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TL;DR Shiba Inu’s stablecoin is still unavailable, awaiting certain regulations before its launch. However, other SHIB-related tokens like LEASH, BONE, and TREAT are already live, offering staking rewards, metaverse involvement,…
The synthetic USD (sUSD) stablecoin, issued by Synthetix, has plunged below its $1.00 peg, sinking as low as $0.83 before rebounding slightly. This drop marks the stablecoin’s second depeg in…
On April 2, the US House Financial Services Committee passed the STABLE Act, which now needs to pass a full House vote and then a Senate vote in its next…
Tron founder Justin Sun quietly intervened to stabilize TrueUSD (TUSD) stablecoin after its reserves faced a significant liquidity crisis despite publicly distancing himself, according to recent Hong Kong court filings.…
Circle Internet Group filed for a long-awaited initial public offering with the US Securities and Exchange Commission on April 1. In its S-1 form, the company outlined plans to list its…
Unlike cryptocurrencies with prices moved by volatile global exchange markets online, stablecoins use similar techniques for security and trust, but as digital representations of currencies like the dollar and euro.…
Fidelity Investments – one of the largest asset managers in the United States – is nearing the launch of its own US dollar-pegged stablecoin. This move comes at a time…
The total supply of stablecoins has surged in the past four months. However, this has not translated into increased spot market activity. Instead of fueling spot market growth, reserves on…
Despite the bearish sentiment in the crypto industry, the market capitalization of stablecoins has been on the rise. This growth amid the overall uncertainty drove the combined market cap of…
There has been a significant decline in crypto-wide trading volume following its peak on February 27th. Back then, traders were optimistically purchasing tokens as prices dipped. However, in the two…