Stablecoin
Bitcoin Price Crossed $57K; Is Stablecoin USDC Making a Comeback?
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the rally in bitcoin (BTC) and ether (ETH) continues. Plus, insights on the increasing liquidity of Circle's USDC stablecoin.
Stablecoin Market Cap Hits $140B, Highest Since 2022 Amid USDC Resurgence, Tether Growth
Stablecoin supply is a "thermometer" for money flows entering the crypto market, one analyst noted.
Total Supply of USD-Pegged Stablecoins Hit $128B: Glassnode
A Glassnode report shows that the stablecoin sector has seen significant increases in fiat inflows, with the total supply of USD-pegged tokens reaching $128.5 billion. The report notes that the spike is predominantly fueled by USDT, which has a 74.3% market share. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
Collapsed Real Estate-Backed Stablecoin Charts Path to Recovery
Tangible is looking to move past its failed stablecoin after learning the liquidity lesson the hard way.
USDC Stablecoin Issuer Circle Dumps Tron Network; TRX Steady
Circle cited its “risk management” framework as part of the decision, among other factors.
Y Combinator, Startup Incubator Behind Airbnb, Coinbase, and Stripe, Looks to Invest in Stablecoin Finance
YC also said that the numbers behind stablecoin finance reflect "the opportunity seems much more immense still."
A Statement Said Ethena Labs Raised Millions From Some Big Names. Then Chaos Ensued.
"It was an honest mistake," said Ethena's co-founder.
Tether and Circle Stablecoin Purchases Dominate in Argentina
The country has long suffered from economic troubles and the inflation rate last year rose above 200%.
Bitcoin Rises for a Fifth Day; DeFi Platform Nears $1B in Total Value Locked
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the price of bitcoin (BTC) is rising for a fifth day, surpassing the $47,000 mark early on Friday. Pendle has almost reached $1 billion in total value locked, with most of that value locked in within the last six months. And, crypto industry groups in the U.K. say local regulators’ proposals for supervising stablecoins need reworking.
Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue Stablecoins Backed by U.S. Treasuries
A kind of ‘money middleware for the digital age,’ the M^0 smart contract ruleset aims for institutional grade stablecoins that are decentralized and interoperable.
