Auto Added by WPeMatico

BUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

According to statistics, the stablecoin BUSD saw a significant drop in its supply over the past 30 days, shedding roughly 23.8% from Dec. 5, 2022, to Jan. 6, 2023. Since…

Continue ReadingBUSD Sees $5 Billion Reduction in Supply in 24 Days, Relationship With Turkish Lira Continues

The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion…

Continue ReadingThe Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg

US Senator Toomey introduces stablecoin bill as congressional session wraps up

The soon-to-retire senator introduced the new stablecoin bill only a few weeks before the end of the 117th US congressional session.

Continue ReadingUS Senator Toomey introduces stablecoin bill as congressional session wraps up