HUSD, a dollar-based stablecoin, lost its dollar peg yesterday during heavy trading. HUSD is a relatively small stablecoin with a market cap of around $160 million. According to Coinmarketcap, HUSD dropped to as low as $0.8483 on August 18th. As of now, HUSD has recovered,… Read More
Read more in: Blockchain & Digital Assets, Asia | Tagged hong kong, huobi, husd, stablecoin
The combined market capitalization of Ethereum (ETH)-powered stablecoins (digital assets pegged to major fiat currencies or other real-world assets) has surged by over 95% year-to-date. The total market cap of all ETH-based stablecoins stands at around $6.25 billion. Research conducted by The Block reveals that… Read More
Read more in: Blockchain & Digital Assets, Global | Tagged binance usd, busd, crypto-assets, digital assets, eth, ether, ethereum, husd, kenneth bok, stablecoin, stablecoins, tether, usdc, usdt
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