Stablecoins - Page 13
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![Supply of Terra Stablecoin UST Doubles to $6.49B After Governance Move](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fc5738432b195e5742e69f1081b87ae6609dbc21b-927x581.png&w=828&q=75)
Supply of Terra Stablecoin UST Doubles to $6.49B After Governance Move
The supply of Terra's stablecoin UST has surged but not because of rising demand.
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![How Zero-Knowledge Proofs Became Ethereum's Magic Bullets](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F11628df006053a767d7c6b9d31a2711465128f85-794x547.png&w=828&q=75)
How Zero-Knowledge Proofs Became Ethereum's Magic Bullets
Zero knowledge proofs are powerful cryptographic instruments that accelerate innovation on Ethereum, writes Alex Shipp.
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![Abracadabra’s Stablecoin Races Past $1B and Sparks Talk of Overtaking MakerDAO](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fd77257e0591fe5c421c5a6ab7fdbb52a76f151eb-785x525.png&w=828&q=75)
Abracadabra’s Stablecoin Races Past $1B and Sparks Talk of Overtaking MakerDAO
New collateralized stablecoin, Magic Internet Money (MIM) is challenging MakerDAO, the grandaddy protocol of DeFi. MIM, issued by lending protocol Abracadabra, broke $1B in supply on Oct. 5, placing it seventh overall in terms of stablecoin market cap, according to CoinGecko. That’s $5.39B behind Maker’s DAI stablecoin supply. So while MIM still has a ways…
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![A Deep Dive on the Lessons and Surprises of the Recent Crash](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
A Deep Dive on the Lessons and Surprises of the Recent Crash
On-Chain Markets Update by Juan Pellicer, IntoTheBlock DeFi protocols, apps and their stablecoins are a key area of the whole crypto markets. Even though the average daily trading values of DeFi are 80 times lower than in centralized exchanges, their smart contracts enable open financial services that impact the whole market by providing key functionalities…
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![Wall Street Swoons for Altcoins and the Drums Beat for Crypto ETFs: A DeFi Summer Roundup](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
Wall Street Swoons for Altcoins and the Drums Beat for Crypto ETFs: A DeFi Summer Roundup
Welcome to GDF’s FI Corner. We had a little break for the summer, but are back with a round up of the top stories from the establishment’s adoption of crypto. The US Senate bill may have dominated the news over August – and rightly so. The bill saw the global crypto industry put aside differences…
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![Circle Dials Back Risk in USDC Reserves Ahead of Going Public](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2Fcfa4358144d33b6b47b675b2fc1b52a499ebdf74-524x359.png&w=828&q=75)
Circle Dials Back Risk in USDC Reserves Ahead of Going Public
Corporate debt is no longer good enough for Circle, the blockchain powerhouse. That’s the upshot of a move Circle announced on Sunday as it unveiled a rebalancing of the reserves that support USDC, it’s widely used stablecoin. Circle, a peer-to-peer payment platform powered by blockchain technology, will now solely use cash and short-duration U.S. Treasury…
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![Federal Reserve Bigwig Defends Stablecoins as Alternative to Digital Dollars](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F40969b1e415dd6bff7e890eee01f22e3b8149f46-678x454.png&w=828&q=75)
Federal Reserve Bigwig Defends Stablecoins as Alternative to Digital Dollars
There’s nothing to be afraid of with stablecoins. That’s the main message Randal Quarles, the vice chair for supervision at the Federal Reserve and a member of its board, delivered on June 28, surprising a DeFi community that’s become inured to getting dissed by the financial establishment. Quarles believes private-sector stablecoins are a worthy alternative to…
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![Iron Finance Implodes After ‘Bank Run’](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
Iron Finance Implodes After ‘Bank Run’
In a month, Iron Finance has gone from being the darling of yield farmers to one of the biggest crashes in DeFi history. The partially collateralized stablecoin project expanded to the Polygon network on May 18 and quickly became the go-to protocol for earning insane yields –– it even received praise from Mark Cuban. The…
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![Algorithmic Stablecoins Breakdown: Attempting to Fulfill Satoshi's Dream](/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2F6oftkxoa%2Fproduction%2F54a8cff731d3fa384513fabe9559f9e123191e6c-800x535.png&w=828&q=75)
Algorithmic Stablecoins Breakdown: Attempting to Fulfill Satoshi's Dream
When Satoshi first published the Bitcoin whitepaper to the world, he titled it “Bitcoin: A Peer-to-Peer Cash System” and although Bitcoin would evolve to adopt the digital gold narrative instead, the dream of creating a fully functional digital cash system has remained. Stablecoins, defined as a subset of cryptocurrencies that are pegged to a specific…
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![Stablecoins Prove Their Worth During Crypto’s Slide](/_next/image?url=%2F_next%2Fstatic%2Fmedia%2Fplaceholder.8776f6e0.jpg&w=828&q=75)
Stablecoins Prove Their Worth During Crypto’s Slide
If a long bear market is truly beginning in cryptocurrencies, then be thankful for stablecoins. With the Defi Pulse Index (DPI) down 40% on the month and the overall crypto market losing a third of its market value, the stablecoin supply has continued to march upward. Stablecoin supply grew 21% in the last 30 days…