Decentralized Stablecoins Take Off After USDC Funds Frozen
Market participants opt for decentralized stablecoins as censorship fears mount over their centralized counterparts.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
The conversion rate for affected stablecoins will be 1:1.
Market participants opt for decentralized stablecoins as censorship fears mount over their centralized counterparts.
Many in the crypto community have highlighted the need for decentralized money following the USDC blacklisting.
Crypto exchange Bitfinex and Tether have teamed up with peer-to-peer (P2P) protocol Hypercore to launch a decentralized communications app Keet.
USDC's market cap has been growing recently, and could overtake Tether (USDT) as the biggest stablecoin by marketcap.
USD Coin flips Tether dominance, but only on prohibitively expensive Ethereum.
Stablecoin yields are now 150 times higher than the average US savings account.
Digital assets provide security threats to the government, but the often-overlooked benefits are profound.
Stablecoins are seeing more activity than ever before. USDT is still in the lead, but USDC is catching up.
Upcoming monetary wars will be delineated between the forces of centralization and decentralization.
FinTech firm Tala has partnered with Visa to help the underbanked engage in the crypto economy.
The journey to efficient money has to start somewhere. For a global transition, it all starts with stablecoins.
Visa and Circle have announced they will collaborate to support USDC integration. How will this impact crypto?