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Stablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

During the last month, the stablecoin economy’s market valuation dropped from $155.23 billion to $153.34 billion on July 20, sliding roughly 1.21%. The top two stablecoins by valuation, tether and…

Continue ReadingStablecoin Market Cap Slides, BUSD and DAI Valuations Jump, Fiat Tokens Represent 70% of All Crypto Trades

Bitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

The crypto exchange Bitfinex announced on Thursday that the trading platform plans to donate 36 bitcoin and $600K worth of tether tokens to help bolster communities and small businesses located…

Continue ReadingBitfinex to Donate $1.3 Million Worth of BTC and USDT to Communities in El Salvador

Tether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk

Tether, the company behind USDT, the largest stablecoin by market capitalization, revealed that it liquidated Celsius’s position without risk to its reserves. In a press release on Friday (July 8,…

Continue ReadingTether Liquidated an Overcollateralized Bitcoin Loan From Celsius Without Risk