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Results for Crypto, Stablecoin

10 stories, newest first

Sep 20, 2023 — Crypto, PayPal

Why is PayPal’s stablecoin PYUSD struggling a month after launch?

Real-world adoption of PayPal’s stablecoin PYUSD has been sluggish with just $45M in reserves reported so far.

Stablecoin market cap dips to lowest levels in nearly two years

Total stablecoin market cap has fallen for 14 consecutive months and currently sits at its lowest level since September 2021.

Feb 14, 2023 — BUSD, Crypto

USDC faces SEC enforcement amid stablecoin crackdown

The move follows the SEC's demand that crypto exchange Paxos stop minting Binance's BUSD stablecoin because it may be a security.

Feb 13, 2023 — Binance, BUSD

BUSD is dead, long live USDT

Paxos has announced that it will no longer issue Binance USD after an order from the New York Department of Financial Services.

Jan 9, 2023 — Crypto, Justin Sun

Justin Sun’s stablecoins are melting

With no recent capital injections or incentives for short-sellers, solving problems with USDD and USDJ doesn't seem to be a priority for Sun.

Jun 13, 2022 — Crypto, Do Kwon

Do Kwon says money isn’t his thing amid claims he pocketed $3B in crypto

The UST co-founder was accused of siphoning off $2.7 billion in 33 monthly withdrawals of $80 million each.

May 10, 2022 — Crypto, Stablecoin

Here’s how crypto’s third largest stablecoin Terra (UST) collapsed

Third-largest stablecoin UST de-pegged from the US dollar, traded as low as $0.62, and lost over $4 billion in market capitalization.

Mar 16, 2022 — Crypto, Stablecoin

Hedge fund shorts Tether, expects it to collapse in the next year

Fir Tree, which manages $4 billion in assets, reckons Tether is backed by watery Chinese commercial paper tied to troubled real estate plays.

Feb 17, 2022 — Coinbase, Crypto

Coinbase remittance pitch: Mexicans should swap Pesos for its stablecoin

Coinbase wants a slice of the $700 billion remittance industry by encouraging Mexicans to use its stablecoin USDC instead of Pesos.

Dec 28, 2021 — Crypto, Stablecoin

Tether timeline: The complete history of crypto’s most stubborn stablecoin

This is Tether's timeline in full, starting in 1996 when its now chief financial officer was caught selling fake Microsoft software licenses.