Stablecoin
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Gemini’s GUSD Transparency Report Reveals Fully Backed Stablecoin
On April 5th, Gemini, a US compliant trading platform, released a transparency report on its stable currency Gemini dollar (GUSD). The report shows that GUSD is supported by cash a
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Tether Records $700 Million Net Profit in Q1 2023 and Denies Contact with Silvergate, SVB, and SignatureBank
On April 5th, Tether reiterated in an official post that the company had not been in contact with Silvergate, SVB, and SignatureBank, while expressing its dissatisfaction with Bloo
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Bitfinex begins distribution of remaining 70% of Terra Luna airdrop
On April 4th, according to an official announcement, Bitfinex announced that the remaining 70% of Terra Luna (LUNA2) airdrop distribution had begun. Previously, on May 26, 2022 and
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Circle Reduces USDC Circulation by $1.9 Billion in One Week
According to reports, according to official data, in the past seven days, Circle has issued a total of $600 million in USDCs and redeemed $2.5 billion in USDCs, reducing circulatio
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The Temporary Suspension of BUSD Stable Currency Pairs on Binance.US
According to reports, the status panel of Binance.US shows that BUSD stable currency pairs have been disabled through the One Common Billing System (OCBS). The affected services in
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#Cryptocurrency Investors Explore Alternative Stablecoins Amid USDC Outflow
It is reported that cryptocurrency investors are fleeing Circle\’s US dollar token (USDC) stable currency, with many turning to Tether, whose market share has reached a 22-month hig
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Extradition of Terraform Labs CEO Do Kwon: A Battle Between the US and South Korea
On March 30, the Minister of Justice of Montenegro, Marko Kovac, stated at a press conference that it had been confirmed that the United States had requested the extradition of Do
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On March 30, 2021, the Montenegrin Court Rejects Appeal Filed By CEO Of Terraform Labs, Do Kwon
On March 30, the Montenegrin Podgorica Court rejected the appeal filed by Do Kwon, CEO of Terraform Labs, against the court\’s decision to extend the length of detention. The court
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Analyzing GMX’s Recent Sale of 27,148 Tokens on Ethereum Network
On March 29, Twitter user ember monitoring reported that around 17:00 Beijing time today, a two-year long pledge of GMX on an address redeemed and sold 27148 GMXs for the first tim
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Coinme Teams Up With Stellar Development Foundation to Introduce Circle’s USDC in Wallet
According to reports, Coinme, a cryptocurrency cash exchange, and Stellar Development Foundation, a non-profit organization, announced the release of Circle\’s USDC in the entire Co
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Coinme and Stellar Development Foundation Release Circle’s USDC in Entire Coinme Wallet and Cash Ecosystem
According to reports, Coinme, a cryptocurrency cash exchange, and Stellar Development Foundation, a non-profit organization, announced the release of Circle\’s USDC in the entire Co
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The Structure and Management of USDC Reserve: Everything You Need to Know
On March 29th, Circle disclosed in a blog post \”the structure and management method of the USDC reserve.\”. According to the article, about 80% of the USDC reserves are short-term U
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Solana Stable Currency Project Cashio App Transfers ETH to Tornado Cash: What Does It Mean?
According to reports, according to PeckShield monitoring, the Solana ecological algorithm stable currency project Cashio App has transferred about 3000 ETHs (approximately $5.1 mil
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Understanding the Growing Popularity of USDC Supply in Smart Contracts
According to reports, Glassnode\’s latest report released on March 27th emphasizes that the percentage of USDC supply in smart contracts is expected to soar. The data shows that the
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USDC Breakout: How a Giant Whale Exchanged 23.96 Million USDC for Over $40 Million Worth of ETH
According to reports, according to Lookonchain monitoring, during the period of the USDC\’s breakout, a giant whale exchanged 23.96 million USDC for 15551 ETHs, and raised 11024 ETH
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Coin On Launches New Transaction Pairs: LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD
On March 28th, according to an official announcement, Coin On announced that it would launch LDO/TUSD, MATIC/TUSD, OP/TUSD, SOL/TUSD, SSV/TUSD, and XRP/TUSD transaction pairs at 16
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The Destruction of 119,900,000 BUSDs: What Does it Mean and How Will it Impact the Ethereum Network?
On March 27, according to Whale Alert monitoring, Paxos Treasury destroyed 119900000 BUSDs on the Ethereum network at 21:41:23.
Paxos destroyed 119.9 million BUSDs
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True USD (TUSD) Partners with The Open Network (TON) Blockchain Project for Asset Transfer
It is reported that the True USD (TUSD) stable currency team has become a partner of The Open Network blockchain project. This cooperation will enable users to transfer assets to t
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Do Kwon, Co-Founder of Terraform Labs, Arrested in Montenegro for Use of Counterfeit Documents
On March 26, it was reported that Do Kwon, the co founder of Terraform Labs, had been arrested in Montenegro for attempting to use counterfeit documents, and had filed an appeal ag
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Tether founds 1 billion USDTs on Ethereum
According to reports, according to Whale Alert data, the stable coin issuer Tether minted 1 billion USDTs on Ethereum at 01:59:59 today. Interpretation of this information: The stablecoin issuer Tether has reportedly minted 1 billion USDT on the Ethereum blockchain, according to data from Whale Alert. This event occurred at exactly 01:59:59 today, highlighting the rapid growth of stablecoins and the increasing use of Ethereum in the cryptocurrency space. Stablecoins are digital tokens designed to maintain a stable value, often pegged to fiat currencies like the U.S. dollar. They provide…