Stablecoins

Top DeFi Analysts Warn That Majority of Investors Will Overlook AI Crypto Trend

Source Node: https://platodata.network/platowire/top-defi-analysts-warn-that-majority-of-investors-will-overlook-ai-crypto-trend/
Time Stamp: April 15, 2023 9:10 AM - Modified On: April 15, 2023 - Published By:
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Republished By Plato

Decentralized finance (DeFi) has been one of the hottest trends in the cryptocurrency industry in recent years. It has revolutionized the way people access financial services, allowing them to bypass traditional financial institutions and intermediaries. However, as the DeFi space continues to evolve, top analysts are warning that investors may be overlooking a crucial trend: the rise of AI-powered crypto.According to a recent report by CoinDesk, several DeFi analysts have expressed concerns that the majority of investors are not paying enough attention to the potential of AI in the crypto

“Discover the Leading DeFi and Web3 Infrastructure Startups Transforming the Industry in Q1 2023: A List of Top 10 Innovators”

Source Node: https://zephyrnet.com/top-10-defi-and-web3-infrastructure-startups-revolutionizing-the-industry-in-q1-2023/
Time Stamp: March 22, 2023 9:12 AM - Modified On: March 22, 2023 - Published By:
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Published by Plato

The world of decentralized finance (DeFi) and Web3 infrastructure is rapidly evolving, with new startups emerging every day. As we approach Q1 2023, it's important to take a closer look at the top innovators in this space, as they are the ones driving the industry forward and shaping its future.Here are the top 10 DeFi and Web3 infrastructure startups to watch in Q1 2023:1. Chainlink: Chainlink is a decentralized oracle network that provides secure and reliable data feeds to smart contracts. It's one of the most important infrastructure projects in

Moody’s Issues Warning on Potential Risks of Stablecoin Adoption

Source Node: https://zephyrnet.com/moody-warns-of-stablecoin-adoption-risk/
Time Stamp: March 19, 2023 5:22 AM - Modified On: March 19, 2023 - Published By:
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Published by Plato

Recently, Moody's Investors Service, a leading credit rating agency, issued a warning about the potential risks of stablecoin adoption. Stablecoins are digital currencies that are pegged to a stable asset, such as the U.S. dollar, and are designed to maintain a stable value. While stablecoins offer many potential benefits, such as faster and cheaper international payments and greater financial inclusion, Moody's warned that there are several risks associated with their adoption. First, Moody's warned that there is a lack of regulatory oversight for stablecoins. While some countries have begun to

USDC Stablecoin Loses Dollar Peg Following SVB Collapse, Sparking Turmoil

Source Node: https://zephyrnet.com/svb-collapse-sparks-stablecoin-turmoil-as-usdc-loses-dollar-peg/
Time Stamp: March 12, 2023 5:33 AM - Modified On: March 12, 2023 - Published By:
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Published by Plato

The recent collapse of Silicon Valley Bank (SVB) has caused a major disruption in the cryptocurrency market, with the USDC stablecoin losing its dollar peg and sparking turmoil. USDC is a digital currency created by Circle and Coinbase, two of the largest cryptocurrency exchanges in the world. It was designed to be a stablecoin, meaning it was pegged to the US dollar and would remain at a fixed value. However, following the collapse of SVB, USDC has been unable to maintain its dollar peg. This means that the value of

Research and Development of Digital Assets: A Response to the Request for Information from the Cato Institute

Source Node: https://zephyrnet.com/cato-response-to-request-for-information-on-digital-assets-rd/
Time Stamp: March 11, 2023 9:01 PM - Modified On: March 11, 2023 - Published By:
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Published by Plato

In recent years, the rise of digital assets has been one of the most significant developments in the financial industry. As such, the Cato Institute has issued a Request for Information (RFI) to better understand the research and development of digital assets. This article will provide an overview of the RFI and discuss the potential implications of the research and development of digital assets. The Cato Institute’s RFI seeks to understand the current state of research and development in the digital asset space. Specifically, the RFI seeks to understand how

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

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

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

The recent market volatility has caused many of the top 10 stablecoins to trade below their pegged value. Tether (USDT) remains the only major stablecoin to remain above its peg, trading at $1.01 as of this writing.The reason for this is that Tether is backed by US dollars, and the US dollar is still seen as a safe haven asset in times of market uncertainty. This means that investors are more likely to hold USDT than other stablecoins, which are not backed by any fiat currency.The other top 10 stablecoins,

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 is the Only Stablecoin Trading Above its Peg as USDC Contagion Causes Other Top 10 Stablecoins to Dip Below their Pegs.

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

The world of cryptocurrency has been abuzz with news of the recent USDC contagion causing other top 10 stablecoins to dip below their pegs. This has caused a great deal of concern among investors, as the value of their investments may be at risk. However, one stablecoin that has been able to remain above its peg is Tether (USDT). This article will explore the reasons why Tether is the only stablecoin trading above its peg, and what this means for investors.Tether is the largest stablecoin by market capitalization, and it

Tether Remains the Only Stablecoin Trading Above its Peg as USDC Contagion Causes Other Top 10 Stablecoins to Dip Below Their Pegs

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

The world of cryptocurrency has seen a lot of changes in recent years, and one of the most important developments has been the emergence of stablecoins. Stablecoins are digital assets that are pegged to a fiat currency, such as the US dollar, and are designed to provide users with a more stable store of value than traditional cryptocurrencies like Bitcoin. As the popularity of stablecoins has grown, so too has the competition, with a number of different projects vying for the top spot. However, despite this competition, one stablecoin has

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