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
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
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
🔹 Guarda Wallet is the leading #decentralized multi-platform #crypto wallet that supports 50+ major #blockchains, 400k+ tokens, and dozens of stablecoins.
🔹 Do you know? With Guarda wallet #crypto transactions are even easier to remember and convey, more like an Instagram or Twitter handle, or your email address with HRA (Human-Readable Addresses) including Unstoppable Domains, FIO Protocol, & ENS.
🔹 Downloaded by nearly 100k+ users on #google play itself.
🔹 The wallet comes with multiple offerings including #GRD (a native token of Guarda) trade & exchange cryptos, stake up to 15 cryptos, Create your own #ERC-20 token, get loans in #USDT or #USDC #stablecoins, and #cold storage with the Ledger wallet.
🔹 Guarda’s major partnerships include Spookies NFT, Ledger, CoinSwitch Kuber, STASIS, and more.
🔹 Read More: https://www.linkedin.com/feed/update/urn:li:activity:7003354123404292096
🔹 Do you know? With Guarda wallet #crypto transactions are even easier to remember and convey, more like an Instagram or Twitter handle, or your email address with HRA (Human-Readable Addresses) including Unstoppable Domains, FIO Protocol, & ENS.
🔹 Downloaded by nearly 100k+ users on #google play itself.
🔹 The wallet comes with multiple offerings including #GRD (a native token of Guarda) trade & exchange cryptos, stake up to 15 cryptos, Create your own #ERC-20 token, get loans in #USDT or #USDC #stablecoins, and #cold storage with the Ledger wallet.
🔹 Guarda’s major partnerships include Spookies NFT, Ledger, CoinSwitch Kuber, STASIS, and more.
🔹 Read More: https://www.linkedin.com/feed/update/urn:li:activity:7003354123404292096
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.
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.
Coinbase's Game-Changing Move: Revolutionizing Stablecoins with Circle Partnership!
#Coinbase acquired part of Circle Internet Financial, gaining influence over USD Coin (#USDC), a significant #stablecoin. USDC's role expands under #Circle's control, impacting stablecoin sector.
https://coinpedia.org/news/coinbase-and-circle-partner-to-strengthen-usdc-as-centre-consortium-ends/
#Coinbase acquired part of Circle Internet Financial, gaining influence over USD Coin (#USDC), a significant #stablecoin. USDC's role expands under #Circle's control, impacting stablecoin sector.
https://coinpedia.org/news/coinbase-and-circle-partner-to-strengthen-usdc-as-centre-consortium-ends/
CoinPedia
Coinbase and Circle Partner to Strengthen USDC as Centre Consortium Ends
Coinbase (COIN) has acquired a minority stake in Circle Internet Financial, coinciding with the restructuring of the Centre Consortium partnership,
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.
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/
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/
CoinPedia
Here’s How a Solana Trader Turned $2,220 into $5.7 Million in 6 Days
The wild world of meme coins on the Solana blockchain has once again captured headlines. Imagine turning a modest investment of $2,220 into a jaw-dropping
#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/
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/
CoinPedia
Circle Slashes USDC Ties with Tron Blockchain Amid Regulatory Heat
In a noteworthy development, Circle, a Boston-based crypto firm, has made a crucial decision regarding its widely-used stablecoin, USDC, on the Tron
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.
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
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