Stablecoin

On March 25th, it was reported that the current market value of USDC is 33.896 billion US dollars, and its market share has continued to decline since March 9th. It has now dropped

According to reports, according to Usdc.com data, the current total circulation of USDC is 33.91 billion US dollars, and the circulation of USDC on the Solana chain is 708 million

According to reports, data shows that at least $5 billion has flowed into USDT in the past few weeks, and its market value has exceeded $77 billion so far. Cluzeau said that we have seen many USDCs and DAIs being traded into USDTs, which has kept USDTs liquid. Interpretation of this information: The recent reports reveal that there has been a significant inflow of at least $5 billion into USD Tether (USDT) in the past few weeks. The market value of USDT has now surpassed $77 billion. This upsurge in…

It is reported that traders who use the DeFi agreement to bet on the recovery of the USDC at the weekend will face 8-digit liquidation risk if the stable currency breaks anchor with the US dollar again this week. Interpretation of this information: The article highlights the potential risks associated with traders who use Decentralized finance (DeFi) agreements to bet on the recovery of the US dollar-anchored stablecoin (USDC) during the weekend. According to the report, traders may face an 8-digit risk of being liquidated if the USDC breaks anchor…

It is reported that, according to Tokenview data, Circle destroyed USDCs worth about 1.07 billion dollars on March 13, and forged USDCs worth about 480 million dollars. Interpretation of this information: The recent report from Tokenview reveals that Circle, the issuer of USDC stablecoin, destroyed around 1.07 billion USDC tokens and issued approximately 480 million USDC tokens on March 13. Such an action by Circle is not new to the cryptocurrency world as it helps in maintaining the stability and reliability of its stablecoin. These stablecoins are designed to reflect…

On March 13, it was reported that at about 7:15 today, the price of BTC-USDC transaction pairs on the money security platform suddenly reached $50000, and then returned to normal. At present, the transaction price of BTC-USDC is US $22621.71, up 9.64% in 24 hours. The USDC price is currently quoted at US $0.9918. Interpretation of this information: The message is reporting on a sudden spike in the price of BTC-USDC transaction pairs on March 13. At around 7:15, the price reached an unusually high $50,000 before returning to normal…

On March 13, CoinGecko data showed that the US dollar stable currency BUSD issued by Paxos had a short-term premium, once rising to the peak of US $1.03, and now it has dropped slightly to US $1.01, with a 24-hour increase of 1.5%, and the market value has risen to US $8.44 billion. Interpretation of this information: The US dollar stable currency BUSD, issued by Paxos, experienced a short-term premium on March 13, where its value rose to a peak of $1.03. This means that for a short time, the…

According to the official announcement, Yuanan will launch BNB/USDC, BTC/USDC and ETH/USDC trading pairs at 14:30 Beijing time on March 12. Interpretation of this information: The announcement from Yuanan about the launch of BNB/USDC, BTC/USDC, and ETH/USDC trading pairs at 14:30 Beijing time on March 12 is an excellent development for cryptocurrency enthusiasts. The new trading pairs will allow users to purchase Binance Coin (BNB), Bitcoin (BTC), and Ethereum (ETH) using the stablecoin USDC. Binance Coin is the official cryptocurrency of the Binance cryptocurrency exchange, one of the largest crypto…

On March 12, according to CoinGecko data, the current DAI has rebounded to the range of 0.98 US dollars, rising to 0.984121 US dollars for a short time, and is now at 0.971387 US dollars. Interpretation of this information: The message above informs us about the current status of DAI, a stablecoin that is pegged to the US dollar. On March 12, the price of DAI has rebounded to a range of 0.98 US dollars, which is an increase from its recent decrease. The maximum increase was a short-lived one,…

According to the report, according to CoinGecko data, the price of USDC has rebounded to above US $0.96 and is currently at US $0.961463. Interpretation of this information: The message pertains to the price of USDC, a stablecoin that is pegged to the US dollar at a 1:1 ratio. According to the source, the price of USDC has risen above $0.96, indicating a rebound in its value. The current price of USDC is reported to be $0.961463. This news is significant for a few reasons. Firstly, stablecoins such as USDC…

It is reported that according to WhaleAlert data monitoring, 50 million USDTs (about USD 50457500) were transferred from Bitfinex to Tether Treasury. Interpretation of this information: A recent report states that a whopping amount of 50 million USDT (approx. USD 50,457,500) has been transferred from Bitfinex to Tether Treasury. WhaleAlert, a reputable data monitoring firm, was behind the discovery of the transfer. The reason behind the transfer is not clear, but it raises some speculations and possibilities. Bitfinex is one of the leading cryptocurrency exchanges globally, and Tether is the…

On March 11, according to Paidun monitoring data, Sun Yuchen extracted 82 million USDCs from Aave V2 and converted them into DAI. After Sun Yuchen’s address, 11.6 million USDCs were extracted from Aave V2. Interpretation of this information: The message reports on the actions taken by Sun Yuchen, a well-known entrepreneur and founder of TRON, who extracted 82 million USDC from Aave V2 and converted it into DAI. Aave V2 is a decentralized finance (DeFi) platform that allows users to borrow and lend various cryptocurrencies. The move by Sun Yuchen…

It is reported that after the collapse of the Silicon Valley Bank, the stable currency issuers such as Circle, Paxos and Tether all said that they would establish new bank partnerships. At the same time, both Tether and Paxos said that they had no exposure to Silicon Valley banks. On the other hand, after the collapse of Silvergate and Silicon Valley Bank, it will be much more difficult for small encryption companies to find banking partners. Interpretation of this information: The collapse of Silicon Valley Bank has sent ripples across…

According to the report, according to the encryption analysis company Nansen, the proportion of USDC in the current reserve of nearly $3.372 billion of Coin Security has risen to 55.78%, about 1.877 billion, which is the largest holding in the past three months. Interpretation of this information: The report states that the cryptocurrency exchange, Coin Security, has seen a significant increase in its reserve of USDC. According to analysis conducted by encryption analysis company, Nansen, the proportion of USDC in Coin Security’s current reserve of nearly $3.372 billion has risen…

According to reports, according to Etherscan data, 63746293 USDCs (US $63769892) were cast in USDC Treasury. Interpretation of this information: The article reports that Etherscan data has revealed that a significant amount of USDC, equivalent to $63,769,892, has been cast in USDC Treasury. USDC, or USD Coin, is a stablecoin that is pegged to the price of the US dollar. This means that for every USDC issued, there is a corresponding amount of US dollars held in reserve to back it up. It is considered a safer alternative to other…

It is reported that according to lookonchain monitoring, Jump Trading extracted US $78 million from Circle and transferred US $80 million to the address “0xF8aa”; Then the USDC of US $80 million was converted into DAI of US $80 million, and rETH was cast. Interpretation of this information: A recent report from lookonchain monitoring revealed that Jump Trading, a proprietary trading firm, withdrew US $78 million in funds from Circle and transferred US $80 million to the Ethereum address “0xF8aa”. The transferred funds were then converted into USDC of the…

According to reports, Circle, the issuer of the stable currency USDC, said that in the past few years, the stable currency operating like digital cash has grown rapidly. Since its launch in 2018, the circulation of the USDC has increased at an average annual rate of 860%. Compared with the average growth rate of legal dollar of 8% in the same period, the importance of digital currency to global business is increasingly obvious. Interpretation of this information: The message talks about the significant growth of the stable currency USDC, which…

According to reports, Glassnode data showed that the trading volume of BUSD (7d MA) reached US $91130879.01, a one-month high. Interpretation of this information: The recent reports have indicated that the trading volume of BUSD has increased significantly and has reached a one-month high. BUSD is a stablecoin that is pegged with the US dollar and is backed by Circle and Coinbase, which makes it one of the most stable cryptocurrencies in the market. The data collected by Glassnode, a blockchain data analytics platform, shows that the volume of BUSD…

According to reports, Paidun monitoring showed that the Harmony Bridge attacker cleaned ETHs worth about US $6 million through the Harmony Horizon Bridge vulnerability, concentrated them in the address beginning with 0xbae5, and then converted some ETHs into USDTs, and transferred some USDTs to Firecoin and Bybit. Interpretation of this information: The message pertains to a cyberattack on the Harmony Bridge, a popular decentralized finance (DeFi) platform. According to reports, the attacker was able to exploit a vulnerability in the platform’s infrastructure to clean out Ethereum (ETH) worth approximately $6…

On February 13, it was reported that after the US SEC took regulatory action against the issuer of BUSD, Paxos, the anchor price of BUSD began to be unstable. The data showed that the range of BUSD to USDT on the Binance platform had dropped to 0.9950. The decline of BUSD/USDT trading pairs indicated that traders had begun to transfer funds to Tether. Interpretation of this information: The recent regulatory action taken by the US Securities and Exchange Commission (SEC) against Paxos, the issuer of BUSD, has reportedly impacted the…