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Stablecoins
Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens
Binance tapped into its Industry Recovery Initiative funds to cover the move.
USDC Trading Dominates Record Day for DeFi Exchanges Uniswap, Curve
Decentralized exchanges worked exactly as intended as traders rushed to exchange USDC for wrapped ether and other tokens.
TrueUSD Says ‘Small Number’ of Users Impacted by Signature Bank Closure
Stablecoin issuer says USD funds held at Signature bank are now fully backstopped by Fed.
Circle Scrambles to Right USDC After Signature Bank Failure
Circle Internet Financial is racing to find new banking partners for its USDC stablecoin.
USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High
While the Coinbase premium is usually taken to represent stronger buying pressure from U.S. investors, that's probably not the case this time.
Circle to ‘Cover Any Shortfall’ in USDC Reserves, Sparking Stablecoin Rally
The company plans to use corporate resources to fill the gap, including external capital.
Bitcoin Regains $20K After $200M in Crypto Liquidations; Some Traders Brush Off USDC Fears
Some traders are signaling strength for USD coin, citing its treasury backing in U.S.-issued bonds.
Traders Bet on USD Coin Rebound as USDC Falls to 90 Cents
Some $4 million in USDC futures were liquidated in the past 24 hours, Coinglass data shows.
DAI Depegs to Lifetime Lows as Stablecoin Rout Plagues Crypto
MakerDAO’s decentralized stablecoin hit an all-time low of 88 cents in Asian afternoon hours on Saturday.
