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Stablecoin Giant Tether (USDT) Struggles to Maintain Dominance

Stablecoin Giant Tether (USDT) Struggles to Maintain Dominance

Investors are fleeing from Tether (USDT), says on-chain data. The stablecoin giant, as a result, has lost significant market share amid a slew of market corrections. Tether’s loss of market share Tether currently sits at

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Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Defi Protocol Abracadabra’s Stablecoin MIM Briefly Slides to $0.91 During the Crypto Market Rout

Amid the crypto market carnage this weekend, another stablecoin slipped below the $1 peg on Saturday, June 18, as the crypto asset called magic internet money (MIM) briefly dropped to a low of $0.914 per

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The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

The Number of Tethers in Circulation Dropped by Over 12 Billion in 2 Months, USDC Grew by 9%

During the last two months, the stablecoin tether has been one of the most traded crypto assets swapped against a myriad of digital currencies. 66 days ago on April 11, 2022, tether’s market valuation was

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TronDAO Injects $300 Million in USDC to Reserves; USDD Still De-Pegged

TronDAO Injects $300 Million in USDC to Reserves; USDD Still De-Pegged

Tron's USD-pegged stablecoin USDD might be the most "over-collateralized" asset right now TronDAO is expanding its liquidity injections into the reserve pool to support its new stablecoin, USDD. It seems that its guarantee rate has

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Is Circle’s USC Coin(USDC) Becoming the More Preferred Stablecoin than Tether(USDT)?

Is Circle’s USC Coin(USDC) Becoming the More Preferred Stablecoin than Tether(USDT)?

The most popular Stablecoin, Tether(USDT) currently, appears to be in a deep soup as the market cap after shrinking constantly has reached a 6-month low. On the other hand, the USD Coin (USDC) gained huge

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Justin Sun’s Revival Plan To Save USDD From De-Pegging!

Justin Sun’s Revival Plan To Save USDD From De-Pegging!

Despite recent efforts by the Tron DAO to overcollateralize the token, Tron’s algorithmic stablecoin USDD appears to be in crisis. During the market turmoil, the theoretically stable USDD token lost its peg to the US

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USDC Stablecoin Records Second-Highest Trading Volume Ever Amid Massive Volatility

USDC Stablecoin Records Second-Highest Trading Volume Ever Amid Massive Volatility

As per the latest data compiled by crypto analytic platform, IntoTheBlock, USDC stablecoin recorded its second-highest volume ever. USDC wins the fight laughs said that with Bitcoin and Ethereum dipping below $21,000 and $1,100, the total on-chain

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2.5 Billion TRX Removed from Binance by Tron to Prevent USDD De-Peg

2.5 Billion TRX Removed from Binance by Tron to Prevent USDD De-Peg

TRONDAO reserve shared two different transactions from WhaleAlerts In a recent tweet, TRON DAO Reservewhich runs the USDD stablecoin, says it is withdrawing 2.5 billion TRX from Binance to “protect the entire blockchain industry and

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Tron Defends Ecosystem with Another $700 Million as USDD Stablecoin Drops Slightly Beneath $1

Tron Defends Ecosystem with Another $700 Million as USDD Stablecoin Drops Slightly Beneath $1

TRONDAO Reserve is in charge of permissions for USDD TRON DAO Reserve, which oversees the USDD stablecoin, said it has increased the 700 million USDC supply on Tron to the current $2.5 billion. He says

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Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation

Stablecoin Market Nears 15% of the Entire Crypto Economy’s Market Valuation

Roughly two months ago on April 11, the stablecoin economy was valued at $190 billion and was getting closer to surpassing $200 billion in value. However, after the Terra stablecoin fallout, the fiat-pegged token economy

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