$14B In Stablecoins Minted Since October Crash: Liquidity Returning To Crypto
The crypto market remains under intense selling pressure, with sentiment turning increasingly bearish as Bitcoin trades below the $100,000 mark for the first time since May. Altcoins have fared even worse, extending a downtrend that began in early October. Despite this wave of uncertainty and fading bullish momentum, capital inflows into the market continue to grow — suggesting that investors may be preparing for the next phase of accumulation. Related Reading: Massive Bitcoin Bid Walls Spotted On Binance: Bulls Step In With 2,800 BTC Cluster Lookonchain reports that stablecoin issuance....
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Tether has just minted another 1 billion USDT, only hours ago, reigniting debate over stablecoin-driven liquidity flows across the crypto market. The mint comes at a crucial time — Bitcoin is struggling to reclaim higher levels after weeks of volatility, while altcoins continue to bleed as if a full-blown bear market were underway. These mints […]
A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy. The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system.A section of the report dedicated to stablecoins discussed the central role that it plays in the current ecosystem. Stablecoins are increasingly used to interlink various blockchain networks and play a critical role in offering liquidity to the decentralized finance (DeFi)....
The new one1INCH stablecoin will be collateralized by a combination of USDC and 1inch's native token. Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar.In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or DMA. The new one1INCH stablecoin — all issuers on ICHI begin with the prefix "one," referring to its Japanese namesake — is aimed at providing a medium of exchange to pay operating....
The uncertainty around stablecoins had begun with the UST crash and inevitably spilled unto others such as USDT. This uncertainty has continued to linger weeks after the crash leading to investors moving out of stablecoins. The aftermath of the UST crash has left USDT as the most challenged stablecoin in the space and has seen […]
In the world of stablecoins, Tether USDT was the king until the crash. Since then, others have fought seriously to take the position. But amid all the striving stablecoins, reports have revealed that USDC might soon take over the its position. The 2022 crypto market crash left a sour taste for the investors. Even though […]