stable coins

On April 27, it was reported that Datachain, a blockchain interoperability start-up, had completed the commercialization experiment of cross chain settlement of digital securities

On April 25th, according to the official blog, Layer1 blockchain Zilliqa announced specific arrangements and future deployments for launching EVM on the main network. EVM compatibi

On April 24, it was reported that in the new All in podcast, Chamath Palihapitaya, the founder of Social Capital, an American billionaire, said that cryptocurrency had died out in

According to reports, according to data from blockchain analysis company Glassnode, there are many factors contributing to the recovery of Bitcoin this year. One of the main factor

Daily Planet News: DeFi Protocol Shell Protocol launches NFT AMM product, which is based on Proteus AMM engine and supports tokens such as USDT, USDC, DAI, and not just ETH. At pre

On April 12th, CZ announced on social media that after Hong Kong banks start supporting cryptocurrencies, we will see more funds transferred there. USDT alone has a market value of

According to reports, Bitstamp, the cryptocurrency exchange, announced today the launch of new lending services in the new European market, Hong Kong, and the United Arab Emirates.

According to reports, according to DefiLlama data, the market value of stable currencies on Arbitrum has reached $1.6 billion, of which more than $1 billion is USDC. Interpretation of this information: The growth in the popularity of stable coins, as evidenced by DefiLlama data, is a positive trend for the crypto industry on the whole. Stable coins are digital currencies that are pegged to a stable asset, such as the US dollar or gold, as a means of mitigating the volatility that pervades the wider crypto market. As a result,…

According to reports, the Monetary Authority of Singapore (MAS) said on Monday that its goal is to publish consultation feedback on cryptocurrencies and stable currencies by the middle of this year. Interpretation of this information: The Monetary Authority of Singapore (MAS) announced on Monday that it aims to release consultation feedback on cryptocurrencies and stable currencies in the middle of 2021. This move is part of the regulatory body’s efforts to stay on top of the ever-evolving landscape of digital currencies and address any associated risks. The increasing popularity of…

It is reported that Xapo Bank, headquartered in Gibraltar and friendly to cryptocurrency, has enabled the payment of sterling and USDC stable currency for its users. Xapo is a licensed private bank and cryptocurrency custodian, focusing on retail customers, and has integrated the flash network of Bitcoin. Seamus Rocca, CEO of Xapo Bank, said: “From today on, we have also added support for sterling through the Faster Payments network, which means that members will be able to pay directly to the UK wallet or bank.” Xapo also activated the USDC…

It is reported that according to Nansen’s data, the total balance of USDC in the address of “smart money” wallet is about 485 million dollars in 1396 wallets, down from 700 million dollars in 1455 wallets a month ago and 1.02 billion dollars in 1478 wallets a year ago. At the same time, the proportion of smart money in all stable currencies has dropped to 21%. At the beginning of this year, this proportion was close to 30%, and reached a record high of 38% at the end of August…

It is reported that according to the data disclosed by the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs, of which Pulsechain has converted 155 million USDCs into 153.7 million DAIs, while PulseX has converted 105.14 million USDCs into 104.82 million DAIs. Interpretation of this information: The recent disclosure made by chain analyst @ Lookonchain revealed that PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs. This indicates that both platforms are moving towards decentralization as DAIs are considered stable-coins that…

On March 11, the data of CoinGecko showed that the stable currency DAI was currently at US $0.940511, down 6% in 24 hours. Interpretation of this information: The latest data from CoinGecko has revealed that the stable currency DAI has fallen by 6% in just 24 hours. This sudden drop serves as a reminder of the volatile nature of the crypto market, even for so-called stable coins. Stable coins are a type of cryptocurrency that is designed to hold a stable value. They are typically pegged to a fiat currency,…

On February 14, Markus Thielen, the research director of Matrixport, a crypto financial service company, believed that the recent regulatory crackdown on the BUSD issuer Paxos and the review of its Binance USD were not aimed at all stable currencies, which may be due to the lack of strict regulation of the issuer Paxos on tokens. Interpretation of this information: Markus Thielen, the research director of Matrixport, a crypto financial service company, has shared his insights regarding the regulatory crackdown on BUSD issuer Paxos and the review of its Binance…

On February 14, Zhao Changpeng, the founder of Binance, said in reply to the relevant proposal of “suggesting that Binance issue decentralized stable coins similar to DAI next”, “At this juncture, we prefer to have others do it to make it more decentralized. We can’t do everything. Thank you for your support.” Interpretation of this information: The world of cryptocurrency has seen a significant increase in the development of stable coins. These coins, which are pegged to the value of assets like the US dollar or gold, aim to reduce…