Stablecoin issuer Circle is looking into the possibility of becoming a publicly traded company in the early months of 2024. The development comes almost a year after its failed SPAC deal with Concord. Despite the collapse of this particular deal, Circle’s co-founder and CEO, Jeremy Allaire, later emphasized the company still planned to become a …
Stablecoins are often viewed as assets that pose systematic risks to the financial market. However, these pegged tokens have become the most popular category among investors amid adverse market conditions. QuickNode’s latest on-chain report revealed a notable surge in stablecoin activity across blockchain networks. Stablecoins saw a 45% growth in active addresses and a 41% …
Stablecoin Activity Takes Crown From DeFi in Q3: Report Read More »
In a recent development, the Real USD (USDR) stablecoin lost its peg to the U.S. dollar, causing its value to plummet to just $0.5. TangibleDAO, the entity responsible for USDR, points to a liquidity issue as the cause of the stablecoin’s rapid depreciation. TangibleDAO Cites Liquidity Issue in USDR’s Depegging On Oct. 11, the Real …
Real Estate-Backed Stablecoin USDR De-Pegs, Plunges to $0.53 Read More »
