Tether Integrates Kava for Its Interactions with Cosmos USDt
Tether will leverage Kava to help improve user experience in the Cosmos ecosystem, by addressing liquidity and improving DeFi performance.
AAVE spikes 27%, whale accumulating ahead of GHO stablecoin mainnet launch
AAVE, the native governance token of Aave, a decentralized, multichain, and non-custodial lending and borrowing protocol, is up 27% as of June 25
Trader takes $4M short position on TrueUSD as issuer halts mints and redemptions
An Ethereum user used Aave’s v2 lending platform by depositing 7.5 million USDC as collateral.
Trader Takes Advantage of TrueUSD’s Banking Woes, Opens On-Chain Short Position
Recently, a trader has made a strategic move by opening an on-chain short position on TrueUSD (TUSD), a stablecoin. This decision came after the issuer faced challenges with its banking…
Opportunistic Ethereum Trader Exploits TrustToken’s TrueUSD Suspension to Capitalize on Market Volatility
TrustToken’s recent decision to temporarily suspend mints and redemptions of its stablecoin, TrueUSD (TUSD), through its banking partner, Prime Trust, has created a window of opportunity for astute Ethereum traders…
CBDCs and stablecoins: problems with banks
CCData recently released the June 2023 Stablecoins & CBDCs Report, a state of affairs of major fiat currency stablecoins and central bank digital currencies (CBDCs).
Coinbase Adds Support for USD Coin (USDC) on Stellar, Enabling Faster and Cheaper Transactions
Coinbase’s recent announcement regarding the addition of support for USD Coin (USDC) on the Stellar network has caught the crypto community’s attention. The move signifies Coinbase’s commitment to facilitate both…
TrueUSD maintains it has no exposure to Prime Trust despite community claims
TrueUSD (TUSD) stated in a June 22 Twitter post that it is not affected by the issues faced by crypto custodial firm Prime Trust.
TrueUSD (TUSD) Remains Unaffected by Prime Trust Suspension of Deposits and Withdrawals
The TUSD stablecoins issuer confirmed to the users that it had no exposure to Prime Trust and that all funds are safe.
Trader opens $4 million short on the TUSD stablecoin on Aave
A trader has opened an on-chain short position on the TUSD stablecoin amid the issuer’s links with Prime Trust.
