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Nalezeno "usdd": 45

Justin Sun says removing 12K Bitcoin from USDD is just ‘DeFi 101’

23.8.2024
USDD’s Bitcoin collateral was removed without a vote from its DAO, but Justin Sun insists it’s a normal event in DeFi.

Justin Sun’s USDD Sidesteps DAO in 12K BTC Cut

21.8.2024
In a recent development, USDD, a stablecoin on the Tron network, removed roughly 12,000 Bitcoin (BTC) from its…

Paypal’s PYUSD Supply Swells by $140.9M in 10 Days, Becomes Sixth Largest Stablecoin

16.8.2024
According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued...

Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound

17.5.2024
According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now trading at $0.958 per unit as of 8 a.m. EDT on Friday. SUSD Stablecoin Plunges to $0.915 Another stablecoin faces challenges...

August Chronicles Another Month of Decline as 9 of 10 Leading Stablecoins Witness Supply Contraction

31.8.2023
Over the past 30 days, nine of the leading ten stablecoins by market cap experienced declines, with BUSD witnessing the most significant dip, plunging 16.6%. As we wrapped up August, the combined value of these stablecoins hangs just below the $125 billion threshold, continuing a trend...

Justin Sun: The Next Do Kwon or Sam Bankman-Fried?

25.8.2023

Crypto Billionaire Justin Sun's Huobi-Linked Exchange WhiteBIT Raises Concerns Over Its Lending Platform

16.8.2023
An obscure exchange with connections to Justin Sun, WhiteBIT, has sparked concerns after advertising a staggering Annual Percentage Yield (APY) of 24.8% to users depositing Tether (USDT) for a year on its lending platform, Protos reported. This rate is five times higher than the average USD money...

Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience

25.7.2023
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins...

Stablecoin dominance slides as market cap falls to near 2-year lows: CCData

21.7.2023
After 16 consecutive months of decline, the stablecoin market dominance has fallen to 10.3% of the total crypto market capitalization

Stablecoin Market Records $2.4B in Redemptions in 30 Days as Leading Tokens Experience Supply Decline

15.6.2023
According to statistics, over the span of 30 days, from May 15 to June 15, 2022, more than 2.4 billion stablecoins were redeemed. During this period, three of the leading stablecoins experienced a decline in their supplies ranging from 4% to 19% compared to the previous month. Stablecoin Economy...

Tether Grows 2.3% as Stablecoin Economy Loses $2.4 Billion in Value Since March 31

25.4.2023
While several top digital assets have decreased in value against the U.S. dollar over the past month, the stablecoin economy has lost $2.4 billion in value since March 31, 2023. Four of the top five stablecoins experienced net redemptions over the last 30 days, except for tether, which grew by 2.3%...

Circle’s USDC instability causes domino effect on DAI, USDD stablecoins

11.3.2023
Following USDC’s depegging, three stablecoins — DAI, USDD and FRAX — also depegged from the dollar

Tron’s USDD Stablecoin Experiences Fluctuations Again, Drops Below $1 Parity in Early 2023

11.1.2023
The Tron-based stablecoin USDD fell below $1 parity again during the first week of 2023 and on Jan. 10. Four days ago, the stablecoin dropped to $0.972 per unit and on Tuesday, Jan. 10, 2023, USDD slipped to $0.977 per unit. At the time of writing, the Tron-issued stablecoin is trading at 98 cents...

Tron Price Sinks 8%, USDD Depegs Amid Drama at Justin Sun-Related Huobi Crypto Exchange

6.1.2023
Community sentiment soured around Huobi, on whose board Sun is an advisor, as it is said to be laying off hundreds of staff in the coming weeks

Oryen Network multiplies market cap by 3X during presale even though TRON and USDD are under pressure

14.12.2022
As TRON and USSD struggle to stabilize their prices, ORY is generating 3X greater gains for investors in its presale. TRON (TRX) and USDD A decentralized, open-source network called TRON aims to give millions of users access to various financing options. It offers various earning and trading...

Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital

12.12.2022
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project...