USD Coin [USDC] vs TerraUSD [UST]- Investors can consider this winner
It seems like the armies are gearing up for a battle of stablecoins. Looking at the top ten cryptos by market cap, it’s clear that Tether [USDT] reigns supreme. However, USD Coin [USDC] is the fifth biggest crypto by market cap and the second biggest stablecoin. In tenth place at press time was TerraUSD [UST]. […]
Russia Invasion Could Boost Bitcoin (BTC), Ethereum (ETH) and Stablecoins, According to Bloomberg Intelligence
Bloomberg Intelligence says that Russia’s invasion of Ukraine could aid in driving up the prices of Bitcoin (BTC) and Ethereum (ETH). In the March edition of Crypto Outlook, the research arm of media giant Bloomberg says that the energy price hikes caused by the current geopolitical crisis in Eastern Europe could help Bitcoin evolve as […] The post Russia Invasion Could Boost Bitcoin (BTC), Ethereum (ETH) and Stablecoins, According to Bloomberg Intelligence appeared first on The Daily Hodl.
Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi
The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools. In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the s
Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation. The growth of stablecoin's market cap and circulating supply has been one of the best indicators for attaining a general pulse on how participants in the market are feeling during bullish and bearish times.Monitoring the Tether (USDT) treasury for large issuances was a common tactic used by analysts and traders to position t