stablecoin

CDCROP: AI Art Artwork Charts Graphs Markets Abstract (Midjourney/CoinDesk)
Short-Term BTC Holders, Stablecoin Supplies Could Indicate Cryptos Future Price Direction
The two data points may show whether bitcoin moves higher or declines further in the aftermath of the U.S. central bank's 25 basis point rate increase Wednesday.
CDCROP: AI Art Artwork Charts Graphs Markets Abstract (Midjourney/CoinDesk)

Tether logo (Nikhilesh De/CoinDesk)
Tether Stability Made It the Safest Stablecoin Bet Amid U.S. Banking Crisis, Analysts Say
Tether sold at a slight premium earlier this month even as most stablecoins were dented.
Tether logo (Nikhilesh De/CoinDesk)

Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration
This Crisis Will Define the Future of Money
The recent collapse of three high profile banks Silicon Valley Bank Silvergate Bank and Signature Bank has caused worrying outflows at hundreds of regional banks Now with the U S Federal Reserve creating a new backstop facility reportedly worth 2 trillion and Switzerland’s central bank bailing out Credit Suisse to the tune of 54 billion [...]
Conceptual business illustration of risk zone metaphor with businessman silhouette standing like between a rock and a hard place. Minimalistic vector illustration

(Luis Villasmil/Unsplash)
SVB Collapse Shows the Rot in U.S. Banking and Dollars
Bank balances and money itself are effectively illusions. Reserve co-founder Nevin Freeman considers an alternative.
(Luis Villasmil/Unsplash)

Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)
The Banking Crisis Has Been Good for Stablecoin Experimentation
Sovryn, a Bitcoin DeFi protocol, announced a new dollar proxy as others look at alternative models for collateralizing stablecoins amid a banking system crisis.
Circle CEO Jeremy Allaire (Danny Nelson/CoinDesk)

Bitcoin dominance chart (TradingView)
Bitcoin Dominance Reaches 9-Month High
The bitcoin dominance rate has climbed amid increasing turbulence in crypto markets, and more lately as the price of bitcoin also reached a nine-month high.
Bitcoin dominance chart (TradingView)

(Benjamin Davies/Unsplash)
Russians Use Tether to Send Money to the West, Evading Sanctions and KYC – Transparency International
Russian banks may be cut off from the SWIFT international payments network but, despite wide-ranging international sanctions, money keeps flowing between Russia and the West. Brokers are ready to turn Russian rubles into foreign currency abroad, in cash.
(Benjamin Davies/Unsplash)

(Sandali Handagama/ CoinDesk)
Circle USDC Rebounds From Depegging, but Stablecoin Observers See an Uncertain Future
Nearly 4 billion USDC has been removed from the circulating supply since Friday with more USDC being burned than minted, data shows.
(Sandali Handagama/ CoinDesk)

LQTY Token on Glittering Particle Swirl (Liquity/Getty Images)
Decentralized Borrowing Protocol Liquity’s LQTY Token Soars Amid USDC Chaos
The price increase of LQTY comes amid heightened interest in stablecoins following the depegging of USD Coin and the shutdown of several crypto-friendly banks.
LQTY Token on Glittering Particle Swirl (Liquity/Getty Images)

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Silicon Valley Bank Collapse: Crypto Impact and What's Next
The abrupt collapse of the Silicon Valley Bank and Signature Bank prompted U S regulators to impose emergency measures to protect depositors This comes on the heels of crypto friendly Silvergate Bank’s shutdown in the same week Here’s a look at how SVB s closure is sending ripple effects across the crypto industry and what’s [...]
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