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Tag: depegging

Aave Freezes Stablecoin Trading Amid Price Volatility

Aave, a popular lending protocol in the decentralized finance (DeFi) space, has taken action to mitigate the impact of recent price volatility in the...

Banks increase risks to stablecoins

The recent depegging of Circle's USD Coin (USDC) caused a stir in the cryptocurrency market, with Binance CEO Changpeng "CZ" Zhao pointing fingers at...

Binance CEO CZ ‘Banks are a risk to fiat-backed stable coins’ in reaction to SVB, USDC Depegging

Meanwhile, Binance is not alone in considering a move into traditional finance; with Kraken has also stating its intentions to open a bank, a...

How and why do stablecoins depeg?

Stablecoins are a type of cryptocurrency designed to have a stable value relative to a specific asset or a basket of assets, typically a...

“CZ” Warns Traditional Banks Are a Threat to Stablecoins After USDC Depegging

Depegging of USDC due to $3.3 billion withdrawal request not processed by SVB Involvement of traditional banks raises risks for stablecoins Need for...

Makerdao Issues Emergency Proposal to Address $3.1B in USDC Collateral After Stablecoin Depegging Incident

On March 11, 2023, the decentralized finance project Makerdao issued an emergency proposal following the USDC depegging incident that saw the stablecoin dip...

USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity

On Saturday, March 11, 2023, crypto advocates are concerned as a few stablecoin assets have depegged from their $1 parity. The second-largest stablecoin...

ADA Price Prediction: Buying Pressure At Key Fibonacci Support Encourage Cardano for 15% Relief Rally

Published 23 hours ago ADA Price Prediction: The Cardano coin price has witnessed a directional downfall for the last three...

Aavegotchi bonding curve closes on exact day of DAI depeg

According to play-to-earn nonfungible tokens (NFT) protocol Aavegotchi on Mar. 11, the entity closed the bonding curve defining the exchange rate between its namesake...

USDC Stablecoin Falls to 87 Cents After Circle Discloses Exposure to Silicon Valley Bank

US Dollar Coin, the No. 2 stablecoin by market cap, designed to remain always priced at $1, is currently trading at 91 cents, according...

Will the Ongoing USDC Depeg Worsen Crypto Winter Further?

9 hours ago | 2 mins read Altcoin News 25% of Circle’s USDC cash...

Cryptocurrency Price Prediction Today Mar 11th: Kucoin and Bone ShibaSwap Surged 6% While Maker and Frax Share Tumbled 10-12%

Published 52 mins ago Cryptocurrency price prediction today Mar 11th: the recent bloodbath in the crypto market triggered by the...

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