Tag: stablecoin
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The downside outlook appears as Ethereum billionaire addresses continue accumulating ETH supply.
Terra, one of the top 10 cryptocurrency projects by market cap, has reached a UST-related milestone recently. The Luna Foundation Guard (LFG), a nonprofit organization, reported that the protocol had reached the maximum daily issuance of its flagship stablecoin, UST. This is due to high demand that interested parties are showing in minting the asset.…
The post Terra Protocol Reaches Maximum Issuance of UST Daily, LFG Foundation Steps In appeared first on Bitcoin News Miner.
Stablecoins have the possibility to become a promising alternative system amid global inflation, but they must be auditable to remain stable.
LUNA, AVAX and OSMO have outperformed most altcoins, hinting that a DeFi revival could be in store.
Investors are often lured to DeFi by the four-digit APYs on offer, but in many instances, impermanent loss actually siphons away any potential profits investors might have accrued.
Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.