Stablecoins
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Understanding Stablecoins: A Comprehensive Guide to USD-Backed Cryptocurrencies
According to reports, according to CoinGecko data, the current total market value of stable currency is 134.6 billion US dollars. Among them, the market value of USDT was 79.4 bill
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Tether Mints 1 Billion USDTs on Wave Field in March 24th
On March 24th, according to data, the stable currency issuer Tether minted 1 billion USDTs on the wave field at 06:04:03 today, and this week it has minted 3 billion USDTs on the w
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Coin On Announces Launch of Three New Trading Pairs
According to reports, Coin On officially announced that it will launch three new trading pairs, AGIX/TRY, LOOM/USDT, and OAX/USDT, on March 24, 2023 at 08:00 (UTC). Coin On reminde
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Restoring the Anchored Exchange Rate of agEUR through Angle Protocol
On March 22, the decentralized stable currency agreement, the Angle Protocol community, released a proposal aimed at restoring the anchored exchange rate of the euro stable currenc
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#Cryptocurrency Trading Platforms: A Closer Look at Voyager’s Transfers and Withdrawals
According to reports, according to Twitter Cryptographic KOL Remains Monitoring, over the past ten days (March 12 to March 22), Voyager has transferred cryptocurrencies worth appro
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The Big Transfer: 3.5 Million USDTs Move from Kraken to Bitfinex
On March 21st, according to Whale Alert monitoring data, at 19:11:235 Beijing time, 3500000 USDTs were transferred from Kraken to Bitfinex.
Data: 50 million USDTs transferred from -
Tether Accumulates 4 Billion USDT: A Comprehensive Look at the Recent Trend
On March 21st, the data showed that in the past week, Tether had accumulated 2 billion USDTs on the wave field chain, and also accumulated 2 billion USDTs on Ethereum.
Data: In the -
Potential Implications of the March Interest Rate Increase on DefiLlama and Harvest_Keeper
21:00-7:00 Key words: interest rate increase in March, DefiLlama, Harvest_ Keeper Overview of important developments overnight on March 20th Analysis based on this information:On March 17th, a statement by the Federal Reserve prompted speculation about a potential interest rate increase in March. This news may have significant implications for the crypto market and particularly for decentralized finance (DeFi) platforms like DefiLlama and Harvest_Keeper. The first keyword, interest rate increase in March, is particularly relevant in this case. An interest rate hike could result in increased borrowing costs for consumers and businesses, which would affect consumer spending, investment, and economic growth. While the Federal Reserve has not yet made a decision, a rate hike could be implemented as early as next month. DefiLlama and Harvest_Keeper, the two second keywords, are DeFi platforms that operate on the Ethereum blockchain. These platforms are designed to provide users with decentralized financial services like lending and borrowing, yield farming, and decentralized exchanges. DeFi has become…
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Aave DAO Freezes Multiple Stablecoins to Mitigate Risks in the Agreement
According to the report, the loan agreement Aave said that in view of the current fluctuations around the stable currency, the Aave DAO has frozen USDC, USDT, …
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PulseX and PulseChain shift to stablecoins as safe haven amidst Market Volatility
It is reported that according to the data disclosed by the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs, of which Pulsechain has converted 155 million USDCs into 153.7 million DAIs, while PulseX has converted 105.14 million USDCs into 104.82 million DAIs. PulseX and PulseChain converted more than 260 million USDCs into DAI Analysis based on this information:The cryptocurrency market has always been highly volatile, causing investors to be cautious when making investment decisions. However, amidst the current unpredictability in the cryptocurrency world, PulseX and PulseChain have both decided to shift towards stablecoins. These stablecoins are less risky and help protect against the extreme fluctuations of the cryptocurrency market. According to the chain analyst @ Lookonchain, PulseX and PulseChain have converted 260.14 million USDCs into 25852 DAIs. This has been seen as a safe haven for these two cryptocurrencies amidst the market volatility, as it minimizes the sudden and unexpected losses that cryptocurrency…
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The Importance of Stablecoins in the Cryptocurrency Market
12:00-21:00 Key words: USDC, DAI, GUSD
Overview of important developments in the evening of March 11
Analysis based on this information:
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Curve’s 3pool Liquidity Pool proves its worth with $2.8 billion daily trading volume
On March 11, according to Curve data, the daily trading volume of Curve stable currency 3pool (USDC/USDT/DAI) liquidity pool has reached US $2.8 billion, 7.5 t…
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TUSD Reserves in Binance Surpass $1 Billion
On March 7, according to Nansen data, TUSD in Binance\’s asset reserves has reached 1.029 billion US dollars, accounting for 1.72% of the total reserves. TUSD r…
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The Growing Use of Stablecoins in Venezuela Despite Economic Challenges
It is reported that according to the data of Chainalisis, although Venezuela and other countries use stable currencies linked to the US dollar (such as USDT) m…
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Disparity in the Distribution of Stablecoins in Crypto Reserves
On February 22, Nansen data showed that among the current reserves of nearly $3.372 billion, the proportion of USDC rose to 55.78%, about 1.877 billion; Howeve…