BUSD dips beneath DAI market cap after $95 million burn
A $95 million burn of BUSD caused the stablecoin’s market capitalization to fall below that of rival DAI.
Tether under attack as whales dump USDT; CTO stands firm
Tether witnessed a slight depegging from its 1:1 ratio with USD amid whales dumping the stablecoin. However, Tether’s CTO stood strong in the face of the selling pressure.
Tether Calls Out CoinDesk Not To Disclose Any Information Amidst USDT Attack
CoinDesk reported an attack on USDT via DeFi and CEX on the same day the documents were released. Tether has requested that CoinDesk not disclose any information about their past…
Tether says New York handed over financial documents to CoinDesk
Tether says the NYAG handed over documents to CoinDesk from its 2021 settlement, including bank statements.
Tether (USDT) Loses Its $1 Peg
Over the past few hours, Tether’s USDT has been destabilizing and has lost its $1 peg. The community cites heavy selling pressure.
Breaking: USDT Depegs Again As Whales Dump Largest Stablecoin
Whales have been selling off significant amounts of Tether (USDT), the largest stablecoin in the cryptocurrency market, leading to a surge in its dominance within the Curve 3pool liquidity pool.…
Tether Shuffles The Deck: 750 Million USDT Shifted From Tron To Ethereum
The company behind the issue of USDT stablecoin, Tether Holdings, has announced that it will work with a third-party exchange to convert 750 million USDT from Tron to Ethereum ERC20…
TrueUSD (TUSD) Strives to Resume Minting with Prime Trust
In recent updates, the TrueUSD (TUSD) team has announced that they are actively engaged in efforts to resume TUSD minting on Prime Trust. This announcement was made following an unexpected…
Hong Kong and the US aim for stablecoin regulations by 2024
The U.S. is another country currently working on stablecoin market regulations having introduced three drafts of the bill until June first week.
TrueUSD Suspends Token Creation via Prime Trust Amid Speculation and Uncertainty
TrueUSD, the prominent stablecoin, has made the unexpected decision to suspend its token creation via Prime Trust, leading to speculation and uncertainty within the industry. While the move has raised…
