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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…

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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,…

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Circle Launches Second Major Stablecoin Backed 1:1 by the Euro

On Thursday, Circle’s CEO Jeremy Allaire announced that the company has launched a new stablecoin pegged to the value of the euro (EUR). Allaire said that the new EUROC token…

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Despite Overcollateralized Reserve, Tron’s USDD Stablecoin Slips to $0.974 per Token

Following the crypto market carnage on Monday, the following day crypto prices have shown some improvement. However, Tron’s stablecoin USDD has once again dropped to $0.974 per unit, indicating a…

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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…

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Weekend Massacre: Over $500M Liquidated as BTC Dumps to $27K, Altcoins See Double-Digits Crash

The adverse price developments in the cryptocurrency space only intensified in the past 24 hours, with new weekly, monthly, and even yearly lows registered from many altcoins. With double-digit drops…

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2 Tokenized Gold Crypto Projects Saw Massive Growth Over the Last 15 Months

15 months ago the price of one ounce of fine gold was $1,790 per ounce and since then, it has increased in value 3.51% to today’s $1,853 per ounce exchange…

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Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process…

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Ethereum Transaction Fees Hit a 10-Month Low as Gas Costs per Transfer Sink Below $3

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The…

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