Synthetix Stablecoin SUSD Drops Below $1 Parity, Struggles to Rebound
According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now…
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According to current market prices, the synthetix usd (SUSD) stablecoin has fallen from its intended $1 parity. Charts show the token dipped to a low of $0.915 and is now…
Over the past 90 days, bitcoin has appreciated by 23.4%. However, eight other cryptocurrencies have demonstrated significantly larger gains, each recording triple-digit increases over the same period. 90-Day Trends Propel…
Over the past 19 days, the stablecoin economy has stabilized with negligible growth after reaching the $160 billion threshold at April’s end. Out of the top five, FDUSD is currently…
The smart money protocol Umoja has joined forces with the Bitcoin layer two (L2) initiative, Merlin Chain, to roll out a Bitcoin-based high-yield synthetic dollar. The newly introduced stablecoin is…
The fifth-largest stablecoin in the crypto economy by market capitalization, Ethena’s USDE, temporarily detached from its peg on Saturday amid market declines. Data reveals that the token, designed to mirror…
TON Society announced a proof-of-personhood program targeting Telegram users, who can voluntarily scan their palms in exchange for benefits. The organization allocated 1 million TON for this initiative, distributed among…
The stablecoin issuer First Digital Labs has announced its intention to debut its dollar-pegged token FDUSD on the Sui network. This collaboration is described as a “strategic alliance aimed at…
Teddy Fusaro, president of Bitwise, one of the crypto index fund managers, has praised the business model of Tether, the company behind the largest stablecoin in the crypto market. Fusaro…
On Thursday, Ethena Labs unveiled its new strategy to back USDE with bitcoin, enhancing the stablecoin’s foundation. The stablecoin, known for delivering yields in the double digits, has rapidly ascended…
Since its launch on April 2, the Ethena governance token ENA has experienced an 80% climb in value against the U.S. dollar, ascending from an all-time low of $0.532 per…