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The unexpected resignation of Argentine Economy Minister Martin Guzmán has sparked an explosion in demand for stablecoins on local bitcoin exchanges. According to Criptoya, USDT jumped to 262.9-318.9 pesos, which represents a
The shorting of the USDT stablecoin is on the rise among crypto-focused hedge funds amid negative market activity and the collapse of the Terra ecosystem. The Wall Street Journal writes about it.
CBDCs do not directly threaten decentralized cryptocurrencies; instead, it aims to eliminate the risks associated with stablecoins. This was stated by Mikkel Morh, CEO of the ARK36 crypto fund, writes Cointelegraph. The
Tether, the issuer of USDT, the largest stablecoin by capitalization, announced that it has issued a sterling-pegged “stablecoin” GBPT. #bond To Start GBP₮British Pounded Tether Tokens 🇬🇧 Read the full press release
Circle, a member of the central consortium, introduced the euro-pegged stablecoin Euro Coin (EUROC). Get ready for 1/ #EuroCoins! Euro Coin (EUROC) is our newest #stablecoin It will begin on June 30.
Over-the-counter cryptocurrency platform Cumberland has not ruled out that the next asset in danger of collapse will be one of the leading stablecoins. The next big shoe to drop will be the
Decentralized Autonomous Organization TRON DAO Reserve said it will withdraw 2.5 billion TRX from the Binance platform “to protect the blockchain industry and the cryptocurrency market.” TRON DAO Reserve to withdraw 2.5
South Korean exchange Upbit has warned of the risks of price fluctuations for WAVES and TRON (TRX) cryptocurrencies due to the loss of Neutrino USD (USDN) and USDD algorithmic stablecoins to the
Hedge fund Oapital, which profited from Terra’s collapse of UST, has started making large transfers in USDD and other stablecoins. Specialists of the Nansen analytical company drew attention to this. Oapital (labeled
On Monday, June 13, Tron’s algorithmic stablecoin USDD briefly lost pegged to the US dollar and fell to $0.97. At the time of writing, the asset is trading at $0.99. Half-hour chart
