Stablecoin – Page 68 – Miami Crypto Coin

Binance CEO announces recovery funds conversion from BUSD to ‘native crypto’

Post author:MiamiCrypto
Post published:March 13, 2023
Post category:Banks Binance binance coin Changpeng Zhao Silicon Valley Stablecoin

Binance CEO says with recent “changes” in stablecoins and banks, the company’s recovery fund will be converted from BUSD to “native cryptos" such as BTC.

USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Post author:MiamiCrypto
Post published:March 12, 2023
Post category:Auto-Conversion Binance BitPay Coinbase coingecko.com Crypto Crypto.com Cryptocurrency Curve DAI Decentralized Exchange depegging DEX FRAX Global Trade Volume GUSD Kraken kucoin Market Updates MIM Pancakeswap Pancakeswap v2 Payment processor Stablecoin Stableswap Tether trading Uniswap uniswap v3 US Dollar USDC Wrapped-Ether

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve,…

Do Kwon had the right idea, banks are risk to fiat-backed stablecoins: CZ

Post author:MiamiCrypto
Post published:March 12, 2023
Post category:Banks Binance Changpeng Zhao Fiat Money Stablecoin Terra

Given Silicon Valley Bank’s direct involvement in destabilizing USDC prices, CZ blamed banks for increasing the risks of stablecoins.

Insolvency fears led many to turn to other stablecoins, sell USDC at a major discount

Post author:MiamiCrypto
Post published:March 12, 2023
Post category:Circle Stablecoin USD Coin

Several USD Coin holders have fled to other stablecoins amid fears surrounding its solvency.

Circle plans to cover missing liquidity in Silicon Valley Bank with corporate funds

Post author:MiamiCrypto
Post published:March 11, 2023
Post category:Circle Stablecoin United States USD Coin

According to Circle, USDC liquidity operations will "resume as normal when banks open on Monday morning in the United States," enabling USDC redemption at 1:1 with the U.S. dollar.

Curve Finance trading volume reaches $7B historic high after USDC depeg

Post author:MiamiCrypto
Post published:March 11, 2023
Post category:Binance USD Circle Stablecoin TrueUSD USD Coin

The USD Coin depeg led the DeFi protocol to experience a record-breaking daily trading volume as crypto whales fight for assets.

Bitcoin price spikes to ‘$26K’ in USDC terms — How high can the BTC short squeeze go?

Post author:MiamiCrypto
Post published:March 11, 2023
Post category:Bitcoin BTC price Circle silvergate Stablecoin SVB USD Coin USDC

Bitcoin recovers from the USDC’s depeg from the U.S. dollar.

Circle’s USDC instability causes domino effect on DAI, USDD stablecoins

Post author:MiamiCrypto
Post published:March 11, 2023
Post category:Binance USD DAI Maker makerdao Stablecoin Tether USD Coin

Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the U.S. dollar.

USDC depegs as Circle confirms $3.3B stuck with Silicon Valley Bank

Post author:MiamiCrypto
Post published:March 11, 2023
Post category:Banks Circle Stablecoin United States USD Coin

At the time of writing, USDC lost 3% of its value as it traded at $0.969, and a Circle executive envisions broader implications for business, banking and entrepreneurs without a…

Circle’s exposure to U.S. banks could top $9B

Post author:MiamiCrypto
Post published:March 10, 2023
Post category:Banks Circle Stablecoin United States

Circle's reserves are held in a number of banks in the United States, including Silvergate, Silicon Valley Bank, and Bank of New York (BNY) Mellon.