All major stablecoins $USDT, $USDC, $DAI increasing their caps, intotheblock says
According to statistics shared by IntoTheBlock, the aggregated capitalization of the three assets started growing shortly after the FTX/Alameda collapse. The drama of SBF-backed entities ended the prolonged"correction" of the stablecoin segment that started with the Terra crash in May 2022.
As displayed by CoinGecko, some smaller stablecoins demonstrated even more impressive supply upsurges. For instance, True USD's circulation is up 25% since mid-December and is ready to enter the 10-digit waters for the first time.The seventh largest stablecoin Pax Dollar has had its circulation increased by 5%, while Liquidity USD is one step away from the top 10 after a whopping 24% spike.
Typically, upsurges in stablecoin capitalization are a bullish signal for crypto markets' capitalization: traders need more stablecoins to push Bitcoin's and altcoins' prices higher. As covered by U.Today previously, seasoned analyst Charles Edwards stressed that stablecoins are a form of money"parked" within the crypto industry.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Moody’s Developing Scoring System for Stablecoins: BloombergGlobal ratings agency Moody’s is working on a system to score stablecoins based on the quality of their reserves attestations, according to Bloomberg. By NelWang
Leer más »
Moody’s to build scoring system for stablecoins: ReportThe system, which is in early stages of development, apparently intends to evaluate and rate the stablecoins reserves via third-party attestations.
Leer más »
Banks Will Dominate Stablecoins, and 2 Other Predictions About the Future of MoneyOnce the law is clear 'expect the traditional banks to be unleashed in the stablecoin market, and stablecoin payments to be an option from your bank account sometime this decade,' crypto lobbyist Chris Hayes and ChrisOstrowski_ write. PolicyWeek Opinion
Leer más »
Microsoft strikes “strategic alliance” with solar manufacturerThe deal comes amid major supply chain headaches for solar energy.
Leer más »
FBI shuts down major ransomware gang that targeted schools, hospitalsAttorney General Merrick Garland said the group — called Hive — hacked and demanded ransom from hospitals, school districts, financial firms and other entities.
Leer más »
Justice Department seizes website of major ransomware gangThe FBI has seized the website of a prolific ransomware gang that has heavily targeted hospitals and other healthcare providers.
Leer más »