Haven

Tether Remains Stable as USDC Contagion Causes Most Top 10 Stablecoins to Trade Below Peg

Source Node: https://zephyrnet.com/nine-out-of-top-10-stablecoins-trading-below-peg-as-usdc-contagion-spreads-tether-sole-survivor/
Time Stamp: March 11, 2023 5:36 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

Stablecoins have become an increasingly popular asset class in the cryptocurrency space, with many investors turning to them as a safe haven from the volatility of other digital assets. One of the most popular stablecoins is Tether (USDT), which has been able to remain relatively stable despite the recent market turmoil caused by the USDC contagion. The USDC contagion refers to the sudden drop in the value of USDC, a stablecoin backed by the US dollar, which caused many other top 10 stablecoins to trade below their peg. This meant

Tether Remains the Only Stablecoin Trading Above its Peg as USDC Contagion Affects Top 10 Cryptocurrencies

Source Node: https://zephyrnet.com/nine-out-of-top-10-stablecoins-trading-below-peg-as-usdc-contagion-spreads-tether-sole-survivor/
Time Stamp: March 11, 2023 5:36 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

In the world of cryptocurrency, one of the most important concepts is that of a stablecoin. Stablecoins are digital assets that are designed to maintain a stable value relative to a specific asset, such as the US dollar. Tether (USDT) is the most popular stablecoin, and it has remained the only stablecoin trading above its peg as USDC contagion affects the top 10 cryptocurrencies. The USDC is a stablecoin that is pegged to the US dollar and is backed by the US dollar reserves held by its issuer, Circle. It

5 Stablecoins Drop Below Parity Following USDC Depegging Concerns Among Crypto Advocates

Source Node: https://zephyrnet.com/usdc-stablecoin-depegging-causes-concern-among-crypto-advocates-5-other-stablecoins-slip-below-parity/
Time Stamp: March 11, 2023 4:30 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

The cryptocurrency market has been abuzz recently with news that five stablecoins have dropped below parity following concerns about USDC depegging. Stablecoins are digital assets designed to maintain a stable value relative to a fiat currency, such as the US dollar. They are often used as a safe haven for investors who want to protect their assets from the volatility of the cryptocurrency market.The five stablecoins in question are TrueUSD (TUSD), Paxos Standard (PAX), USD Coin (USDC), Gemini Dollar (GUSD) and Binance USD (BUSD). All five of these stablecoins have

USDC Stablecoin Depegging Causes Widespread Concern Among Crypto Community, 5 Other Stablecoins Drop Below $1 Parity

Source Node: https://zephyrnet.com/usdc-stablecoin-depegging-causes-concern-among-crypto-advocates-5-other-stablecoins-slip-below-parity/
Time Stamp: March 11, 2023 4:30 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

The crypto community has been abuzz with news of USDC stablecoin depegging, causing widespread concern among investors. USDC, a stablecoin pegged to the US dollar, recently dropped below its $1 parity, causing its value to fall to just $0.95. This is the first time a stablecoin has ever depegged from its dollar parity, and it has caused alarm among crypto investors. The drop in USDC’s value is concerning for many reasons. First, it raises questions about the stability of other stablecoins. If one stablecoin can depeg, then it is possible

USDC Stablecoin Depegging Causes Crypto Advocates to Worry as 5 Other Stablecoins Drop Below Parity

Source Node: https://zephyrnet.com/usdc-stablecoin-depegging-causes-concern-among-crypto-advocates-5-other-stablecoins-slip-below-parity/
Time Stamp: March 11, 2023 4:30 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

The recent depegging of the USDC stablecoin has caused a stir among cryptocurrency advocates, as five other stablecoins have also dropped below parity. Stablecoins are digital assets designed to maintain a stable value relative to a fiat currency, such as the US dollar. The recent depegging of the USDC stablecoin has caused concern among cryptocurrency advocates, as it is the first major stablecoin to lose its peg to the US dollar.The depegging of the USDC stablecoin has been attributed to a variety of factors, including market volatility and the increasing

XAG/USD Price Analysis: Silver Rallies as Traders Seek Safe Haven Assets

Source Node: https://zephyrnet.com/silver-price-forecast-xag-usd-rallies-on-traders-rush-to-safety/
Time Stamp: March 11, 2023 2:05 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

Silver prices have been on the rise in recent weeks, as investors seek out safe haven assets amid a tumultuous global economic climate. The XAG/USD exchange rate has been steadily increasing since the beginning of the year, and is currently trading at around $17.50 per ounce. This is a significant increase from the $15.50 per ounce it was trading at in early January.The rally in silver prices has been driven by a number of factors. Firstly, the ongoing US-China trade war has caused a great deal of uncertainty in the

Silver Prices Surge as Investors Seek Safe Haven Assets

Source Node: https://zephyrnet.com/silver-price-forecast-xag-usd-rallies-on-traders-rush-to-safety/
Time Stamp: March 11, 2023 2:05 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

In recent weeks, silver prices have surged as investors seek safe haven assets amid global economic uncertainty. Silver, like gold, is seen as a reliable store of value and a hedge against inflation. As a result, investors have been turning to silver as a way to protect their wealth. The price of silver has risen by over 10% since the beginning of the year, reaching its highest level since 2013. This surge has been driven by a number of factors, including increased demand from investors looking for a safe haven

Grayscale Bitcoin Trust (GBTC) Stock Price Rises Following U.S. SEC’s Uncertainty on Cryptocurrency Regulation

Source Node: https://zephyrnet.com/gbtc-shares-jump-on-judges-sec-skepticism/
Time Stamp: March 8, 2023 12:22 AM - Modified On: March 8, 2023 - Published By:
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Published by Plato

The Grayscale Bitcoin Trust (GBTC) stock price has seen a surge in recent weeks following the U.S. Securities and Exchange Commission's (SEC) uncertainty on cryptocurrency regulation. GBTC is a publicly traded trust that holds Bitcoin as its primary asset, and its stock price has risen by over 20% since the SEC's announcement. This increase in price is due to the fact that investors are viewing GBTC as a safe haven for their investments in the face of the regulatory uncertainty. The SEC's announcement was made in response to a petition

AUD/USD Falls as Bears Aim for 0.6580 Target Area

Source Node: https://zephyrnet.com/aud-usd-falls-heavily-as-bears-move-in-towards-the-0-6580s-target-area/
Time Stamp: March 7, 2023 7:22 PM - Modified On: March 7, 2023 - Published By:
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Published by Plato

The AUD/USD currency pair has been on a downward trend in recent weeks, with bears aiming for the 0.6580 target area. This has been a result of a number of factors, including the strong US dollar, weak Australian economic data, and a lack of investor confidence in the Australian economy. The US dollar has been on a strong uptrend in recent weeks, driven by a number of factors including the Federal Reserve's decision to raise interest rates and the US economy's strong performance. This has put pressure on the AUD/USD

AUD/USD Declines Sharply as Bears Aim for 0.6580 Target Zone

Source Node: https://zephyrnet.com/aud-usd-falls-heavily-as-bears-move-in-towards-the-0-6580s-target-area/
Time Stamp: March 7, 2023 2:22 PM - Modified On: March 7, 2023 - Published By:
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Published by Plato

The AUD/USD currency pair has seen a sharp decline in recent weeks, with bears aiming for a target zone of 0.6580. This is a significant drop from the pair's recent highs of 0.6800, and has been driven by a combination of factors. The Australian dollar has been under pressure due to the country's weak economic outlook. The Reserve Bank of Australia (RBA) has cut interest rates to a record low of 0.25%, and the central bank is widely expected to cut rates further in the near future. This has weighed

US Dollar-Japanese Yen Exchange Rate Fluctuating Ahead of Federal Reserve Chair Jerome Powell’s Speech

Source Node: https://zephyrnet.com/usd-jpy-fluctuates-at-around-135-90s-ahead-of-powells-speech/
Time Stamp: March 6, 2023 6:31 PM - Modified On: March 6, 2023 - Published By:
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Published by Plato

The US dollar-Japanese yen exchange rate has been fluctuating ahead of Federal Reserve Chair Jerome Powell's upcoming speech. This speech, scheduled for later this week, is expected to provide insight into the Federal Reserve's plans for the US economy. As such, investors and traders are closely watching the exchange rate between the two currencies in anticipation of what Powell may say. The US dollar-Japanese yen exchange rate has been on a downward trend since the beginning of the year, with the US dollar weakening against the yen. This is largely

The Negative Impact of Implementing a Withdrawal Button in Online Stores

Source Node: https://zephyrnet.com/withdrawal-button-in-online-stores-undesirable/
Time Stamp: March 6, 2023 7:48 AM - Modified On: March 6, 2023 - Published By:
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Published by Plato

The implementation of a withdrawal button in online stores has been a controversial issue in recent years. While some view it as a convenient way to quickly and easily return items, others worry about the potential negative impacts it could have on the online shopping experience. In this article, we will discuss the potential drawbacks of implementing a withdrawal button in online stores.One of the main concerns about implementing a withdrawal button in online stores is that it could lead to an increase in impulse purchases. When shoppers are able