Bitcoin24h $90,890.79-0.09%

Ethereum24h $2,998.20-1.31%

XRP24h $2.20+0.76%

BNB24h $874.86-1.27%

Solana24h $136.15-1.21%

TRON24h $0.2806-0.24%

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Bitcoin Cash24h $520.51-4.69%

Justin Sun affiliated TrueUSD market cap collapses 50% in 7 days

This dramatic fall in the market cap of TrueUSD follows Binance’s delisting of several TrueUSD pairs on March 15.

Ethena offers 27% on stablecoins but where is the yield coming from?

Newly-launched ‘synthetic dollar’ Ethena says it’s banking on using CEX liquidity rather than the less popular decentralized exchanges.

TrueUSD has de-pegged across both centralized exchanges and DeFi after switching accounting firms for attestations.

At the end of 2023, algorithmic stablecoins are out, US-based stablecoins are shrinking, and international ones like Tether are exploding.

A few weeks after US Secret Service and FBI agents began surveilling USDT wallets, Tether announced “voluntary” sanctions compliance.