Tether still has the largest market share of all the stablecoins, but it is now around 43%, according to CoinGecko. Glassnode reports that the USDT market share is a slightly higher 45% but still shows
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Tether short sellers are on the rise despite the company’s repeated assurances that its reserves are fully backed. A so-called liquidity pool that allows traders to swap between the three biggest stablecoins still shows an
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Fiat-Backed stablecoins are a very different animal to CBDCs, says Bowen Zhou, the founder CEO of Moneta Digital. Speaking from my own perspective, I would like to touch on a few topics commonly discussed by some of
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Tron price is attempting to bounce back even as the USDD stablecoin continues losing its peg. The TRX token is trading at $0.6170, which is about 32% above last weekend’s low of $0.0466. Its market
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It is a known fact that the crypto space is now in the middle of a notable bear market which is yet to find its bottom. The star crypto, Bitcoin, currently appears struggling to restore
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Digital assets market is struggling to exit death spiral fueled by inflation data and funds outflow One of the biggest sell-offs in the cryptocurrency market continues with Bitcoin hitting prices the market hasn’t seen since
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Secondary stablecoins were able to capitalize on Tether slipping from its peg, following the collapse of TerraUSD last month. On May 12, the largest stablecoin Tether briefly jumped from its $1 peg to $0.95, forcing investors to
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After the Tether (USDT) collapsed below $1 recently, all focus has been shifted towards USDC as the investors are reassessing their preference for stablceoin due to USDC’s increased market cap. Here are two metrics that
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Terra ecosystem collapsed earlier this month The Terra ecosystem collapsed earlier this month, with the LUNA token plunging to zero after the UST stablecoin lost its peg. The risk of contagion then spread to the
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One of the senior analysts at Bloomberg, Mike McGlone while talking about algorithmic stablecoin, says that these are dependent on market growth and looks like these do not have any future. In a recent interview,
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