[ad_1] The USDC stablecoin is on the verge of regaining parity with the US dollar after rising just above $0.99 on March 12, 2023, 7:20 PM Eastern Time. Stablecoins jumped back into…
Category: Dai
Aave discontinues stablecoin trading on its V3 deployment- Here’s why
[ad_1] Aave has frozen stablecoin trading on Avalanche’s V3 deployment. AAVE was caused by a decrease in price due to selling pressure exceeding buying pressure. In response to the recent price volatility…
Crypto Platform Huobi Exchanged $100,000,000 USDC for DAI During Stablecoin Depegging Scare: On-Chain Data
[ad_1] Crypto exchange Huobi converted $100 million worth of USD Coin (USDC) into Dai (DAI) as uncertainty spread in the stablecoin market this weekend, on-chain data shows. According to blockchain tracking company…
USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident – Market Updates Bitcoin News
[ad_1] On Saturday, several centralized crypto trading platforms and payment processors stopped USDC automatic conversion. However, USDC experiences significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap….
MakerDAO surge following new proposal on stablecoins
[ad_1] MakerDAO isolate itself from the vulnerabilities to risks associated with stablecoins according to the company’s new proposal. This is a reaction to the recent USDC depegging, which has revived concerns over…
MakerDAO Devises Emergency Plan To Safeguard DAI Stablecoin
[ad_1] 6 seconds ago | 2 minutes of reading Altcoins News The value of DAI, a stablecoin tied to the US dollar, fell to an all-time low of $0.88. Stablecoin issuers have…
USDC Stablecoin Depegging Causes Concern Among Crypto Advocates, 5 Other Stablecoins Slip Below Parity – Bitcoin News
[ad_1] As of Saturday, March 11, 2023, crypto proponents are worried as several stablecoin assets have been reduced from their $1 parity. The second largest USDC stablecoin, issued by Circle Financial, dipped…
MakerDAO launches emergency proposal to limit USDC exposure
[ad_1] MakerDAO’s risk unit issued an emergency proposal to the governance community following the depegging of the USDC stablecoin following the collapse of Silicon Valley Bank. Maker is a DeFi lending…