TRON’s USDD Stablecoin Still Below $1 Despite $2B Cash Injection
TRONs USDD algorithmic stablecoin has been trading under its dollar peg for more than 24 hours. USDD Drops Below Peg Just 40 days after launching, USDD is fighting for its...
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Defi Platforms and Smart Contract Tokens Suffer the Most During the Crypto Market Rout
While the crypto economy has dropped lower in value against the U.S. dollar, sliding to just under $1.2 trillion, the value of decentralized finance (defi) protocols and smart contract tokens…
DeFi protocols launch stablecoins to lure new users and liquidity, but does it work?
In the wake of UST’s collapse, several DeFi platforms launched their own stablecoins to lasso new users and liquidity but are investors willing to take on the risk in return…
Biggest Movers: TRX Moves Towards 7-Month High as KSM Extends Recent Gains
TRON neared a seven-month high on Wednesday, as prices climbed for a third consecutive session. This came while KSM also rallied earlier today, gaining by double digits on hump-day. TRON…
Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism
This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by…
TRON TVL Soars to $6 Billion as USDD Algorithimc Stablecoin Catches Speed
Tron’s algorithmic stablecoin – USDD – is catching some serious speed as its market cap expands to more than $600 million. This has also played a big part in the…
TRON DeFi Surges on Terra-Inspired Stablecoin Launch
Less than a month after launching USDD, an algorithmic stablecoin that uses a similar mechanism to Terras collapsed UST, TRON has become the third-largest blockchain by total value locked in...
Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or…
Circle to Issue Weekly USDC Reserve Reports — Tether Publishes May 2022 Assurance Report
The co-founder and CEO of Circle, Jeremy Allaire, has announced the cryptocurrency firm that issues the stablecoin usd coin plans to provide the public with weekly stablecoin reserve reports. Additionally,…
Biggest Movers: Tron Moves to 1-Week High, as Thorchain’s RUNE Nears Lowest Level Since January 2021
Tron rallied during today’s session, as it headed towards a one-week high, following recent declines. This came as Thorchain’s RUNE continued to trade lower, with today’s drop pushing prices closer…