News Formal

Stablecoins market faces volatility: Exploring recent trends and key players

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 68%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Stablecoins navigate turbulent waters as their market cap fluctuates. Terra's fall, FTX's crash, and Paxos' exit leave USDT and USDC at the helm.

Simultaneously, its companion token, LUNA, designed to stabilizeprice, plummeted from $80 to just a few cents. The collapse of the Terra stablecoin significantly impacted the overall stablecoin market capitalization.

Furthermore, as the market appeared to be stabilizing, another significant crash occurred, this time involving an exchange. In November, theexchange experienced a collapse that sent shockwaves throughout the crypto space. Examining the chart, it becomes evident that the market cap started declining following this period.

The most recent event affecting the market cap was an announcement by Paxos. Paxos revealed its decision to cease minting the Binance stablecoin,

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 22. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

FTX’s $10 million crypto transfer sparks concerns of market disruptionThis significant cryptocurrency transfer from Solana to Ethereum raises concerns of potential market turmoil.
Источник: CryptoAmb - 🏆 22. / 68 Прочитайте больше »