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TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold

TUSD’s Stability Wavers — Value Fluctuates Below $1 Peg Amid Market Turbulence and Binance’s Dominant Hold

Market insights reveal that on January 15, 2024, the stablecoin TUSD deviated from its usual $1 parity, dipping to $0.979 per coin the next day. By...
Jan, 16, 2024
1 min read
by Bitcoin News
Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months

Stablecoin Economy Reaches 20-Month Low as BUSD Redemptions Surpass 10 Billion Tokens in 3 Months

Three months have passed since Paxos made the decision to cease the production of new BUSD tokens, complying with the directive issued by the New Y...
May, 31, 2023
3 min read
by Bitcoin News
Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

Stablecoin Supply Plummets After Depegging Event: $7.4B Dollar-Pegged Tokens Withdrawn From Circulation

During the past 11 days, over 7 billion USDC stablecoins have been withdrawn from circulation, with most of the redemptions occurring following the...
Mar, 17, 2023
2 min read
by Bitcoin News
Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large porti...
Mar, 13, 2023
2 min read
by Bitcoin News
Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

Binance Converts $1 Billion BUSD Into Bitcoin, BNB, and Ethereum

On Monday, Binance CEO Changpeng Zhao, also known as CZ, announced that the company had decided to convert $1 billion worth of BUSD from the Indust...
Mar, 13, 2023
2 min read
by Bitcoin News