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The Wuling COVID Testing Cars will be delivered at the end of May

HONG KONG, May 23, 2022 - (ACN Newswire) - On May 13, Guo Yanhong, the supervisor of the Medical Administration and Hospital Authority of the National Health Commission,...

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5 Best Crypto to Buy for Lower Risk Returns March 2022 Week 3

Cryptocurrencies play a pivotal role in the financial industry, enabling investors to earn high profits through various strategies. Several crypto assets provide yields, but the [...]

Alchemix: Real Magic at Work or a Brewing SCAM?

I first heard of Alchemix through an acquaintance when I was bemoaning about how I am rubbish at making money from crypto. What caught my attention about Alchemix was: self-paying loans. That was the magic phrase. My ears shot up like rabbits upon hearing the sound of a predator coming. So many questions followed. Of […]

The post Alchemix: Real Magic at Work or a Brewing SCAM? appeared first on Coin Bureau.

Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise

stablecoins-now-at-$187-billion,-ust-and-usdn-volume-on-the-rise

There has been fast growth in the stablecoin economy, with a recent total of $187 billion, which is quite near the $200 billion thresholds. Stablecoins like Terra’s UST and Neutrino Protocol’s USDN are gaining popularity even as Tether remains the most widely used. They experienced a nearly 30% and a 44% rise in issuance in…

The post Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise appeared first on Bitcoin News Miner.

Stablecoins Now At $187 Billion, UST And USDN Volume On The Rise

There has been fast growth in the stablecoin economy, with a recent total of $187 billion, which is quite near the $200 billion thresholds. Stablecoins like Terra’s UST and Neutrino Protocol’s USDN are gaining popularity even as Tether remains the most widely used. They experienced a nearly 30% and a 44% rise in issuance in the previous month, respectively. In other words, if this trend continues, it will easily surpass $200 billion in the following months. Stablecoins Strong USD Backing Compared to other digital currencies, stablecoins are designed to be precisely that: stable. Some coins are tied to the US dollar, implying that each one is fully backed by a dollar’s worth of cash, Treasury securities, or other secure assets and may thus be redeemed at will. A tenth of all digital assets, including cryptocurrencies, are represented by these tokens. UST total market cap at $14.68 billion on the daily chart | Source: TradingView.com Related Article | Apple Co-Founder Steve Wozniak ‘Feels’ Bitcoin Will Be Worth $100,000 Tether At $80 Billion The largest stablecoin by market value, Tether has had its supply rise by 2% in the previous month and now stands at over $80 billion. The stablecoin market is dominated by USDT, with a 43.78% share. Furthermore, it is the third-largest cryptocurrency, behind Bitcoin and Ethereum, in terms of market valuation. Following Tether, we have USDC or the USD coin, which has a market capitalization of $52.5 billion, making it a significant part of the total market. Tether accounts for 28% of the stablecoin economy and is the fifth-largest cryptocurrency after Binance Coin (BNB), which is ranked fourth. Stablecoins Advancing Investors have great expectations for Terra’s UST, one of the fastest-growing stablecoins, and the Luna and UST projects as well. Market capitalization is currently $14.7 billion, up nearly 30% in the previous month. USDC frequently trades with Tether, accounting for 65% of Monday’s tether swaps. Tether is followed by BUSD, USD, EUR, and WETH as the top pairs trading with USDC. Related Article | Ripple Welcomes More Than 4,000 Artists Into Its New NFT Platform While USDT and USDC saw no significant increases in the last month, UST, FRAX, and USDN were up in their 30-day issuance rates. Terra’s UST increased by nearly 30%, and the stablecoin now has a market capitalization of approximately $15 billion. More Room For Growth Last month, FRAX, the first fractional-algorithmic stablecoin protocol, saw its 30-day issuance rate increase by 9.5%, and Neutrino Protocol’s USDN climbed by 44%. Stablecoins Facilitate Faster Trading Meanwhile, Stablecoins Like UST and USDN is primarily used today to facilitate trading other, more volatile digital assets, such as Bitcoin. However, companies around the world are working to develop stablecoins that businesses and households can use to conduct transactions, which could help make the payment system faster, more resilient, and more inclusive. Featured image from Bitcoin News, chart from TradingView.com

Stablecoin Economy Nears $200B, UST Supply Jumps Higher, USDN Spikes 43% in 30 Days

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionDuring the last 12 months the stablecoin economy has grown massive and the current valuation today is only $13 billion away from tapping the $200 billion mark. This month, the two biggest gainers in terms of 30-day issuance include Terra’s UST jumping 29.9% and Neutrino Protocol’s USDN spiking 43.8%. Stablecoin Market Capitalization Continues to Swell, […]

Blindex: Building a Currency-Blind DeFi Platform For Traders

With the current growth of the Decentralized Finance (DeFi) space, it is pretty difficult to imagine a crypto world without DeFi. At the time of writing this line, there were over 500 DeFi protocols in the market, and the number is expected to rise as the DeFi space continues to flourish. Most of these projects […]
Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Blindex Multi-Currency Stablecoin Platform Launched on RSK



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Electric Capital Plays the Long Game with $1B for Two Funds Targeting Tokens and Equity Stakes

Electric Capital unveiled $1B for two funds that will support blockchain projects with investments in equity and tokens.

Frax: a fractional-algorithmic stablecoin

Quick Take

  • FRAX is a stablecoin that is partially collateralized and partially algorithmic with the use of Frax Shares (FXS) as the seigniorage token.
  • Protocol-owned collateral is deployed into various DeFi protocols, and a portion of the profit flows to FXS stakers.
  • Frax copied Curve’s playbook in implementing a vote locking mechanism that aligns the protocol’s interest with its loyal community members by incentivizing long-term FXS staking.

Stablecoin Economy Grows Close to 10% Larger in 54 Days — GUSD, BUSD, USDC Issuance Jumps

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionAt the end of December 2021, the stablecoin economy’s market valuation was around $168.3 billion and since then, it has increased 9.92% to $185 billion in value. A number of stablecoins have issued more assets during the last seven days, as some of the top dollar-pegged coins have swelled by more than 20% since the […]

DeFi Flashed Revival Signs As Retail Inflows Pour In: Report

DeFi flashed revival signs today as the retail and institutional inflows started pouring in as we can see further in today’s latest crypto news. The inflows into the DEFI sector witnessed a huge uptick as the wider market recovered and investor sentiment improved. DEFI flashed revival signs despite having a rough start in 2022. The […]

DeFi flashes early revival signs as retail and institutional inflows trickle in

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

Inflows into the DeFi sector witnessed an uptick as the wider crypto market recovers and investor sentiment improves.

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption

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