USDC depegged, but it’s not going to default
USD Coin is going to survive Silicon Valley Bank’s collapse. But it should inspire advocates of cryptocurrency to prepare for future systemic shocks. Go to Source Powered by WPeMatico
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Markets Update: Stable Cryptocurrencies and Unstable Pegged Coins
Since our last markets update, cryptocurrencies have been steadily moving sideways as traders are patiently waiting for the next big move. On Wednesday, Oct. 17, bitcoin core has been hovering between $6,400-6,550, while bitcoin cash has been coasting along around $425-500 per coin. The market capitalization of all 2,000+ cryptocurrencies hasn’t budged much over the … Read more
BitPay Adds Settlement in Gemini Dollar (GUSD) and Circle Coin (USDC)
In a press release today, Bitpay – the largest bitcoin payment provider – announced that they are now supporting settlement in two more currencies: Circle (USD) Coin, and Gemini (US) Dollar. The decision to add settlement in stablecoins makes perfect sense during these volatile periods. It allows merchants to avoid any market volatility by converting … Read more
