USDT stablecoin is now available on 12 blockchains thanks to this latest development. Tether Operations Limited, the parent company behind the USDT stablecoin, announced on Thursday that its stablecoin will launch on Tezos. This latest
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Like a film trick, set in slow motion Terra’s stablecoin — UST and native coin, LUNA witnessed a colossal crash. Thus, shocking investors to the bone marrow. Why? Because, although cryptocurrencies are highly volatile, stablecoins
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Circle, the issuer of the stablecoin usd coin (USDC), announced that the project is now supported on the Polygon network. The stablecoin with the second-largest market capitalization can now be withdrawn via a Circle Account
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Paolo Ardoino, Tether (USDTchief )’s technical officer (CTO), has identified the Terra (LUNA) ecosystem as the primary cause of the coin’s fall. Ardoino highlighted the Terra developers’ decision to create the UST stablecoin and back
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USSD is the first over-collateralized decentralized stablecoin, with guaranteed minimum collateral ratio of 130%.The current collateral ratio is over 200% with nearly $1.4 billion worth of assets in the Tron DAO reserve account. Decentralized stablecoin
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After the destruction, the LUNA 2.0 price is rebounding as Korean officials disclosed that Do Kwon’s imprisonment was doubtful. Because of the massive UST and LUNC (formerly LUNA) disaster, the Terraform Labs CEO might face
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According to a self-proclaimed insider, Terra creator Do Kwon may introduce a new decentralized stablecoin on Terra 2.0. FatMan, a regular contributor to Terra governance forums, made this allegation. Kwon is building a new decentralized
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This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an
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Following the demise of the Terra-based stablecoin UST, the fiat-pegged token DAI has become the largest decentralized stablecoin in existence today. Moreover, Makerdao has regained the decentralized finance (defi) protocol’s position as the top defi
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The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally, the company Tether has also
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