The FUD around Binance instantly affected BUSD. After withdrawing several billion dollars from the exchange and stopping the withdrawal of USDC, the exchange's own stablecoin loses market capitalization.
The Hong Kong Monetary Authority has published a study indicating stablecoins not only transmit but also magnify crypto volatility effects on traditional financial markets.
Bloomberg journalists are actively writing materials about Tether, releasing several articles per week. Articles question the reliability of the company and fan the flames of panic after the collapse of FTX. Tether is not keeping silent, and refutes Bloomberg’s claims.
Bloomberg journalists are actively writing materials about Tether, releasing several articles per week. Articles question the reliability of the company and fan the flames of panic after the collapse of FTX. Tether is not keeping silent, and refutes Bloomberg’s claims.
The FUD around Binance instantly affected BUSD. After withdrawing several billion dollars from the exchange and stopping the withdrawal of USDC, the exchange's own stablecoin loses market capitalization.
The Hong Kong Monetary Authority has published a study indicating stablecoins not only transmit but also magnify crypto volatility effects on traditional financial markets.
After the collapse of FTX, the stablecoin from Tron lost its peg to the dollar and has not yet returned to normal. On December 12, the USDD deviated strongly from the dollar, the price of the stablecoin was about 97 cents.
Coinbase has made the conversion of USDT to USDC available to users without commission, encouraging everyone to switch to a reliable stablecoin from Circle.
Tether announced the launch of Euro Tether (EURT) and Tether Gold (XAUT) on Huobi Global. As well as a stablecoin tied to the offshore Chinese yuan (CNHT) which will be available to users on the Tron blockchain, although previously it worked only on Ethereum.
