Tron‘s Decentralised USD (USDD/USD) stablecoin dipped below $0.97 on Monday to touch its lowest level sincethe market turmoil of June 2022. As per data from market tracking site CoinGecko, USDD’s value depegged to $0.9695, declines in the stablecoin’s value coming amid broader market jitters around cryptocurrency exchanges. The overcollateralised US dollar-pegged stablecoin’s fresh stumble follows … Read more
DAM Finance, or DAM, a decentralised token platform behind the algorithmic stablecoin d20, has rolled out its testnet dubbed Moonwalkers v1, with the launch set to give ecosystem users the chance to stress test the protocol’s omnichain stablecoin. The deployment is part of DAM’s push to bring to the crypto industry a decentralised solution that … Read more
FTX crypto exchange has recorded a surge in stablecoin withdrawals amid crowing unsubstantiated fears surrounding the exchange’s financial status. According to Nansen data, more than $451 million in stablecoins have been withdrawn from FTX in the last seven days. There has generally been a flurry of large withdrawals from FTX users after details of FTX’s … Read more
Like a spark, USN shined for a short time, then faded. Issued by Decentral Bank (DCB) in April 2022, it became the first native stablecoin in the NEAR ecosystem – one of the largest crypto communities comprising almost 900 crypto projects and boasting high scalability amid low fees. USN was designed to serve as an … Read more