Tron’s stable coin ‘USDD’ loses its peg
The founder team of Tron deployed more capital as its stablecoin USDD deviated from the $1 peg
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Latest firstThe USDD Stablecoin Depegs to $0.97
The USDD stablecoin, created by Justin Sun, no longer has a dollar peg. Prior to an hour or so, the USDD decreased to $0.970
Singapore suggests new rules for stablecoin and crypto trading
The Monetary Authority of Singapore has published new proposals for cryptocurrency regulation.
Binance to Stop Supporting Circle’s USDC, Among Other Stablecoins
Binance to remove Spot, Future, and Margin trading with USDC, Pax USDP, and TUSD pairs on September 29 to "enhance liquidity and capital-efficiency for its users."
Out of 132 Stablecoins, Only 50 are Currently Pegged
Key Takeaways: Significant cryptocurrency volatility has affected stablecoins, traditionally seen as the market’s safe havens, with investors withdrawing funds and several losing their peg to their underlying assets. Another point to think about when considering the stability of a stablecoin…
Bank of England calls for Tougher Crypto Rules in its Financial Stability Report
Key Takeaways According to the report, the current market conditions call for enhanced regulatory and law enforcement frameworks to address developments in crypto asset markets and activities. BoE states that a systemic stablecoin backed by a deposit with a commercial…
Argentines seek refuge in Stablecoins amid High Inflation
Key Takeaways Argentina’s citizens purchased 2-3 times as many stablecoins over the course of a typical weekend. Economy minister Martin Guzmán resigned on Saturday amid high inflation. Leading cryptocurrency exchanges noted that users were looking for an inflation hedge in…
Justin Sun Introduces an Open Letter to Launch USDD in Tron DAO
Key Takeaways The founder of TRON DAO shares an Open letter introducing decentralized USD. It is expected to be issued in the first week of May this year. Earlier today, the founder of Tron DAO, H.E. Justin Sun, issued an…
Stablecoins Arbitrage Strategy Quietly Making 113 Million USD Profit
To begin with, the strategy is essentially a flash loan strategy, which means users can lend tokens, earn a profit, and repay the loan all in one transaction. If a problem arises during the transaction, the lender loses nothing because…
Acting Comptroller Discusses Architecture of Stablecoins
Michael J. Hsu talked about stablecoins. He discussed three main factors: stability, interoperability, and separability. On April 8, Michael J. Hsu, the acting comptroller of the currency discussed stablecoins at the Institute of International Economic Law at Georgetown University Law…