Coinbase: USDC, USDT to Face More Liquidity Problems if The FED Hikes Interest Rates
A Coinbase report predicts that stablecoins, including USDC and USDT, will face liquidity challenges if the FED hikes rates.
Crypto News
General
Crypto News
General
USDC Backed by $55.7 Billion in Reserves Mostly Held in U.S. Treasuries
USDC is sufficiently backed with $55.7 billion in reserves mostly held in U.S. Treasuries and cash in regulated banks.
Crypto News
Ethereum
USDC Flips USDT Daily Average Transactions on Ethereum
For the first time in the history of USDC, the stablecoin posted more transactions on the Ethereum network than USDT.
Crypto News
DeFi
Ethereum Whales Prefer USDC over USDT after UST Crash
Ethereum whales, mainly DeFi protocols, custodians, and cryptocurrency exchanges, prefer USDC over USDT following the UST de-peg.
Crypto News
Tether (USDT) is Overcollateralized with over $82 Billion in Reserves
An assurance report by an independent accounting firm suggests that Tether (USDT) is sufficiently backed and is safe.
Crypto News
DeFi
Tether (USDT) is Wobbly Hours after UST Crash
Tether is trading below the $1 peg, a concern that users claim may further heap pressure on crypto assets hours after UST crashed.