Tag: stablecoin market

Since the start of this year, the crypto economy has grown by 41.77% and currently has a market capitalization of $1.17 trillion. However, during this period of growth, the stablecoin economy suffered a significant loss of $7.3 billion in just 140 days.

Cryptory.net - Crypto users are fleeing Circle's stablecoin USDC and switching to Tether's USDT, which is reaching the highest market share over the past 22 months.

Djed stablecoin will soon be available on Ethereum, BNB Chain, and other networks.

In response to crypto developments, 15 companies issuing 20 different stablecoins formed a new body to represent the market.

Cryptory.net - Decentral Bank, the issuer of Near-native stablecoin USN, said it could no longer maintain the project due to the decline in price of NEAR.

Cryptory.net - Wemade Co., Ltd., a blockchain video game developer based in South Korea, has launched its stablecoin - WEMIX.

Cryptory.net - The biggest Indian crypto exchange WazirX will suspend deposits and withdrawals of stablecoins USDC, USDP and TUSD.

Cryptory.net - In addition to USDC, Binance will also stop supporting two other stablecoins TUSD and USDP.

Cryptory.net - Shiba Inu's SHI stablecoin is expected to launch in late 2022.