypto lender Celsius, and the liquidation caused “no losses to Tether.”
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It has been a positive week for the cryptocurrency market so far, with the prices of most coins up by over 10% in the last seven days The cryptocurrency market has been doing well since
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Tether or commonly known as USDT is witnessing hard days as the asset is losing the trader’s confidence. Ever since the liquidity crisis had made huge rounds in the recent past, stablecoin has witnessed a
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When traders and investors exit their crypto asset positions, they usually convert them into stablecoins before taking them off exchanges as fiat. That exodus has been going on for the past six weeks, causing the
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Since June 12, 2022, the Tron-based stablecoin USDD has remained below a U.S. dollar in value. On Monday, USDD had a 24-hour trading range of around $0.943 to $0.966 per unit and the day prior
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USDT has surpassed Ethereum-based USDT by the number of transactions Circle’s USD Coin (USDC) stablecoin has overtaken Tether’s USDT by the number of daily transactions on the Ethereum blockchain, according to data shared by on-chain
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