Bitcoin24h $104,363.33-1.40%

Ethereum24h $2,499.06-2.08%

XRP24h $2.13-3.55%

BNB24h $642.34-1.88%

Solana24h $145.77-3.42%

TRON24h $0.2709-2.60%

Dogecoin24h $0.1671-2.51%

Cardano24h $0.6014-3.61%

Hyperliquid24h $39.08-3.44%

Bitcoin Cash24h $465.12-0.58%

Tether’s new asset currently backed by 0kg of gold

Tether has launched Alloy a new over-collateralized stablecoin tethered to the US dollar and backed by Tether Gold.

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.

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.