Stablecoin

Top Ethereum Killers to Consider in 2022

Top Ethereum Killers to Consider in 2022

Investors have heavily grilled the Ethereum network over the past couple of years. That is due to congestion, slow speeds, and high gas fees. As this competitive field sees constant innovation, users and developers look for blockchains that meet demand without hassle. This article highlights some leading blockchains that enthusiasts believe will overcome Ethereum's TVL with time. Solana (SOL) Solana tops our list. Backed by billionaire Sam Bankman-Fried, it is a decentralized network created to ensure user-friendly, scalable apps for the market, and Solana gained increased popularity. Solana attracted many developers looking for Ethereum alternatives due to high fees and…
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Terra (LUNA) Gains More Than 20%, Nearing its ATH

Terra (LUNA) Gains More Than 20%, Nearing its ATH

Terra's native token LUNA saw remarkable upswings within the past 24 hours, gaining more than 20% to hover at $99, beneath its lifetime peak. That comes as the broad crypto spectrum sees bullish moves. However, two other factors contribute to Terra's current surge. They are stablecoin UST demand and consistent LUNA tokens' burn. LUNA was among the best-performing alt since last month, gaining 47%. Contrarily, the leading alternative coin, Ethereum, lost nearly 12% within the timeframe. High-Yield Seeker Drive UST Demand UST, via Terra's Anchor Protocol (ANC), offers depositors an almost 20% yearly percentage yield, making it one of the…
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These Are Worst-Performing Cryptos So Far in 2022

These Are Worst-Performing Cryptos So Far in 2022

The cryptocurrency space hasn't had its best year so far. Uncertainty around the Russia-Ukraine conflict plus COVID-19 had most investors escaping risky markets. The crypto spectrum started 2022 in turmoil. Uncertainty around the Russia-Ukraine conflict plus the COVID-19 pandemic pushed away investors interested in long-term crypto investment. Nevertheless, the plunge in crypto prices also presents an opportunity for investors to accumulate at discounted prices. However, let's check the top worst-performing digital tokens so far in 2022. Our analysts used YTD returns stats from Coinmarketcap as of 2022 February end to rank worst-performing assets this year. Moreover, the list included crypto…
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First Swiss Digital Asset Custody Creates Token Backed By Gold

First Swiss Digital Asset Custody Creates Token Backed By Gold

SEBA, a Swiss bank that touts itself as the future bank, has created a digital gold token backed by actual gold. The bank CEO, Guido Buehler, said that gold has always been an essential commodity in financial markets, citing the commodity’s impressive market cap, which lies in trillions of dollars. Buehler revealed that gold had proven to be a trusted shield against inflation as well as a significant investment to protect capital. The Concept And Potential Benefits Today, the firm launched the digital token, regulated and tied to real gold. The bank disclosed that users could exchange the digital token…
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USDC Incorporated On Avalanche

USDC Incorporated On Avalanche

Financial services and blockchain company, Circle, is creating a version of its stablecoin USDC for the Avalanche blockchain. Incorporating the USDC token is supposed to be done on the Avalanche C-Chain. The token support was announced today and will allow users conduct all types of USDC transactions on the network without interacting with the Ethereum blockchain.  USDC’s Growth And Adoption USDC has a current supply of over $40 billion in tokens. It has grown the most in its category; it also has a pool second only to USDT. Currently, it is the most widely used stablecoin on Avalanche. Over a…
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US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins

US Treasury Department Is In Discussion For Potential Regulation Of Stablecoins

Everyone in the cryptocurrency community would agree that stablecoins play a crucial role in both the crypto market and industry. However, officials from the United States Treasury Department have stated that there are various risks associated with stablecoins that must be studied in detail, particularly regarding what would happen if an overwhelming number of traders chose to withdraw various stablecoins simultaneously. The U.S Treasury Department realizes that cryptocurrencies have become incredibly popular, and thus so too has the stablecoin market. As such, numerous discussions were had, which still continue to this day, about how to regulate the private stablecoins in…
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