USDT market cap up by $2 billion following Tornado Cash debacle
Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash.
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Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value
2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd…
Binance CEO Says Exchange Recovered $450 Million From the Curve Finance Attack
Following the recent Curve Finance attack, Binance CEO Changpeng Zhao announced that the exchange had recovered $450 million from hackers. The decentralized finance (defi) platform Curve saw roughly $570 million…
MakerDAO Should “Seriously Consider Preparing” for DAI Depeg: Founder
The U.S. Treasury Department’s sanctions against Tornado Cash have led MakerDAO founder Rune Christensen to believe that the DAI creator is endangered by its $3.5 billion worth of USDC collateral....
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — rebound ahead?
TORN is near a historically strong support range, eyeing a 75% rebound by September 2022.
Tether also confirms its throwing weight behind the post-Merge Ethereum
We believe that a smooth transition is essential for the long-term health of the DeFi ecosystem and its platforms, including those using our tokens,” Tether stated.
Circle freezes blacklisted Tornado Cash smart contract addresses
Stablecoin issuers can blacklist interactions with the Tornado Cash dApp on the Ethereum smart contract level.
Tether supply starts to increase after three-month decline
The Tether printers have been fired up again as the USDT circulating supply has started to tick up.
The Number of Euro-Pegged Stablecoins Has Swelled 1,683% Since 2020
While the stablecoin economy is worth roughly $153 billion today, euro-backed stablecoin issuance has increased 1,683% from $31.9 million worth of euro-based tokens on January 3, 2020, to today’s $569…
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…
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