Decentralized Exchange (DEX) Trading Volumes Surged Nearly 250% Amid USDC, Stablecoin Crisis
During the stablecoin crisis earlier this week, which saw the value of USDC, the second-largest stablecoin by market capitalization, drop to $0.87 before.
Crypto News
Crypto News
Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
Over the weekend, a wallet with the name Vitalik Buterin paid 500 ether, or just over $700,000, to create the less well-known RAI.
Blockchain News
‘Desperate’ Stablecoin Investor Pays $2 Million for Just $0.05 in $USDT After $USDC and $DAI Depeg
In an on-chain deal, a “desperate” cryptocurrency investor paid well over $2 million to switch into $USDT from an investment that gave them.
Crypto News
MakerDAO Invests in Government Treasuries
MakerDAO all set to invest in government treasuries and bonds to fight the bear market. A total of 500 million in DAI would.
Crypto News
UST and MIM are “solid Ponzis” that will go to zero, according to a Maker co-founder
Rune Christensen, one of the co-founders of the company that created and developed DAI, a decentralized stablecoin, has singled out two competitors. Christensen.
Crypto News
Centralized Stablecoins remained resilient.
Crypto crash sees that the centralized Stablecoins are retaining pegs while algorithmic tokens suffer. Two stable tokens are currently ranking among the top.