Latest from Krisztian Sandor
Circle’s USDC Remains Dominant in DeFi as Pressure Eases on the Stablecoin
USDC, the key stablecoin in decentralized finance, temporarily lost its dollar peg earlier this month after the collapse of its key banking partner.
USDC Outflows Surpass $10B as Tether’s Stablecoin Dominance Reaches 22-Month High
Rival stablecoin tether (USDT) has reached its largest market share since May 2021 and now represents 60% of all stablecoins in circulation.
Lending Platform MakerDAO Approves ‘Constitution,’ Moves Forward With ‘Endgame’ Plan
The proposal sets a new foundation for the largest decentralized lending protocol’s major restructuring, called “Endgame.”
Stablecoin Issuer MakerDAO Votes to Retain USDC as Primary Reserve Even After Depeg
The decision follows a turbulent period during which USDC temporarily lost its dollar peg after key banking partner SVB collapsed.
Binance Curb on Zero-Fee Trading May Cost Market Share, Boost TrueUSD Stablecoin: Kaiko Research Head
Binance abolished almost all zero fee trading pairs from its platform after nine months, only keeping the promotion for the TUSD-bitcoin pair.
Blockchain-Based Debt Protocol Obligate Records First Bond Issuance on Polygon Network
Swiss commodities trading firm Muff Trading AG issued corporate bonds using Obligate’s decentralized finance platform, which is set to open to the public on March 27.
Crypto Trading Firm Auros Secures $17M Investment as It Recovers From FTX Woes
Auros, the trading firm that lost $20 million in FTX’s implosion, was released from provisional liquidation by a British Virgin Island court after major debt restructuring and the investment led by TradFi trading firm Vivienne Court and bitcoin miner Bit Digital.
Circle Confirms $3.3B of USDC's Cash Reserves Stuck at Failed Silicon Valley Bank
Silicon Valley Bank, one of the reserve banking partners for Circle's USDC stablecoin, was shut down by regulators on Friday.
Circle’s USDC Endured $1B of Net Redemptions Since Silicon Valley Bank's Shutdown
Stablecoin issuer Circle held an undisclosed amount of USDC’s cash reserves at now-failed Silicon Valley Bank.
Scrutiny Falls on $43B USDC Stablecoin’s Cash Reserves at Failed Silicon Valley Bank
Circle’s USDC, the second-largest stablecoin, with $43 billion market capitalization, held an undisclosed part of its $9.8 billion cash reserves at failed Silicon Valley Bank.
