USDT

Are the Bulls Back? Crypto Markets Whipsawed With Amazon News

Crypto markets were showing impressive strength to start the week, on track for a sixth straight day of gains –– until news headlined caused prices to trip mid-run. Bitcoin shot up to as high as $40,300 and Ethereum was trading above $2,400 on Tuesday. The DeFiPulse Index (DPI), a market capitalization-weighted index which consists of …

Are the Bulls Back? Crypto Markets Whipsawed With Amazon News Read More »

safedollar

SafeDollar Stablecoin Plummets to Zero After Exploit

The value of SafeDollar (SDO), an algorithmic stablecoin intended to be pegged to $1, has dropped to zero after a $248K exploit on Polygon. In a post-mortem analysis published on June 28, SafeDollar reported it had lost $202K of USDC and $46K of USDT as a result of an attack on one of its pools …

SafeDollar Stablecoin Plummets to Zero After Exploit Read More »

Screen Shot 2020 09 28 at 9.28.23 PM

The State of Stablecoins in DeFi: A Deep Dive by DappRadar

Stablecoins are one of the fastest-growing asset types in the crypto world. The purpose of these cryptocurrencies is to track a particular peg (usually the dollar) minimizing volatility and providing a convenient unit for transacting. They have become the lifeblood of the DeFi ecosystem and may look to take over other sectors like remittance and …

The State of Stablecoins in DeFi: A Deep Dive by DappRadar Read More »