Bitcoin24h $93,872.16-0.52%

Ethereum24h $1,792.95-0.58%

XRP24h $2.22+0.84%

BNB24h $599.40-1.50%

Solana24h $148.89-0.34%

Dogecoin24h $0.1788-1.90%

Cardano24h $0.6935-2.28%

TRON24h $0.2494-0.90%

Sui24h $3.56+2.75%

Chainlink24h $14.44-3.38%

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.