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STABLECOIN

 

Description
A stablecoin (or stable coin), as its name indicates, is a stable cryptocurrency designed to be resistant to the type of price volatility synonymous with cryptocurrencies like Bitcoin and Ether.
The key is to understand "stable": what is "stable"? which references are pegged to make its value "stable"? In terms of what we measure the "stability".


Press Release
Press Release
DeFiChain Becomes One of the First Blockchains to Fully Integrate Euro Coin, a Euro-backed Stablecoin
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, has announced the debut of the Euro-backed stablecoin Euro Coin (EUROC) on its native blockchain. DeFiChain is one of the first blockchains to fully integrate a Euro-backed stablecoin.
by Chainwire
Mar 21, 2023

| 0 Min Read

#DEFICHAIN #BLOCKCHAINS #EURO COIN #STABLECOIN
#DEFICHAIN #BLOCKCHAINS #EURO COIN #STABLECOIN
News
News
Circle's Stablecoin USDC Affected by Collapsed Bank
Circle's USDC stablecoin briefly de-pegged after news that $3.3 billion of its cash reserves were stuck with collapsed bank Silicon Valley Bank. USDC's dollar peg has since recovered, but mass redemptions have led to a drop in the stablecoin's market cap by nearly 10% since March 11.
Terrill Dicki
Mar 16, 2023

| 0 Min Read

#CIRCLE #STABLECOIN #USDC #SILICON VALLEY BANK #FUNDS #MARKET CAP
#CIRCLE #STABLECOIN #USDC #SILICON VALLEY BANK #FUNDS #MARKET CAP
News
News
KuCoin Ventures Invests in Yuan-Pegged Stablecoin
KuCoin Ventures leads a $10 million investment in CNHC, a Chinese yuan-pegged stablecoin issuer and blockchain payment service provider.
Terrill Dicki
Mar 16, 2023

| 0 Min Read

#KUCOIN VENTURES #STABLECOIN #CNHC #INVESTMENT #CHINESE YUAN
#KUCOIN VENTURES #STABLECOIN #CNHC #INVESTMENT #CHINESE YUAN
News
News
Cryptocurrency Firms Deny Exposure to Troubled US Banks
Major cryptocurrency firms, including Tether, Crypto.com, Gemini, BitMEX, and others, have denied exposure to dissolved U.S. banks like Silicon Valley Bank and Signature Bank. The firms have taken to social media to assure their users that their funds are safe and accessible despite ongoing issues in the U.S. banking system.
Luisa Crawford
Mar 15, 2023

| 0 Min Read

#CRYPTOCURRENCY #STABLECOIN #BANKING CRISIS #TETHER #USD COIN #GEMINI #BITMEX
#CRYPTOCURRENCY #STABLECOIN #BANKING CRISIS #TETHER #USD COIN #GEMINI #BITMEX
News
News
Cryptocurrency Community Debates Fallout from Closure of Major American Banks
The closure of three major American banks that serve cryptocurrency firms, including Silicon Valley Bank and Signature Bank, has sparked debate within the cryptocurrency community. The closure of Silicon Valley Bank, which held over $3.3 billion of USD Coin issuer Circle's $40 billion reserves, has caused particular concern. As a result, the cryptocurrency ecosystem is now exploring neobank services and other options to bridge the gaps exposed by the latest mainstream banking failure.
Terrill Dicki
Mar 14, 2023

| 0 Min Read

#CRYPTOCURRENCY #BANKS #CLOSURE #NEOBANK SERVICES #STABLECOIN
#CRYPTOCURRENCY #BANKS #CLOSURE #NEOBANK SERVICES #STABLECOIN
News
News
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered.
Luisa Crawford
Mar 14, 2023

| 0 Min Read

#CIRCLE #CROSS RIVER BANK #USDC #BANKING PARTNERS #BNY MELLON #STABLECOIN
#CIRCLE #CROSS RIVER BANK #USDC #BANKING PARTNERS #BNY MELLON #STABLECOIN
News
News
Circle Plans to Cover USDC Shortfall After SVB Shutdown
Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption at 1:1 with the US dollar. The stablecoin lost its $1 peg on March 11, trading as low as $0.87, due to the disclosure of $3.3 billion of Circle's reserve held at SVB.
Luisa Crawford
Mar 13, 2023

| 0 Min Read

#USDC #CIRCLE #SILICON VALLEY BANK #STABLECOIN #LIQUIDITY
#USDC #CIRCLE #SILICON VALLEY BANK #STABLECOIN #LIQUIDITY
News
News
Circle's USDC Reserve Exposure and Potential Risks
Circle's latest audit report reveals that the company's exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent events such as the shutdown of SVB and Silvergate's decision to shut down its crypto bank arm have raised concerns about potential risks for Circle and its stablecoin USDC.
Rebeca Moen
Mar 12, 2023

| 0 Min Read

#CIRCLE #USDC #STABLECOIN #SVB #BANKING SYSTEM
#CIRCLE #USDC #STABLECOIN #SVB #BANKING SYSTEM
News
News
Circle's USDC Reserve Mishap Leads to Massive Sell-off
Circle's announcement that Silicon Valley Bank failed to transfer $3.3 billion of its USDC reserves led to a significant sell-off, causing the stablecoin to depeg from the U.S. dollar. Investors who tried to cut their losses by exchanging USDC for other stablecoins, such as USDT, faced exorbitant prices.
Luisa Crawford
Mar 12, 2023

| 0 Min Read

#CIRCLE #USDC #STABLECOIN #SELL-OFF
#CIRCLE #USDC #STABLECOIN #SELL-OFF
News
News
Circle's USDC Reserve Exposure and Potential Risks
Circle's latest audit report reveals that the company's exposure to the US banking system stands at nearly $9 billion, with its reserves held by a number of regulated financial institutions, including SVB, BNY Mellon, and Silvergate. However, recent events such as the shutdown of SVB and Silvergate's decision to shut down its crypto bank arm have raised concerns about potential risks for Circle and its stablecoin USDC.
Luisa Crawford
Mar 11, 2023

| 0 Min Read

#CIRCLE #USDC #STABLECOIN #SVB #BANKING SYSTEM
#CIRCLE #USDC #STABLECOIN #SVB #BANKING SYSTEM

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