Stablecoin
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Circle’s Regulated Reserves: A Boost For Trust And Confidence In Stablecoins
On March 10, according to the audit report of stable currency issuer Circle in January this year, Circle has reserves in many regulated financial institutions …
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Paxos Treasury burns $95.8 million in BUSD tokens – A reflection of stablecoin management
According to the report, Whale Alert data showed that Paxos Treasury destroyed 95826598 BUSD.
Paxos Treasury destroyed 95826598 BUSD
Interpretatio…
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USDC Activity Shows Stability Amidst Crypto Market Volatility
According to reports, Glassnode data shows that the number of addresses sent by USDC has just reached 1407.131 in the past hour (the average of 7 days), reachi…
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US SEC Commissioner Hester Peirce Addresses Stablecoin Questions
It is reported that Hester Peirce, the commissioner of the US SEC, said on social media that he received many questions about the stable currency and the SEC, …
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Coinbase to Launch Euro Stablecoin (EUROC)
On February 22, according to the official news, Coinbase will launch the Euro Coin (EUROC). If the liquidity conditions are met, the transaction will start at …
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Circle’s USDC Stablecoin Gains Ground in the Crypto Market
It is reported that, according to official data, from February 9 to February 16, Circle issued a total of US $9.7 billion of USDCs and redeemed US $9.6 billion…
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BUSD Trading Volume Reaches One-Month High: Signs of a Stablecoin Comeback?
According to reports, Glassnode data showed that the trading volume of BUSD (7d MA) reached US $91130879.01, a one-month high.
BUSD trading volume reac…
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The Rise of USDT as a Preferred Stablecoin on Binance
According to the news, Gabor Gurbacs, director of digital asset strategy of VanEck, an investment management company in New York, said on social media that som…
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BUSD’s Drop in Market Value Triggers Shift in Stablecoin Market
According to reports, Zhao Changpeng tweeted that in recent days, the market value of BUSD has dropped from $16.1 billion to $13.7 billion, down $2.45 billion,…
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USDC Treasury Destroys $220 Million Worth of Stablecoins: What Does It Mean for the Cryptocurrency Market?
According to reports, Whale Alert data showed that at 05:16 on February 15, 2023, the USDC Treasury destroyed 220000000 USDCs.
USDC Treasury destroyed …
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Tether’s $1 Billion USDT Issuance and its Impact on the Crypto Market
On February 13, according to Whale Alert data, Tether, the stable currency issuer, issued 1 billion additional USDTs on the wave field network at 23:19 Beijing…