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Users and traders can no longer create new GHO stablecoins by minting, but they still can be purchased on secondary markets, says the top Aave contributor. Marc Zeller, founder of the Aavechan initiative, said demand for GHO has driven the token to its minting cap, meaning that users would be unable
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The defi platform Raft has temporarily suspended the minting of its R stablecoin due to a security vulnerability that resulted in a substantial loss. The company is currently investigating the incident and has promised to keep its users updated. Existing users, however, can continue with loan repayments and collateral retrieval. We are
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USDC issuer Circle Internet Financial said it is curbing support for individual consumer accounts to mint stablecoins, with currently only accepting qualified institutional clients. Source
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Over 55% of voters supported the proposal that included the impossibility of minting and reminting of USTC without the approval of the Terra Classic community. Terra Classic will no longer be able to mint new TerraClassicUSD (USTC) stablecoins without the approval of the Terra Classic community. According to data from ATOMScan,
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Algorithmic stablecoins like USTC are backed by a basket of assets, such as LUNA and bitcoin (BTC), without depending on any centralized third party to hold those assets. Most of the tokens, however, fall victim to a “death spiral” – with outflows or sales of backing assets causing a sudden
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The Terra Classic community has voted in favor of ceasing all minting and reminting activities related to TerraClassicUSD (USTC), with the objective of reestablishing a stable peg between USTC and the US dollar.In a recent proposal, the community voted with 59% in favor of discontinuing the minting of USTC, while
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Despite the general market for non-fungible tokens (NFTs) slowing down in recent weeks, Reddit’s Collectible Avatars on the 0xPolygon platform has surpassed 20 million. According to Dune Analytics, more than 20 million Reddit Collectible Avatars have been
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Data from the Dune blockchain show crypto enthusiasts minted 350,000 Bitcoin Ordinals Inscriptions on July 8, the highest daily record since May 14. Despite the substantial increase in minting activity, the payment fee for these
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Binance started to promote TUSD on its platform after New York state regulator’s forced issuer Paxos to mint Binance-branded stablecoin BUSD in February. Now, the exchange’s crypto wallets hold at least 90% of the stablecoin’s $3.1 billion total market capitalization, according to Arkham data. Source
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Stablecoin TruedUSD (TUSD) slightly lost its dollar peg in the early hours of June 10, following a pause in minting activities through its technology partner Prime Trust. The fifth-largest stablecoin by market capitalization traded at $0.9964 at its deepest point. According to CoinMarketCap, its value is $0.9981 as of this writing.
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