Data Indicates Bots Made Off With Huge Sum on Arbitrum
Crypto’s largest stablecoin USDT traded as low as $0.95 overnight before recovering.
This step-by-step guide will walk you through the ins and outs of stablecoins.
Doomsday scenarios in DeFi revolve around the strength of stablecoins such as USDC and USDT.
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 »
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 »
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 »
