Follow stablecoin news, issuer updates, market share changes, regulation, reserve transparency, and payment adoption trends.
While Anchor looks similar to most other lending protocols, its high APY for stablecoins (always around 20%) makes it stand out. So, how does Anchor Protocol work? And how does it achieve such high returns?
Tether’s treasury bills and money market allocation increased significantly by 77.6% and 200%, respectively.
Terra’s native token LUNA is up over 14% following the news of one of the more impressive raises the crypto space has seen to date.
The executive order is reportedly aimed at directing state agencies to formulate a government-wide strategy to regulate crypto assets and examine financial stability issues that may arise from digital assets.
Let the private sector come up with a solution to the CBDC dilemma. Maybe you heard it before, but the U.S. already has a, or rather several, digital dollars. They’re called stablecoins, and all the U.S. government basically has to do, to leapfrog China, is to say okay.
While the Chinese digital yuan is being rolled out during the Beijing Winter Olympics, the European Union is now planning to propose a bill for a digital euro early next year.
The total market cap of all stablecoins surpassed $150 billion on Monday. Tether’s USDT is still the largest stablecoin on the market, but Center’s USDC is catching up.
Checking against the internal record of blacklisted addresses cost USDC users millions of dollars each month. This makes the stablecoin USDC around 40% more expensive to use than the decentralized stablecoin DAI.
Circle-backed stablecoin, USDC, now controls around 30% of the stablecoin market share after minting its 50 billionth token.
