Tag: PEG
TrueUSD Stablecoin (TUSD) Loses $1 Peg Amid Binance’s FDUSD Focus: Analyst
The spike in FDUSD volume, coinciding with TUSD's de-pegging, suggests a transfer to FDUSD for participating in the FDUSD launch pool and joining the [...]
Aave’s GHO Stablecoin Nears Elusive Dollar Peg
The asset, which has been valued at less than $1.00 for nearly all of its life, gained ground this week and rallied to $0.985 for the first time since [...]
Peg Yorkin, Who Helped Bring the Abortion Pill to the U.S., Dies at 96
In 1973, The New York Times called Ms. Yorkin the “queen of Hollywood society,” noting her work as president of SHARE Inc. (the initials stand for Sha [...]
TrueUSD stops minting via Prime Trust, loses dollar peg
Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology [...]
Argentina drought saps dollar reserves, pressuring FX crawling peg
BUENOS AIRES (Reuters) - Argentina's slow-and-steady currency devaluation plan is coming under rising pressure as a historic drought pummels [...]
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank-Induced Chaos
The Circle-issued USDC stablecoin regained its peg to the U.S. dollar after falling below the $1 value it was supposed to hold late Friday hours after [...]
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The panic caused due to USD Coin's (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per Bitcoin (BTC), al [...]
USDC bounces back towards $1 peg after Fed announcement
Circle’s stablecoin USD Coin (USDC) is climbing back to its $1 peg following confirmation from CEO Jeremy Allaire that its reserves are safe and the f [...]
Arthur Hayes Proposes Bitcoin-Backed NakaDollar, Which Would Rely on Exchanges to Maintain Dollar Peg
“We, the crypto faithful, have the tools and the organisations needed to support $1 trillion or more worth of NakaUSD outstanding,” Hayes wrote Thursd [...]
USP Stablecoin Loses Dollar Peg as DeFi Protocol Platypus Suffers $8.5M Attack
The flash loan attack caused Platypus Finance’s native stablecoin to fall to 48 cents from $1. The potential loss is $8.5 million, according to blockc [...]
BUSD Stablecoin Inches Toward $1 Peg After Binance CEO Comments
Changpeng Zhao on Tuesday distanced himself from the Binance-branded stablecoin.
www.coindesk.com [...]
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
“While there have been multiple recent failures in crypto, it is important to distinguish between Terra’s case, where a transparent, open-source decen [...]
Tether's USDT Stablecoin Slips From $1 Peg
USDT is trading at $0.9955 on several bourses, down 0.6% from its $1 peg.
www.coindesk.com [...]
Tron’s stablecoin USDD loses dollar peg on suspected selloff by Alameda Research
In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an "over-collateralized stablecoin," meaning its likelihood of sl [...]
Tron Network USDD Stablecoin Wobbles from Dollar Peg Amid Latest Crypto Crisis
The USDD liquidity pool on the decentralized finance protocol Curve, where users can trade USDD for other stablecoins such as USDT, USDC and DAI, is h [...]