Ripple has launched a stablecoin pegged to the US dollar, looking to disrupt a market dominated by two incumbents.
Browsing: USDC
When the world’s second largest stablecoin got caught up in the collapse of a California bank late last week, it reprised a now-famous maxim.
Cryptocurrency firm Circle said on Sunday all its depositors with the collapsed Silicon Valley Bank and Signature Bank will be made whole.
The fallout from the failure of Silicon Valley Bank unhinged a key cog in the market that’s meant to be among the safest digital assets in the crypto space.
Repeated assurances by the backers of Tether that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets.
Tether is releasing a crypto token tied to the value of the British pound as part of a push into new stablecoins.
Tether, USDC and others lost their prized pegs to the dollar last week. But was it an isolated outburst, or are they losing their soul?
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The hottest spot in crypto right now is coins with prices that don’t move.
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