Stablecoins are cryptocurrencies whose value is pegged to another cryptocurrency, fiat currency, or exchange-traded commodities.

The majority of stablecoins are backed by fiat currency reserves held by the stablecoin's issuer, although other stablecoins are backed by cryptocurrency reserves

The Stablecoins sector has a market cap of $ 185.74 billion, accounting for 9.98% of the entire cryptocurrency market size.



#Stablecoins #Crypto #USDT #USDC #BUSD

Stablecoins are a less volatile alternative to typical cryptocurrencies.

Given their price stability, stablecoins help relieve some of the volatility that comes with investing in cryptocurrency

The overall 24-hour volume of all stable coins is now $224.01 billion dollars, accounting for 97.82 percent of the total crypto market volume.

Here are the top stablecoins to choose from in the Marketcap.

Tether is the largest valuable stable coin by market capitalization, accounting for about 44% of the whole $170 billion stablecoin markets.

Followed by the rest!!



#Stablecoins #USDT #USDC #UST

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USDC Depegs - Binance and Coinbase Halts USDC Trading

Due to the closure of Silicon Valley Bank, Circle, the provider of the #USDC stablecoin, is under a lot of pressure (#SVB).

#Circle's confirmation that $3.3 billion was trapped in Silicon Valley Bank caused a sell-off, which caused USDC's value to fall below its $1 peg.

The second-largest #stablecoin, USD Coin (USDC), had an 11% decline in its dollar-pegged value during the past day.

The #cryptocurrency exchanges #Coinbase and #Binance have halted USDC due to the current extreme volatility.

The market cap of #stablecoins is ~$130B, making up 8.24% of the total #crypto market. Leading the pack: Tether (#USDT) with a massive $91.04B market cap, USD Coin (#USDC) at $24.87B, and Dai (#DAI) at $5.35B.

Resilient against #market volatility, stablecoins have maintained their pegs amidst increased regulatory scrutiny and a shift towards #decentralized models.

These top stablecoins dominate the market by share, highlighting their significant role in the #cryptocurrency world.

#Solana trader turns $2,220 into $5.7 million in 6 days with #ANALOS meme coin.

Trader strategically buys 16 billion ANALOS, sells 14.5 billion for $3.45 million in #USDC.
https://coinpedia.org/news/solana-based-meme-coin-soars-as-crypto-trader-turns-2k-investment-into-5-7million/

#Circle discontinues #USDC minting on #Tron due to regulatory concerns, facilitating transition to other platforms.

Tron's ties to regulatory issues prompt Circle's withdrawal, emphasizing USDC's safety and regulatory adherence. #cryptonews
https://coinpedia.org/news/circle-ends-support-for-usdc-on-tron-blockchain-a-strategic-shift-for-stability/

Top #CryptoNews In Last 12 Hours

1️⃣ #Circle discontinues minting #USDC on Tron network to maintain trust, urges users to transfer holdings elsewhere.

2️⃣ Japanese #GameFi community seeks Liberal Democratic Party's help to address liquidity issues caused by strict #crypto #regulations.

3️⃣ #MicroStrategy's Michael Saylor plans to perpetually buy Bitcoin, deeming it superior to gold, real estate, predicting capital shift & has no plans to sell #Bitcoin holdings.

4️⃣ #Binance imposes USDT price cap in Nigeria to comply with local regulations, prompting traders to seek alternatives.

5️⃣ Japan's Financial Services Agency clarifies stance on #P2P crypto transfers, urging banks to prevent sender-receiver name discrepancies to curb fraud, emphasizing investor protection.

Top 10 Cryptocurrencies by Market Cap! 📊

Curious about which cryptocurrencies are leading the market? Here's the latest snapshot of the top 10 cryptocurrencies by market cap:

Bitcoin (BTC): $1,358,499,870,661
Ethereum (ETH): $452,313,477,607
Tether (USDT): $112,242,780,862
BNB: $94,998,103,830
Solana (SOL): $76,068,048,492
USD Coin (USDC): $32,281,201,833
XRP: $29,025,511,305
Dogecoin (DOGE): $22,921,297,318
Toncoin (TON): $16,724,532,950
Cardano (ADA): $16,277,173,342

Bitcoin continues to dominate, but the competition is heating up! 🔥

Stay tuned to CoinPedia for all the latest crypto insights and updates! 📰🚀



#Cryptocurrency #MarketCap #Bitcoin #Ethereum #Tether #BNB #Solana #USDC #XRP #Dogecoin #Toncoin #Cardano #CryptoNews #Blockchain #CoinPedia