Loading
Welcome at World Crypto Global. This portal is packed with useful content and resources to built out your own crypto skills. WorldCrypto is a site member of Gabriel Vega Network.
The decentralized stablecoin $sUSD, issued by Synthetix, is experiencing a rapidly growing depegging crisis. After a concerning drop, the token is now at $0.8030, a full 5% down in the last 24 hours. This steady slide has resulted in us saying that the stablecoin is fast reaching a market cap of $25.46 million, which in [...]
Four stablecoins have reduced their supplies this month, while the stablecoin token TrueUSD (TUSD) has seen its supply jump 110% higher over the last 30 days. TUSD resides natively on four different blockchains. The number of Ethereum-based TUSD rose 27%, while the number of Tron-based TUSD stablecoins increased by 218%. TUSD Supply Swells, Tron-Issued Stablecoins [...]
The post Stablecoin Supply Shift: TUSD Jumps 110% While Others Experience Reductions appeared first on Crypto Breaking News.
Italy’s top banking authority has called for a “robust, risk-based” regulatory framework for stablecoins, which could help prevent a worst case scenario — a “run” on stablecoins. The central bank’s recently released Markets, Infrastructures and Payment Systems report for June 2023 has called on regulators to apply the same financial conduct standards to stablecoin issuers [...]
The post Italy’s central bank calls for framework to prevent stablecoin runs appeared first on Crypto Breaking News.
Terraform Labs faces a “big hill to climb” as the progress of its various projects in development are constantly being impeded by frequent accusations against Do Kwon, according to Terra’s new interim CEO Chris Amani. During a July 20 Twitter Spaces, titled A Terra Community Talk, Amani joined several Terra employees to discuss the challenges [...]
The post Terra interim CEO says any ‘little progress’ made gets derailed by accusations appeared first on Crypto Breaking News.
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization.
The depegging of USD Coin (USDC) and Dai (DAI) from the US dollar resulted in more than $2 billion in loan repayments on decentralized lending protocols Aave and Compound, with borrowers saving a total of over $100 million. USDC and DAI started heading back toward their peg, and repayment activity tapered off in the following days. (Read More)
The collapse of Silicon Valley Bank and Signature Bank caused major chaos, resulting in stablecoins depegging from the U.S. dollar. The federal government has taken action to protect depositors, and President Joe Biden has vowed to hold those responsible accountable. (Read More)
The price of Bitcoin (BTC) increased by 14.4% between March 12-13 after it was confirmed that financial regulators had rescued depositors in the failing Silicon Valley Bank (SVB). The intraday high of $24,610 may not have lasted long, but $24,000 represents a 45% increase year-to-date. On March 12, U.S. Treasury Secretary Janet Yellen, Federal Reserve [...]
The post Bitcoin futures premium falls to lowest level in a year, triggering traders’ alerts appeared first on Crypto Breaking News.
On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and [...]
The post Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums appeared first on Crypto Breaking News.
The stablecoin USDC has nearly regained parity with the U.S. dollar after rising just above $0.99 on March 12, 2023, at 7:20 p.m. Eastern Time. The stablecoin jumped back to the $0.99 range after the U.S. Federal Reserve revealed it would bail out depositors of California’s Silicon Valley Bank (SVB) and New York’s Signature Bank. [...]
The post USDC Stablecoin Nears Parity With USD After Fed’s Bailout Announcement appeared first on Crypto Breaking News.
Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a fiat currency such as the U.S. dollar, euro or Japanese yen. Stablecoins are designed to offer a “stable” store of value and medium of exchange compared with more traditional cryptocurrencies like [...]
The post How and why do stablecoins depeg? appeared first on Crypto Breaking News.
On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin USDC, issued by Circle Financial, fell below $0.90, reaching a low of $0.877 per coin. Additionally, around five other stablecoins have dropped below the U.S. dollar parity during the early morning (ET) [...]
The post USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity appeared first on Crypto Breaking News.
USD Coin (USDC/USD) has fallen below $0.90, sharply depegging after Circle confirmed exposure to Silicon Valley Bank. The cryptocurrency news this Saturday also sees major cryptocurrencies, including Bitcoin and Ethereum struggle with selloff pressure near $20,000 and $1,400 respectively. USDC falls under $0.90 Simply, the stablecoin is falling because Silicon Valley Bank, one of ...
<p>The post Circle stablecoin USDC depegs to under $0.90 | Invezz first appeared on CCNC.</p>
The HUSD team explained that the depeg was caused as they closed market maker accounts in some regions to comply with regulations.
Announcing through Discord, MakerDAO’s founder Rune Christensen revealed that the DeFi protocol might consider de-pegging its native token DAI from stablecoin USD Coin (USDC). (Read More)
This is a post-mortem of the Terra/UST depegging. Learn everything you need to know about the situation here. Covered: Background Luna And UST Relationship UST Depegging Aftermath/Concerns BACKGROUND The crypto market has faced an unprecedented crash, due to which the prices of popular cryptocurrencies such as Bitcoin, Ethereum, and many others went down sharply after […]
The post Everything You Need To Know About The UST Depegging appeared first on CryptosRus.
Justin Sun, the controversial man behind Tron, was surprisingly not-cagey when pressed whether he was responsible for the UST depeg. Covered: Justin Sun UST Depeg Rumors Sun’s Controversial Past Justin Sun UST Depeg Rumors In an interview, Tron founder Justin Sun was asked point blank whether he was responsible for the UST depeg that has […]
The post Justin Sun Responds To Whether He Caused UST Depeg appeared first on CryptosRus.
During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the depegging event of USDC on March 11, 2023. Furthermore, since March 6, a total of 439.48 million BUSD stablecoins have been redeemed. Stablecoin Depegging Event Triggers Billions in Redemptions The stablecoin landscape [...]
The post Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation appeared first on Crypto Breaking News.
The collapse of Silicon Valley Bank (SVB) saw investors loading their bags with USD Coin (USDC), along with an exodus of funds from centralized exchanges (CEXs) to decentralized exchanges (DEXs). Outflows from centralized exchanges often spike when the markets are in turmoil, explained blockchain analysis firm Chainalysis in a March 16 blog post, as users are [...]
The post Crypto users turned to DEXs, loaded up on USDC after Silicon Valley Bank crash appeared first on Crypto Breaking News.
Tether's USDT stablecoin slips below dollar peg, CTO reaffirms readiness and offers redemption to holders.
World Crypto Global opens the door to digital freedom for everyone.
Manage your free WCG Coins securely—where simplicity meets global accessibility.
FREE CRYPTO COINS
AVAILABLE FOR RESERVATION
ALREADY ALLOCATED
No fees. No catch. Your crypto journey starts here.
World Crypto Global
