Shakes in the stablecoin market: NFTs, the next market in peril?

Shakes in the stablecoin market NFTs the next market in

After the fall of the cryptocurrency and stablecoin market, is the NFT market the next market to watch closely? That’s what analysts at Morgan Stanley Bank think. After the storm experienced in the cryptocurrency market and in the stablecoin market, will the ecosystem experience new shocks? Yes, estimates the American bank Morgan Stanley in a … Read more

$7.6 Billion Stablecoin Tether Bought Back Since Crypto Crisis Started | Cryptocurrencies – Tech Tribune France

Digital investors have withdrawn savings into the ‘stablecoin’ worth $7.6bn (£6.2bn) since the cryptocurrency crisis began last week, suggesting that the company paid almost twice its total cash holdings to frightened depositors. Stablecoins are meant to have a fixed value corresponding to a real-world asset, in most cases $1 per token. However, faith in the … Read more

What happened to the bitcoin stash behind Terra’s UST stablecoin? – News 24 | News in France and abroad

Bitcoin has fallen below the $26,000 level since December 2020. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO | Future publication via Getty Images Investors are eager to learn what happened to the more than $3 billion worth of bitcoins bought by crypto firm Terra to back its failing stablecoin. Now they have … Read more

Despite Recent Crypto Crash, First Bitcoin-Based Stablecoin Is In The Works

Despite Recent Crypto Crash First Bitcoin Based Stablecoin Is In The

Image source: Getty Images The Lightning Labs CEO said his new Taro upgrade will enable improved smart contracts and stablecoins on the Bitcoin (BTC) blockchain. Key points The recent double-digit drop spanning the cryptocurrency sector is a stark reminder of the volatility of this asset class. Massive price swings in the past have led to … Read more

TerraUSD ‘stablecoin’ Removed From List Of Crypto Exchanges | Cryptocurrencies – Tech Tribune France

TerraUSD, the “algorithmic stablecoin” whose collapse caused a multi-billion dollar sell-off in crypto markets, deactivated its blockchain and was delisted from major exchanges, shutting down the project for good. However, the wider impact of the failure of the project appears to have been limited. TerraUSD was once valued at over $40bn (£33bn). Shockwaves swept through … Read more

Stablecoin Tether (USDT) regains peg after $3 billion in withdrawals – Reuters News in France and abroad

Tether has long wondered if it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tether, the world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency – which is believed … Read more

Is the stablecoin market really that robust?

Wind of panic on the stablecoin market. The Terra USD, the stablecoin of the Terra blockchain, failed to resist the recent fall in cryptocurrencies and deviated very widely from parity with the dollar. The Terra USD (UST) stablecoin on the Terra blockchain has risen since its inception in 2020 to become the fourth-largest stablecoin by … Read more

Crypto: a stablecoin is no longer stable and creates panic

Crypto a stablecoin is no longer stable and creates panic

Even redder than that of Bitcoin, the price of Luna, the cryptocurrency of the Luna Foundation, has fallen by more than 52% since Monday, dragging with it TerraUSD (UST) stablecoin. Very bad news for a digital currency that is supposed to follow the course of the dollar and never vary – leading the market capitalizations … Read more

Terra’s UST becomes 3rd largest stablecoin

Luna increases its Bitcoin reserves by several hundred million dollars

The USD-pegged Terra ecosystem’s UST recently overtook Binance’s BUSD to become the third-largest stablecoin by market capitalization. Soon 20 billion capitalization The war between “stablecoins” is raging. On Monday, the Terra ecosystem’s UST surpassed Binance’s BUSD. According to CoinGecko, UST just overtook BUSD, another stablecoin primarily used on the Binance exchange. UST, the stablecoin of … Read more

Terra’s UST becomes the third largest stablecoin in the crypto market.

Terras UST becomes the third largest stablecoin in the crypto

With a market cap of over $17 billion, the stablecoin TerraUSD (UST) became the third largest stablecoin crypto. Another key milestone achieved by the fast-growing stablecoin in the Terra ecosystem. The market capitalization ofUST of Terra surpasses that of BUSD. the stablecoin UST of Terra exceeded the market capitalization of the BUSD since April 18, … Read more